Cvs Health annual debt-to-equity ratio
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2025
Cvs Health Debt-to-Equity Ratio Growth & History (CVS)
Cvs Health's debt-to-equity ratio was 1.06 for fiscal 2025.
View full Cvs Health company overviewCvs Health annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.06 | −0.03 | −3.14% |
| 2024 | 2024-12-31 | 1.10 | 0.06 | +5.70% |
| 2023 | 2023-12-31 | 1.04 | 0.05 | +4.81% |
| 2022 | 2022-12-31 | 0.99 | −0.02 | −2.15% |
| 2021 | 2021-12-31 | 1.01 | −0.21 | −17.40% |
| 2020 | 2020-12-31 | 1.23 | −0.18 | −12.82% |
| 2019 | 2019-12-31 | 1.41 | 0.13 | +10.51% |
| 2018 | 2018-12-31 | 1.27 | 0.54 | +74.51% |
| 2017 | 2017-12-31 | 0.73 | −0.02 | −3.17% |
| 2016 | 2016-12-31 | 0.75 | 0.01 | +1.11% |
| 2015 | 2015-12-31 | 0.74 | 0.40 | +117.53% |
| 2014 | 2014-12-31 | 0.34 | −0.01 | −3.11% |
| 2013 | 2013-12-31 | 0.35 | 0.09 | +35.34% |
| 2012 | 2012-12-31 | 0.26 | −0.00 | −0.92% |
| 2011 | 2011-12-31 | 0.26 | −0.00 | −1.25% |
| 2010 | 2010-12-31 | 0.27 | −0.05 | −15.78% |
| 2009 | 2009-12-31 | 0.32 | −0.02 | −6.83% |
| 2008 | 2008-12-31 | 0.34 | — | — |
Cvs Health quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.93 | −0.06 | −5.72% |
| Q1 2026 | 2026-03-31 | 0.98 | −0.02 | −2.02% |
| Q4 2025 | 2025-12-31 | 1.06 | −0.03 | −3.14% |
| Q3 2025 | 2025-09-30 | 1.12 | 0.02 | +1.58% |
| Q2 2025 | 2025-06-30 | 0.99 | −0.13 | −11.55% |
| Q1 2025 | 2025-03-31 | 1.00 | −0.06 | −5.40% |
| Q4 2024 | 2024-12-31 | 1.10 | 0.06 | +5.70% |
| Q3 2024 | 2024-09-30 | 1.10 | 0.03 | +2.42% |
| Q2 2024 | 2024-06-30 | 1.12 | −0.01 | −0.95% |
| Q1 2024 | 2024-03-31 | 1.06 | −0.02 | −1.50% |
| Q4 2023 | 2023-12-31 | 1.04 | 0.05 | +4.81% |
| Q3 2023 | 2023-09-30 | 1.08 | 0.07 | +7.15% |
| Q2 2023 | 2023-06-30 | 1.13 | 0.14 | +14.48% |
| Q1 2023 | 2023-03-31 | 1.07 | 0.10 | +10.33% |
| Q4 2022 | 2022-12-31 | 0.99 | −0.02 | −2.15% |
| Q3 2022 | 2022-09-30 | 1.01 | −0.05 | −5.01% |
| Q2 2022 | 2022-06-30 | 0.99 | −0.10 | −9.22% |
| Q1 2022 | 2022-03-31 | 0.97 | −0.16 | −13.88% |
| Q4 2021 | 2021-12-31 | 1.01 | −0.21 | −17.40% |
| Q3 2021 | 2021-09-30 | 1.06 | −0.21 | −16.54% |
| Q2 2021 | 2021-06-30 | 1.09 | −0.27 | −19.70% |
| Q1 2021 | 2021-03-31 | 1.13 | −0.29 | −20.43% |
| Q4 2020 | 2020-12-31 | 1.23 | −0.18 | −12.82% |
| Q3 2020 | 2020-09-30 | 1.27 | −0.17 | −12.05% |
| Q2 2020 | 2020-06-30 | 1.35 | −0.16 | −10.35% |
| Q1 2020 | 2020-03-31 | 1.42 | −0.19 | −11.99% |
| Q4 2019 | 2019-12-31 | 1.41 | 0.13 | +10.51% |
| Q3 2019 | 2019-09-30 | 1.44 | −0.30 | −17.00% |
| Q2 2019 | 2019-06-30 | 1.51 | −0.34 | −18.39% |
| Q1 2019 | 2019-03-31 | 1.61 | −0.09 | −5.47% |
| Q4 2018 | 2018-12-31 | 1.27 | 0.54 | +74.51% |
| Q3 2018 | 2018-09-30 | 1.74 | 1.00 | +134.87% |
| Q2 2018 | 2018-06-30 | 1.85 | 1.07 | +135.97% |
| Q1 2018 | 2018-03-31 | 1.70 | 0.89 | +110.10% |
| Q4 2017 | 2017-12-31 | 0.73 | −0.02 | −3.17% |
| Q3 2017 | 2017-09-30 | 0.74 | 0.73 | +7721.28% |
| Q2 2017 | 2017-06-30 | 0.78 | 0.76 | +3557.51% |
| Q1 2017 | 2017-03-31 | 0.81 | — | — |
| Q4 2016 | 2016-12-31 | 0.75 | 0.01 | +1.11% |
| Q3 2016 | 2016-09-30 | 0.01 | −0.73 | −98.72% |
| Q2 2016 | 2016-06-30 | 0.02 | −0.02 | −46.52% |
| Q4 2015 | 2015-12-31 | 0.74 | 0.40 | +117.53% |
| Q3 2015 | 2015-09-30 | 0.74 | 0.72 | +3531.21% |
| Q2 2015 | 2015-06-30 | 0.04 | — | — |
| Q1 2015 | 2015-03-31 | 0.01 | — | — |
| Q4 2014 | 2014-12-31 | 0.34 | −0.01 | −3.11% |
| Q3 2014 | 2014-09-30 | 0.02 | −0.24 | −92.32% |
| Q4 2013 | 2013-12-31 | 0.35 | 0.09 | +35.34% |
| Q3 2013 | 2013-09-30 | 0.26 | −0.01 | −2.62% |
| Q2 2013 | 2013-06-30 | 0.24 | −0.01 | −2.94% |
| Q1 2013 | 2013-03-31 | 0.25 | 0.01 | +4.49% |
| Q4 2012 | 2012-12-31 | 0.26 | −0.00 | −0.92% |
| Q3 2012 | 2012-09-30 | 0.27 | −0.02 | −5.32% |
| Q2 2012 | 2012-06-30 | 0.25 | −0.04 | −14.33% |
| Q1 2012 | 2012-03-31 | 0.24 | −0.02 | −6.10% |
| Q4 2011 | 2011-12-31 | 0.26 | −0.00 | −1.25% |
| Q3 2011 | 2011-09-30 | 0.29 | −0.02 | −5.54% |
| Q2 2011 | 2011-06-30 | 0.29 | −0.04 | −13.08% |
| Q1 2011 | 2011-03-31 | 0.26 | −0.06 | −19.09% |
| Q4 2010 | 2010-12-31 | 0.27 | −0.05 | −15.78% |
| Q3 2010 | 2010-09-30 | 0.30 | −0.03 | −9.29% |
| Q2 2010 | 2010-06-30 | 0.33 | 0.03 | +9.22% |
| Q1 2010 | 2010-03-31 | 0.32 | — | — |
| Q4 2009 | 2009-12-31 | 0.32 | −0.02 | −6.83% |
| Q3 2009 | 2009-09-30 | 0.34 | — | — |
| Q2 2009 | 2009-06-30 | 0.31 | — | — |
| Q4 2008 | 2008-12-31 | 0.34 | — | — |
Cvs Health debt-to-equity ratio trends
Over the last five fiscal years, Cvs Health's debt-to-equity ratio decreased from 1.23 to 1.06, a change of −0.16. The latest reported quarter, Q2 2026, shows 0.93.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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