Elevance Long Term Debt vs Common Stock Shares Outstanding Analysis

ELV Stock

USD 371.07 0.00 0.00%

Elevance Health financial indicator trend analysis is much more than just examining Elevance Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elevance Health is a good investment. Please check the relationship between Elevance Health Long Term Debt and its Common Stock Shares Outstanding accounts. 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.

Long Term Debt vs Common Stock Shares Outstanding

Long Term Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elevance Health Long Term Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Elevance Health's Long Term Debt and Common Stock Shares Outstanding is -0.18. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Elevance Health, assuming nothing else is changed. The correlation between historical values of Elevance Health's Long Term Debt and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Elevance Health are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Long Term Debt i.e., Elevance Health's Long Term Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Elevance Health has held for over one year. Long-term debt appears on Elevance Health balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Elevance Health balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Elevance Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Discontinued Operations is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 1.7 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	36.0B	40.0B	154.0B	161.7B
Total Revenue	138.6B	156.6B	171.3B	179.9B

Gross Profit Total Revenue

Elevance Health fundamental ratios 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	0.16	0.65	0.74	0.81	0.58	0.9	0.98	0.98	0.81	0.9	0.76	0.81	0.82	0.01	0.33	0.78	0.09
Short Long Term Debt Total	0.97		0.96	0.98	-0.37	-0.16	0.99	0.43	0.79	0.04	0.57	0.72	0.76	0.56	0.86	1.0	0.92	0.77	0.89	0.69	0.74	0.84	-0.02	0.44	0.85	0.12
Total Stockholder Equity	0.99	0.96		0.92	-0.27	-0.01	0.96	0.58	0.84	0.09	0.6	0.78	0.8	0.59	0.87	0.96	0.97	0.81	0.94	0.74	0.79	0.87	0.08	0.35	0.78	0.23
Net Debt	0.93	0.98	0.92		-0.48	-0.08	0.96	0.48	0.73	-0.07	0.48	0.74	0.68	0.56	0.74	0.97	0.87	0.72	0.89	0.6	0.65	0.87	-0.05	0.51	0.84	0.18
Other Assets	-0.24	-0.37	-0.27	-0.48		-0.08	-0.34	-0.24	-0.03	0.8	0.32	-0.54	0.05	-0.22	-0.03	-0.37	-0.18	-0.08	-0.37	0.13	0.06	-0.63	0.05	-0.96	-0.31	-0.4
Common Stock Shares Outstanding	-0.12	-0.16	-0.01	-0.08	-0.08		-0.1	0.7	-0.18	-0.24	-0.37	0.19	-0.29	-0.25	-0.33	-0.18	-0.03	-0.14	0.24	-0.34	-0.34	0.17	0.09	-0.07	-0.17	0.77
Non Current Liabilities Total	0.98	0.99	0.96	0.96	-0.34	-0.1		0.48	0.81	0.11	0.6	0.74	0.76	0.55	0.85	0.99	0.94	0.77	0.91	0.69	0.74	0.82	-0.06	0.38	0.81	0.12
Other Stockholder Equity	0.47	0.43	0.58	0.48	-0.24	0.7	0.48		0.52	-0.07	0.25	0.69	0.41	0.36	0.24	0.43	0.49	0.51	0.78	0.35	0.36	0.68	0.17	0.16	0.38	0.79
Total Liab	0.84	0.79	0.84	0.73	-0.03	-0.18	0.81	0.52		0.38	0.9	0.68	0.98	0.8	0.8	0.82	0.81	0.96	0.81	0.96	0.97	0.69	0.07	0.11	0.66	0.04
Other Current Liab	0.16	0.04	0.09	-0.07	0.8	-0.24	0.11	-0.07	0.38		0.71	-0.26	0.42	0.03	0.33	0.07	0.17	0.29	0.01	0.49	0.44	-0.33	-0.1	-0.78	0.01	-0.45
Total Current Liabilities	0.65	0.57	0.6	0.48	0.32	-0.37	0.6	0.25	0.9	0.71		0.34	0.92	0.68	0.71	0.61	0.62	0.83	0.52	0.94	0.91	0.31	0.06	-0.24	0.48	-0.26
Other Liab	0.74	0.72	0.78	0.74	-0.54	0.19	0.74	0.69	0.68	-0.26	0.34		0.6	0.63	0.51	0.73	0.74	0.68	0.85	0.53	0.57	0.91	-0.02	0.56	0.62	0.44
Retained Earnings	0.81	0.76	0.8	0.68	0.05	-0.29	0.76	0.41	0.98	0.42	0.92	0.6		0.79	0.83	0.78	0.77	0.93	0.73	0.99	0.99	0.62	0.12	0.07	0.65	-0.03
Accounts Payable	0.58	0.56	0.59	0.56	-0.22	-0.25	0.55	0.36	0.8	0.03	0.68	0.63	0.79		0.48	0.6	0.56	0.8	0.57	0.79	0.76	0.6	0.26	0.28	0.5	0.04
Cash	0.9	0.86	0.87	0.74	-0.03	-0.33	0.85	0.24	0.8	0.33	0.71	0.51	0.83	0.48		0.87	0.86	0.78	0.71	0.78	0.83	0.61	0.06	0.18	0.71	-0.06
Long Term Debt	0.98	1.0	0.96	0.97	-0.37	-0.18	0.99	0.43	0.82	0.07	0.61	0.73	0.78	0.6	0.87		0.93	0.79	0.89	0.72	0.77	0.84	-0.05	0.44	0.82	0.1
Short Term Investments	0.98	0.92	0.97	0.87	-0.18	-0.03	0.94	0.49	0.81	0.17	0.62	0.74	0.77	0.56	0.86	0.93		0.77	0.89	0.73	0.77	0.79	0.03	0.26	0.68	0.08
Other Current Assets	0.81	0.77	0.81	0.72	-0.08	-0.14	0.77	0.51	0.96	0.29	0.83	0.68	0.93	0.8	0.78	0.79	0.77		0.78	0.88	0.89	0.7	0.18	0.16	0.69	0.09
Intangible Assets	0.9	0.89	0.94	0.89	-0.37	0.24	0.91	0.78	0.81	0.01	0.52	0.85	0.73	0.57	0.71	0.89	0.89	0.78		0.65	0.7	0.92	0.03	0.38	0.71	0.43
Property Plant Equipment	0.76	0.69	0.74	0.6	0.13	-0.34	0.69	0.35	0.96	0.49	0.94	0.53	0.99	0.79	0.78	0.72	0.73	0.88	0.65		0.99	0.53	0.12	-0.01	0.56	-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	0.44	0.91	0.57	0.99	0.76	0.83	0.77	0.77	0.89	0.7	0.99		0.6	0.09	0.08	0.6	-0.08
Non Current Assets Total	0.82	0.84	0.87	0.87	-0.63	0.17	0.82	0.68	0.69	-0.33	0.31	0.91	0.62	0.6	0.61	0.84	0.79	0.7	0.92	0.53	0.6		0.07	0.68	0.68	0.48
Non Currrent Assets Other	0.01	-0.02	0.08	-0.05	0.05	0.09	-0.06	0.17	0.07	-0.1	0.06	-0.02	0.12	0.26	0.06	-0.05	0.03	0.18	0.03	0.12	0.09	0.07		0.03	-0.04	0.11
Cash And Short Term Investments	0.33	0.44	0.35	0.51	-0.96	-0.07	0.38	0.16	0.11	-0.78	-0.24	0.56	0.07	0.28	0.18	0.44	0.26	0.16	0.38	-0.01	0.08	0.68	0.03		0.34	0.31
Net Receivables	0.78	0.85	0.78	0.84	-0.31	-0.17	0.81	0.38	0.66	0.01	0.48	0.62	0.65	0.5	0.71	0.82	0.68	0.69	0.71	0.56	0.6	0.68	-0.04	0.34		0.18
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	0.04	-0.06	0.1	0.08	0.09	0.43	-0.12	-0.08	0.48	0.11	0.31	0.18

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Elevance Health Account Relationship Matchups

Elevance Health fundamental ratios 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)	31.0B	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	5.6B	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	39.3B	43.5B	45.7B
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)	2.8B	3.0B
Cash And Short Term Investments	24.6B	29.2B	31.1B	7.4B	6.5B	6.2B
Net Receivables	10.6B	5.7B	7.8B	9.0B	10.0B	6.2B
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	1.9B	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

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