CVS Balance Sheet Analysis From 2010 to 2024

CVS Stock

USD 69.75 1.03 1.50%

Most indicators from CVS Health's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into CVS Health Corp current financial condition. On the other hand, looking into the entire matrix of financial 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 CVS Health Valuation and CVS Health Correlation analysis.

At this time, CVS Health's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.24 in 2024, whereas Tax Provision is likely to drop slightly above 2 B in 2024.

Most indicators from CVS Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVS Health Corp 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 CVS Health Valuation and CVS Health Correlation analysis.

	2021	2022	2023	2024 (projected)
Operating Income	13.2B	16.3B	13.7B	14.4B
Other Operating Expenses	277.1B	306.4B	601.0B	631.0B

Operating Income Other Operating Expenses

CVS Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Good Will
Total Assets		0.98	0.06	0.98	0.97	0.94	0.97	0.91	0.87	1.0	0.93	0.93	0.94	0.44	0.98	0.88	0.88	-0.93	1.0	0.77	0.98	0.83	0.95	0.94	0.96	0.99
Short Long Term Debt Total	0.98		0.0	0.93	0.91	0.92	1.0	0.85	0.81	0.99	0.96	0.88	0.87	0.36	1.0	0.84	0.93	-0.96	0.99	0.74	0.93	0.84	0.97	0.87	0.97	0.98
Other Current Liab	0.06	0.0		0.11	0.1	0.09	-0.05	0.21	0.4	0.03	0.02	0.28	0.09	0.25	0.01	0.27	-0.15	-0.07	0.05	-0.28	0.17	-0.03	-0.05	0.26	0.0	0.04
Total Current Liabilities	0.98	0.93	0.11		0.95	0.93	0.91	0.94	0.9	0.97	0.85	0.94	0.98	0.37	0.93	0.86	0.79	-0.93	0.97	0.8	0.99	0.83	0.87	0.97	0.93	0.97
Total Stockholder Equity	0.97	0.91	0.1	0.95		0.92	0.89	0.94	0.86	0.96	0.89	0.9	0.93	0.61	0.91	0.92	0.81	-0.82	0.94	0.75	0.97	0.78	0.9	0.94	0.89	0.96
Property Plant And Equipment Net	0.94	0.92	0.09	0.93	0.92		0.9	0.85	0.89	0.94	0.84	0.92	0.88	0.5	0.9	0.81	0.83	-0.85	0.93	0.76	0.93	0.88	0.82	0.89	0.9	0.9
Net Debt	0.97	1.0	-0.05	0.91	0.89	0.9		0.83	0.76	0.98	0.95	0.84	0.85	0.35	0.99	0.83	0.94	-0.95	0.98	0.74	0.91	0.84	0.98	0.84	0.96	0.97
Retained Earnings	0.91	0.85	0.21	0.94	0.94	0.85	0.83		0.82	0.89	0.78	0.84	0.95	0.5	0.83	0.96	0.68	-0.8	0.89	0.74	0.96	0.8	0.82	0.99	0.78	0.92
Cash	0.87	0.81	0.4	0.9	0.86	0.89	0.76	0.82		0.85	0.77	0.99	0.85	0.44	0.81	0.76	0.68	-0.82	0.86	0.56	0.91	0.67	0.72	0.88	0.85	0.83
Non Current Assets Total	1.0	0.99	0.03	0.97	0.96	0.94	0.98	0.89	0.85		0.95	0.91	0.92	0.43	0.99	0.87	0.91	-0.94	1.0	0.76	0.96	0.83	0.96	0.91	0.97	0.99
Non Currrent Assets Other	0.93	0.96	0.02	0.85	0.89	0.84	0.95	0.78	0.77	0.95		0.84	0.77	0.45	0.97	0.82	0.97	-0.89	0.94	0.57	0.86	0.76	0.98	0.78	0.94	0.93
Cash And Short Term Investments	0.93	0.88	0.28	0.94	0.9	0.92	0.84	0.84	0.99	0.91	0.84		0.89	0.41	0.88	0.78	0.76	-0.88	0.92	0.63	0.94	0.73	0.8	0.9	0.92	0.89
Net Receivables	0.94	0.87	0.09	0.98	0.93	0.88	0.85	0.95	0.85	0.92	0.77	0.89		0.35	0.87	0.84	0.68	-0.87	0.93	0.84	0.98	0.75	0.82	0.97	0.87	0.94
Common Stock Shares Outstanding	0.44	0.36	0.25	0.37	0.61	0.5	0.35	0.5	0.44	0.43	0.45	0.41	0.35		0.37	0.63	0.37	-0.15	0.38	0.24	0.46	0.36	0.41	0.46	0.3	0.43
Non Current Liabilities Total	0.98	1.0	0.01	0.93	0.91	0.9	0.99	0.83	0.81	0.99	0.97	0.88	0.87	0.37		0.83	0.93	-0.95	0.99	0.72	0.92	0.8	0.98	0.86	0.97	0.98
Inventory	0.88	0.84	0.27	0.86	0.92	0.81	0.83	0.96	0.76	0.87	0.82	0.78	0.84	0.63	0.83		0.72	-0.74	0.86	0.62	0.91	0.77	0.85	0.92	0.74	0.89
Other Current Assets	0.88	0.93	-0.15	0.79	0.81	0.83	0.94	0.68	0.68	0.91	0.97	0.76	0.68	0.37	0.93	0.72		-0.86	0.89	0.56	0.78	0.81	0.93	0.68	0.91	0.87
Other Stockholder Equity	-0.93	-0.96	-0.07	-0.93	-0.82	-0.85	-0.95	-0.8	-0.82	-0.94	-0.89	-0.88	-0.87	-0.15	-0.95	-0.74	-0.86		-0.96	-0.68	-0.9	-0.79	-0.9	-0.85	-0.96	-0.93
Total Liab	1.0	0.99	0.05	0.97	0.94	0.93	0.98	0.89	0.86	1.0	0.94	0.92	0.93	0.38	0.99	0.86	0.89	-0.96		0.77	0.97	0.83	0.95	0.92	0.97	0.99
Property Plant And Equipment Gross	0.77	0.74	-0.28	0.8	0.75	0.76	0.74	0.74	0.56	0.76	0.57	0.63	0.84	0.24	0.72	0.62	0.56	-0.68	0.77		0.77	0.68	0.67	0.75	0.7	0.78
Total Current Assets	0.98	0.93	0.17	0.99	0.97	0.93	0.91	0.96	0.91	0.96	0.86	0.94	0.98	0.46	0.92	0.91	0.78	-0.9	0.97	0.77		0.8	0.88	0.98	0.91	0.97
Short Term Debt	0.83	0.84	-0.03	0.83	0.78	0.88	0.84	0.8	0.67	0.83	0.76	0.73	0.75	0.36	0.8	0.77	0.81	-0.79	0.83	0.68	0.8		0.76	0.78	0.76	0.8
Intangible Assets	0.95	0.97	-0.05	0.87	0.9	0.82	0.98	0.82	0.72	0.96	0.98	0.8	0.82	0.41	0.98	0.85	0.93	-0.9	0.95	0.67	0.88	0.76		0.81	0.93	0.96
Accounts Payable	0.94	0.87	0.26	0.97	0.94	0.89	0.84	0.99	0.88	0.91	0.78	0.9	0.97	0.46	0.86	0.92	0.68	-0.85	0.92	0.75	0.98	0.78	0.81		0.83	0.93
Common Stock	0.96	0.97	0.0	0.93	0.89	0.9	0.96	0.78	0.85	0.97	0.94	0.92	0.87	0.3	0.97	0.74	0.91	-0.96	0.97	0.7	0.91	0.76	0.93	0.83		0.95
Good Will	0.99	0.98	0.04	0.97	0.96	0.9	0.97	0.92	0.83	0.99	0.93	0.89	0.94	0.43	0.98	0.89	0.87	-0.93	0.99	0.78	0.97	0.8	0.96	0.93	0.95

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CVS Health Account Relationship Matchups

CVS Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	222.4B	230.7B	233.0B	228.3B	249.7B	262.2B
Other Current Liab	4.8B	5.8B	5.6B	47.6B	2.5B	2.3B
Net Debt	83.3B	77.2B	66.6B	57.8B	71.2B	74.7B
Retained Earnings	45.1B	49.6B	54.9B	56.1B	61.6B	64.7B
Cash	5.7B	7.9B	9.4B	12.9B	8.2B	8.6B
Net Receivables	19.6B	21.7B	24.4B	27.3B	35.2B	37.0B
Inventory	17.5B	18.5B	17.8B	19.1B	18.0B	18.9B
Other Current Assets	5.1B	5.3B	5.3B	2.7B	3.2B	3.3B
Total Liab	158.3B	161.0B	157.6B	157.0B	173.1B	181.7B
Total Current Assets	50.3B	56.4B	60.0B	65.7B	67.9B	71.3B
Short Term Debt	5.4B	7.1B	5.9B	3.5B	4.7B	4.9B
Intangible Assets	33.1B	31.1B	29.0B	24.8B	29.2B	30.7B
Accounts Payable	10.5B	11.1B	12.5B	14.8B	14.9B	15.6B
Common Stock	46.0B	46.5B	47.4B	48.2B	49.0B	51.4B
Good Will	79.7B	79.6B	79.1B	78.2B	91.3B	95.8B
Other Liab	21.4B	21.0B	19.7B	19.9B	22.9B	24.1B
Other Assets	9.1B	51.0B	9.8B	7.6B	8.7B	4.8B
Long Term Debt	64.7B	59.2B	52.0B	50.5B	58.6B	61.6B
Treasury Stock	(28.2B)	(28.2B)	(28.2B)	(31.9B)	(28.7B)	(27.2B)
Net Tangible Assets	(49.0B)	(41.3B)	(33.1B)	71.0B	63.9B	67.1B
Long Term Debt Total	64.7B	59.2B	52.0B	50.5B	58.0B	34.0B

Pair Trading with CVS 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 CVS 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 CVS Health will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to CVS 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 CVS 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 CVS 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 CVS Health Corp to buy it.

The correlation of CVS 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 CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health Corp 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 CVS 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

When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:

How To Invest In CVS

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Is CVS Stock a good investment?

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What is CVS Health's Net Worth?

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Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out CVS Health Valuation and CVS Health Correlation analysis.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for CVS Stock analysis

When running CVS Health's price analysis, check to measure CVS 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 CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS 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 CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.

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Is CVS Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CVS Health. If investors know CVS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CVS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.10)

Dividend Share

2.42

Earnings Share

6.47

Revenue Per Share

277.528

Quarterly Revenue Growth

0.12

The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CVS Health's market value can be influenced by many factors that don't directly affect CVS Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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CVS Balance Sheet Analysis From 2010 to 2024

CVS Health fundamental ratios Correlations

CVS Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CVS Health fundamental ratios Accounts

Pair Trading with CVS Health

Complementary Tools for CVS Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Non Current Assets Total
Good Will	+ 0.99	Total Assets

Common Stock	- 0.96	Other Stockholder Equity
Total Liab	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.96	Short Long Term Debt Total
Other Stockholder Equity	- 0.95	Non Current Liabilities Total
Other Stockholder Equity	- 0.95	Net Debt
Other Stockholder Equity	- 0.94	Non Current Assets Total