Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. CVS Health's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, CVS Health couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for CVS Health's Cash-to-Debt or its related term are showing as below:
CVS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.13 Max: 0.22
Current: 0.14
During the past 13 years, CVS Health's highest Cash to Debt Ratio was 0.22. The lowest was 0.07. And the median was 0.13.
CVS Health Cash-to-Debt Historical Data
The historical data trend for CVS Health's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
CVS Health Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.09 |
0.13 |
0.17 |
0.22 |
0.14 |
|
CVS Health Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.22 |
0.23 |
0.21 |
0.20 |
0.14 |
Competitive Comparison
For the Healthcare Plans subindustry, CVS Health's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CVS Health Cash-to-Debt Distribution
For the Healthcare Plans industry and Healthcare sector, CVS Health's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where CVS Health's Cash-to-Debt falls into.
CVS Health Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
CVS Health's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
CVS Health's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CVS Health (CVS Health) Business Description
Traded in Other Exchanges
Address
One CVS Drive, Woonsocket, RI, USA, 02895
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
Executives
| Edward J Ludwig |
director |
C/O BECTON DICKERSON & CO, 1 BECTON DR, FRANKLIN LAKES NJ 07417 |
| Michael F Mahoney |
director |
BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234 |
| Thomas F. Cowhey |
officer: SVP, Interim CFO |
310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027 |
| J Scott Kirby |
director |
233 S. WACKER DRIVE 11TH FL WHQLD, CHICAGO IL 60606 |
| Brian A Kane |
officer: EVP/President, Aetna |
500 W MAIN STREET, LOUISVILLE KY 40202 |
| James David Clark |
officer: SVP, Cont & Chief Acct Officer |
ONE CVS DRIVE, WOONSOCKET RI 02760 |
| Karen S Lynch |
officer: EVP & Pres, Aetna Bus Unit |
151 FARMINGTON AVENUE, RW61, HARTFORD CT 06156 |
| Samrat S. Khichi |
officer: EVP, CPO and General Counsel |
C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873 |
| Thomas M Moriarty |
officer: EVP & General Counsel |
100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417 |
| Jeffrey R. Balser |
director |
3657 RICHLAND AVE., NASHVILLE TN 37205 |
| Alan Lotvin |
officer: EVP, Transformation |
55 NOD ROAD, AVON CT 06001 |
| Daniel P Finke |
officer: EVP/Pres, Health Care Benefits |
ONE CVS DRIVE, WOONSOCKET RI 02895 |
| Tilak Mandadi |
officer: EVP, Chief Technology Officer |
3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109 |
| Sreekanth K Chaguturu |
officer: EVP and Chief Medical Officer |
ONE CVS DRIVE, WOONSOCKET RI 02895 |
| Prem S Shah |
officer: EVP and Co-President of Retail |
ONE CVS DRIVE, WOONSOCKET RI 02895 |
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