CVSCAUTIOUS

CVS Debt-to-Equity Ratio Analysis

0.77x

Updated 105h ago·SEC filings & market data

Key Takeaway

A debt-to-equity ratio of 0.77x means CVS uses 77 cents of debt for every dollar of shareholder equity, showing how much the company relies on borrowing versus owner-funded capital.

Sector Performance

52th percentile

CVS

0.77x

Sector Median

0.74x

Sector Avg

2.51x

Prior Period

0.81x(Aug 2026)

↑ Improving

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Deep Analysis

A debt-to-equity ratio of 0.77x means CVS uses 77 cents of debt for every dollar of shareholder equity, showing how much the company relies on borrowing versus owner-funded capital.

That level sits just above the sector median of 0.74x, placing CVS at the 52nd percentile among peers, so leverage is broadly in line with the industry. The year-over-year change is not available, but the ratio fell 4.9% quarter-over-quarter, dropping from 0.81x to 0.77x. Because the ratio is close to the sector median and moving downward, the company is not taking on extra debt and is slightly reducing financial risk. For an investor, this combination points to a stable leverage position with a mild improvement in balance-sheet flexibility. This metric supports the overall cautious verdict, as the ratio remains above the sector norm and the reduction is modest, leaving room for caution rather than confidence.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about CVS?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

Who are CVS's closest peers by Debt-to-Equity Ratio?

The closest peers by Debt-to-Equity Ratio include: TAP (0.76x), PCAR (0.72x), O (0.78x), PRU (0.78x), KIM (0.85x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

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The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.