Elevance Historical Balance Sheet

ELV Stock

USD 536.25 1.06 0.20%

Trend analysis of Elevance Health balance sheet accounts such as Total Stockholder Equity of 23.6 B or Net Debt of 9.6 B provides information on Elevance Health's total assets, liabilities, and equity, which is the actual value of Elevance Health to its prevalent stockholders. By breaking down trends over time using Elevance Health balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Elevance Health latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Elevance Health is a good buy for the upcoming year.

Elevance Health Inventory

(44.02 Billion)

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

About Elevance Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Elevance Health at a specified time, usually calculated after every quarter, six months, or one year. Elevance Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Elevance Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Elevance currently owns. An asset can also be divided into two categories, current and non-current.

Elevance Health Balance Sheet Chart

At this time, Elevance Health's Property Plant Equipment is fairly stable compared to the past year. Property Plant And Equipment Net is likely to climb to about 4.6 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 12.6 B in 2024.

Total Assets Short Long Term Debt Total Total Stockholder Equity Net Debt Other Current Assets

Add Fundamental

Total Assets

Total assets refers to the total amount of Elevance Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Elevance Health books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most accounts from Elevance Health's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Elevance Health current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.At this time, Elevance Health's Property Plant Equipment is fairly stable compared to the past year. Property Plant And Equipment Net is likely to climb to about 4.6 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 12.6 B in 2024.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	23.0B	24.1B	25.1B	12.6B
Total Assets	97.3B	102.8B	108.9B	57.8B

Short Long Term Debt Total Total Assets

Elevance Health balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Short Term Investments	Other Current Assets	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.97	0.99	0.93	-0.24	-0.12	0.98	0.47	0.84	0.07	0.65	0.74	0.81	0.79	0.9	0.98	0.98	0.7	0.9	0.76	0.81	0.82	0.05	0.51	0.76	0.09
Short Long Term Debt Total	0.97		0.96	0.98	-0.37	-0.16	0.99	0.43	0.79	-0.05	0.57	0.72	0.76	0.75	0.86	1.0	0.92	0.64	0.89	0.69	0.74	0.84	0.0	0.52	0.69	0.12
Total Stockholder Equity	0.99	0.96		0.92	-0.27	-0.01	0.96	0.58	0.84	0.01	0.6	0.78	0.8	0.76	0.87	0.96	0.97	0.69	0.94	0.74	0.79	0.87	0.11	0.52	0.73	0.23
Net Debt	0.93	0.98	0.92		-0.48	-0.08	0.96	0.48	0.73	-0.15	0.48	0.74	0.68	0.68	0.74	0.97	0.87	0.57	0.89	0.6	0.65	0.87	-0.04	0.53	0.61	0.18
Other Assets	-0.24	-0.37	-0.27	-0.48		-0.08	-0.34	-0.24	-0.03	0.84	0.32	-0.54	0.05	-0.03	-0.03	-0.37	-0.18	0.14	-0.37	0.13	0.06	-0.63	0.12	-0.34	0.14	-0.4
Common Stock Shares Outstanding	-0.12	-0.16	-0.01	-0.08	-0.08		-0.1	0.7	-0.18	-0.23	-0.37	0.19	-0.29	-0.36	-0.33	-0.18	-0.03	-0.19	0.24	-0.34	-0.34	0.17	0.05	-0.28	-0.37	0.77
Non Current Liabilities Total	0.98	0.99	0.96	0.96	-0.34	-0.1		0.48	0.81	0.03	0.6	0.74	0.76	0.76	0.85	0.99	0.94	0.65	0.91	0.69	0.74	0.82	-0.03	0.5	0.7	0.12
Other Stockholder Equity	0.47	0.43	0.58	0.48	-0.24	0.7	0.48		0.52	-0.08	0.25	0.69	0.41	0.35	0.24	0.43	0.49	0.43	0.78	0.35	0.36	0.68	0.19	0.3	0.32	0.79
Total Liab	0.84	0.79	0.84	0.73	-0.03	-0.18	0.81	0.52		0.36	0.9	0.68	0.98	0.97	0.8	0.82	0.81	0.94	0.81	0.96	0.97	0.69	0.16	0.7	0.96	0.04
Other Current Liab	0.07	-0.05	0.01	-0.15	0.84	-0.23	0.03	-0.08	0.36		0.7	-0.29	0.4	0.4	0.23	-0.01	0.1	0.5	-0.06	0.48	0.41	-0.39	0.09	0.01	0.5	-0.45
Total Current Liabilities	0.65	0.57	0.6	0.48	0.32	-0.37	0.6	0.25	0.9	0.7		0.34	0.92	0.93	0.71	0.61	0.62	0.93	0.52	0.94	0.91	0.31	0.18	0.58	0.96	-0.26
Other Liab	0.74	0.72	0.78	0.74	-0.54	0.19	0.74	0.69	0.68	-0.29	0.34		0.6	0.59	0.51	0.73	0.74	0.54	0.85	0.53	0.57	0.91	0.0	0.6	0.53	0.44
Retained Earnings	0.81	0.76	0.8	0.68	0.05	-0.29	0.76	0.41	0.98	0.4	0.92	0.6		0.97	0.83	0.78	0.77	0.94	0.73	0.99	0.99	0.62	0.21	0.7	0.99	-0.03
Accounts Payable	0.79	0.75	0.76	0.68	-0.03	-0.36	0.76	0.35	0.97	0.4	0.93	0.59	0.97		0.78	0.78	0.74	0.94	0.7	0.97	0.97	0.6	0.17	0.76	0.97	-0.11
Cash	0.9	0.86	0.87	0.74	-0.03	-0.33	0.85	0.24	0.8	0.23	0.71	0.51	0.83	0.78		0.87	0.86	0.7	0.71	0.78	0.83	0.61	0.09	0.41	0.79	-0.06
Long Term Debt	0.98	1.0	0.96	0.97	-0.37	-0.18	0.99	0.43	0.82	-0.01	0.61	0.73	0.78	0.78	0.87		0.93	0.66	0.89	0.72	0.77	0.84	-0.02	0.55	0.72	0.1
Short Term Investments	0.98	0.92	0.97	0.87	-0.18	-0.03	0.94	0.49	0.81	0.1	0.62	0.74	0.77	0.74	0.86	0.93		0.68	0.89	0.73	0.77	0.79	0.07	0.48	0.72	0.08
Other Current Assets	0.7	0.64	0.69	0.57	0.14	-0.19	0.65	0.43	0.94	0.5	0.93	0.54	0.94	0.94	0.7	0.66	0.68		0.65	0.93	0.9	0.51	0.31	0.72	0.95	-0.04
Intangible Assets	0.9	0.89	0.94	0.89	-0.37	0.24	0.91	0.78	0.81	-0.06	0.52	0.85	0.73	0.7	0.71	0.89	0.89	0.65		0.65	0.7	0.92	0.05	0.5	0.64	0.43
Property Plant Equipment	0.76	0.69	0.74	0.6	0.13	-0.34	0.69	0.35	0.96	0.48	0.94	0.53	0.99	0.97	0.78	0.72	0.73	0.93	0.65		0.99	0.53	0.23	0.71	0.99	-0.12
Property Plant And Equipment Net	0.81	0.74	0.79	0.65	0.06	-0.34	0.74	0.36	0.97	0.41	0.91	0.57	0.99	0.97	0.83	0.77	0.77	0.9	0.7	0.99		0.6	0.18	0.68	0.98	-0.08
Non Current Assets Total	0.82	0.84	0.87	0.87	-0.63	0.17	0.82	0.68	0.69	-0.39	0.31	0.91	0.62	0.6	0.61	0.84	0.79	0.51	0.92	0.53	0.6		0.06	0.58	0.51	0.48
Non Currrent Assets Other	0.05	0.0	0.11	-0.04	0.12	0.05	-0.03	0.19	0.16	0.09	0.18	0.0	0.21	0.17	0.09	-0.02	0.07	0.31	0.05	0.23	0.18	0.06		0.37	0.19	0.07
Cash And Short Term Investments	0.51	0.52	0.52	0.53	-0.34	-0.28	0.5	0.3	0.7	0.01	0.58	0.6	0.7	0.76	0.41	0.55	0.48	0.72	0.5	0.71	0.68	0.58	0.37		0.68	0.03
Net Receivables	0.76	0.69	0.73	0.61	0.14	-0.37	0.7	0.32	0.96	0.5	0.96	0.53	0.99	0.97	0.79	0.72	0.72	0.95	0.64	0.99	0.98	0.51	0.19	0.68		-0.15
Common Stock Total Equity	0.09	0.12	0.23	0.18	-0.4	0.77	0.12	0.79	0.04	-0.45	-0.26	0.44	-0.03	-0.11	-0.06	0.1	0.08	-0.04	0.43	-0.12	-0.08	0.48	0.07	0.03	-0.15

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Elevance Health Account Relationship Matchups

Elevance Health balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	77.5B	86.6B	97.3B	102.8B	108.9B	57.8B
Short Long Term Debt Total	20.1B	20.0B	23.0B	24.1B	25.1B	12.6B
Total Stockholder Equity	31.7B	33.2B	36.1B	36.3B	39.3B	23.6B
Net Debt	15.1B	14.3B	18.2B	16.7B	18.6B	9.6B
Other Assets	(11.3B)	(13.7B)	(14.8B)	1.9B	1.7B	1.8B
Liabilities And Stockholders Equity	77.5B	86.6B	97.3B	102.8B	108.9B	57.8B
Non Current Liabilities Total	20.0B	21.4B	23.8B	26.7B	27.7B	14.1B
Other Stockholder Equity	9.4B	9.2B	9.1B	9.1B	8.9B	11.1B
Total Liab	45.7B	53.4B	61.2B	66.4B	69.5B	73.0B
Other Current Liab	(16.4B)	(18.8B)	(21.5B)	16.2B	15.5B	16.3B
Total Current Liabilities	16.4B	18.8B	21.5B	39.7B	41.8B	43.9B
Other Liab	3.8B	4.6B	5.1B	3.6B	4.1B	3.9B
Retained Earnings	22.6B	23.8B	27.1B	29.7B	31.7B	33.3B
Accounts Payable	13.0B	16.9B	18.5B	20.6B	23.0B	24.2B
Cash	4.9B	5.7B	4.9B	7.4B	6.5B	3.3B
Long Term Debt	17.8B	19.3B	21.2B	22.3B	23.2B	12.5B
Short Term Investments	19.7B	23.4B	26.3B	26.0B	29.6B	15.6B
Other Current Assets	29.1B	34.3B	38.5B	43.6B	60.0B	63.0B
Intangible Assets	8.7B	9.4B	10.6B	10.3B	10.3B	8.3B
Property Plant Equipment	3.1B	3.5B	3.9B	4.3B	5.0B	5.2B
Property Plant And Equipment Net	3.1B	3.5B	3.9B	4.3B	4.4B	4.6B
Non Current Assets Total	53.5B	60.1B	67.5B	47.2B	48.9B	43.7B
Non Currrent Assets Other	(801M)	(1.7B)	(103M)	(19.8B)	9.0B	9.4B
Cash And Short Term Investments	24.6B	29.2B	31.1B	7.4B	36.1B	37.9B
Net Receivables	10.6B	11.0B	13.4B	16.0B	17.9B	18.8B
Property Plant And Equipment Gross	2.2B	2.7B	3.1B	3.5B	4.0B	4.2B
Total Current Assets	35.2B	40.1B	44.6B	55.6B	60.0B	63.0B
Accumulated Other Comprehensive Income	(296M)	150M	(178M)	(2.5B)	(1.3B)	(1.2B)
Short Term Debt	2.0B	2.3B	700M	1.9B	1.8B	1.2B
Current Deferred Revenue	1.0B	1.3B	1.2B	1.1B	1.4B	1.5B
Good Will	20.5B	21.7B	24.2B	24.4B	25.3B	17.6B
Inventory	(29.1B)	(34.3B)	(38.5B)	(11.4B)	(46.3B)	(44.0B)
Retained Earnings Total Equity	22.6B	23.8B	27.1B	29.7B	34.2B	17.6B
Deferred Long Term Liab	2.2B	2.0B	2.8B	2.0B	2.3B	2.4B
Net Tangible Assets	2.6B	2.1B	1.2B	1.6B	1.9B	1.9B
Long Term Debt Total	17.8B	19.3B	21.2B	22.3B	25.7B	17.9B

Pair Trading with Elevance Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elevance Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elevance Health will appreciate offsetting losses from the drop in the long position's value.

Moving against Elevance Stock

0.76	ATXI	Avenue Therapeutics	Pair Corr
0.7	SCLXW	Scilex Holding	Pair Corr
0.64	CRL	Charles River Labora	Pair Corr
0.63	IQV	IQVIA Holdings	Pair Corr
0.61	SYK	Stryker	Pair Corr

The ability to find closely correlated positions to Elevance Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elevance Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elevance Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elevance Health to buy it.

The correlation of Elevance Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elevance Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevance Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Elevance Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Elevance Stock Analysis

When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.

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Elevance Historical Balance Sheet

Elevance Health Inventory

(44.02 Billion)

About Elevance Balance Sheet Analysis

Elevance Health Balance Sheet Chart

Total Assets

Total Stockholder Equity

Net Debt

Other Current Assets

Elevance Health balance sheet Correlations

Elevance Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elevance Health balance sheet Accounts

Pair Trading with Elevance Health

Moving against Elevance Stock

Additional Tools for Elevance Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Long Term Debt	+ 0.99	Non Current Liabilities Total
Property Plant Equipment	+ 0.99	Retained Earnings
Property Plant And Equipment Net	+ 0.99	Retained Earnings

Non Current Assets Total	- 0.63	Other Assets
Other Liab	- 0.54	Other Assets
Other Assets	- 0.48	Net Debt
Common Stock Total Equity	- 0.45	Other Current Liab
Common Stock Total Equity	- 0.4	Other Assets
Non Current Assets Total	- 0.39	Other Current Liab