Equity to Asset ratio is calculated as total stockholders equity divided by total asset. The Cigna Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $46,223 Mil. The Cigna Group's Total Assets for the quarter that ended in Dec. 2023 was $152,761 Mil.
Therefore, The Cigna Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.30.
The historical rank and industry rank for The Cigna Group's Equity-to-Asset or its related term are showing as below:
CI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.19 Med: 0.28 Max: 0.32
Current: 0.3
During the past 13 years, the highest Equity to Asset Ratio of The Cigna Group was 0.32. The lowest was 0.19. And the median was 0.28.
CI's Equity-to-Asset is ranked worse than 66.67% of 21
companies
in the Healthcare Plans industry
Industry Median: 0.33
vs CI: 0.30
The Cigna Group Equity-to-Asset Historical Data
The historical data trend for The Cigna Group's Equity-to-Asset 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.
Competitive Comparison of The Cigna Group's Equity-to-Asset
For the Healthcare Plans subindustry, The Cigna Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
The Cigna Group's Equity-to-Asset Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where The Cigna Group's Equity-to-Asset falls into.
The Cigna Group Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
The Cigna Group's Equity to Asset Ratio for the fiscal year 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.
The Cigna Group (NYSE:CI) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
The Cigna Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of The Cigna Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
The Cigna Group (The Cigna Group) Business Description
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.
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