Elevance Health balance sheet

At the end of fiscal 2025, Elevance Health had total assets of $121.49bn, total liabilities of $77.47bn and shareholders' equity of $43.88bn. It held $9.49bn in cash against $32.05bn of debt: net debt of $22.55bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Elevance Health: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	4.8	1.8	2.2	2.5	1.6	2.2	2.1	4.1	3.6	3.9	4.9	5.7	4.9	7.4	6.5	8.3	9.5	10.3
Total current assets	28.1	26.1	27.1	29.3	29.7	31.9	30.9	34.3	36.3	34.3	39.0	45.8	51.1	55.6	60.0	58.9	63.0	68.5
Goodwill	13.3	13.3	13.9	16.9	16.9	17.1	17.6	17.6	19.2	20.5	20.5	21.7	24.2	24.4	25.3	28.3	28.3	28.3
Total assets	52.1	50.2	52.2	59.0	59.6	61.7	61.7	65.1	70.5	71.6	77.5	86.6	97.5	102.8	108.9	116.9	121.5	127.8
Total current liabilities	14.7	14.0	15.9	16.0	16.4	18.8	19.1	21.3	23.4	22.0	23.5	29.5	34.9	39.7	41.8	40.6	41.0	46.7
Short-term debt	0.1	0.7	1.3	0.6	0.5	0.6	0.0	0.9	1.3	0.8	1.6	0.7	1.6	1.5	1.6	1.6	1.1	0.4
Long-term debt	8.3	8.1	8.5	14.2	13.6	14.0	15.3	14.4	17.4	17.2	17.8	19.3	21.2	22.3	23.2	29.2	30.8	30.4
Total debt	8.4	9.0	9.8	15.5	14.5	15.0	15.9	15.7	19.9	19.2	20.1	20.3	23.1	24.1	25.1	31.2	32.0	30.8
Total liabilities	27.3	26.4	28.9	35.2	34.8	37.4	38.7	40.0	44.0	43.0	45.7	53.4	61.3	66.4	69.5	75.5	77.5	83.0
Shareholders' equity	24.9	23.8	23.3	23.8	24.8	24.3	23.0	25.1	26.5	28.5	31.7	33.2	36.1	36.2	39.3	41.3	43.9	44.7
Net debt (negative = net cash)	3.6	7.2	7.6	13.1	12.9	12.9	13.8	11.7	16.3	15.3	15.1	14.5	18.2	16.7	18.6	22.9	22.6	20.4
Shares outstanding	450m	378m	339m	305m	293m	268m	261m	264m	256m	257m	253m	245m	242m	238m	233m	227m	221m	216m

US$ billions unless shown otherwise. Fiscal quarters.

Elevance Health: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Total current assets	58.9	61.1	63.3	63.8	63.0	67.0	67.2	68.5
Goodwill	28.3	28.4	28.4	28.5	28.3	28.3	28.3	28.3
Total assets	116.9	119.7	121.9	122.7	121.5	125.8	126.4	127.8
Total current liabilities	40.6	42.7	43.8	40.9	41.0	45.3	44.3	46.7
Short-term debt	1.6	1.6	1.6	0.7	1.1	0.4	0.4	0.4
Long-term debt	29.2	28.1	28.2	31.2	30.8	30.8	30.7	30.4
Total debt	30.9	29.8	29.8	31.9	31.9	31.1	31.0	30.8
Total liabilities	75.5	77.1	78.1	78.7	77.5	81.8	81.4	83.0
Shareholders' equity	41.3	42.5	43.7	44.0	43.9	43.9	44.9	44.7
Shares outstanding	227m	226m	225m	222m	221m	217m	217m	216m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: CNC vs ELV ELV vs HUM ELV vs UNH ELV vs MOH

More: Managed Health Care stocks compared, Health Care sector, rankings of US companies

Figures from Elevance Health's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Elevance Health.