CVS Health (CVS) Balance Sheet: Assets & Liabilities

CVS Health (CVS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), CVS Health reported total assets of $261.06B and total liabilities of $185.68B. Shareholders' equity was $75.21B, down 0.7% from $75.73B a year earlier. Total debt stood at $93.59B against $10.66B in cash and short-term investments, a net debt position of $82.94B. That puts debt-to-equity at 1.24, compared with 0.83 a year earlier.

CVS Health Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for CVS Health Corporation (CVS) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	8.51	8.59	8.20	12.95	9.41	7.85	5.68	4.06	1.70
Short-Term Investments	2.15	2.41	3.26	2.78	3.12	3.00	2.37	2.52	0.11
Cash & Short-Term Investments	10.66	10.99	11.46	15.72	12.53	10.85	8.06	6.58	1.81
Accounts Receivable	39.78	36.47	15.62	11.66	24.43	21.74	19.62	17.63	13.18
Inventory	19.25	18.11	18.03	19.09	17.76	18.50	17.52	16.45	15.30
Other Current Assets	5.03	3.08	3.15	2.64	5.29	5.28	5.11	4.58	0.95
Total Current Assets	74.71	68.65	67.86	65.63	60.01	56.37	50.30	45.24	31.23
Non-Current Assets
Property, Plant & Equipment (Net)	28.06	28.94	30.44	30.75	32.02	33.34	32.90	11.35	10.29
Long-Term Investments	32.87	28.93	23.02	21.10	23.03	20.81	17.31	15.73	0.11
Goodwill	85.48	91.27	91.27	78.15	79.12	79.55	79.75	78.68	38.45
Intangible Assets	25.51	27.32	29.23	24.80	29.03	31.14	33.12	36.52	13.63
Other Non-Current Assets	6.91	8.10	4.66	4.62	9.80	9.51	9.06	8.93	1.42
Total Non-Current Assets	186.35	184.57	181.87	162.64	172.99	174.35	172.15	151.21	63.90
Total Assets	261.06	253.22	249.73	228.28	233.00	230.72	222.45	196.46	95.13
Current Liabilities
Accounts Payable	59.38	15.89	14.90	14.84	12.54	11.14	10.49	8.93	8.86
Short-Term Debt	5.81	2.12	2.97	1.78	4.16	7.08	5.38	1.99	4.82
Current Portion of Long-Term Debt	4.07	3.62	2.77	1.72	4.21	-	-	-	-
Accrued Liabilities	64.13	60.04	23.52	18.75	43.81	-	-	-	-
Deferred Revenue	0.06	0.14	0.00	0.00	0.09	0.00	0.00	0.00	0.00
Other Current Liabilities	23.44	1.18	1.14	2.82	5.60	43.80	37.43	33.10	16.96
Total Current Liabilities	88.69	84.61	79.19	69.42	67.81	62.02	53.30	44.01	30.65
Non-Current Liabilities
Long-Term Debt	87.79	60.53	58.64	50.48	51.97	77.96	83.63	71.44	22.18
Deferred Tax Liabilities	11.36	3.81	4.31	4.02	6.27	6.79	7.29	7.68	3.00
Other Non-Current Liabilities	-2.16	17.45	11.67	12.57	19.66	14.24	14.06	14.78	1.61
Total Non-Current Liabilities	96.99	92.88	93.90	87.09	89.81	99.00	104.98	93.90	26.79
Total Liabilities	185.68	177.49	173.09	156.51	157.62	161.01	158.28	137.91	57.44
Stockholders' Equity
Common Stock	0.02	0.02	48.99	48.19	0.02	46.51	45.97	45.44	32.10
Retained Earnings	61.20	62.84	61.60	56.40	54.91	49.64	45.11	40.91	43.56
Accumulated Other Comprehensive Income	0.41	-0.12	-0.30	-1.26	0.97	1.41	1.02	0.10	-0.17
Treasury Stock	36.79	36.82	33.84	31.86	-	-	-	-	-
Additional Paid-in Capital	13.59	12.83	-33.84	-31.86	-28.17	-28.18	-28.24	-28.23	-37.80
Minority Interest	0.17	0.17	0.18	0.30	0.31	0.31	0.31	0.32	0.00
Shares Outstanding	1.27	1.26	1.29	1.30	-	-	-	-	-
Total Stockholders' Equity	75.21	75.73	76.46	71.47	75.38	69.39	63.86	58.23	37.69
Total Liabilities & Equity	261.06	253.22	249.73	228.28	233.00	230.72	222.45	196.46	95.13

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CVS Health Balance Sheet

How much debt does CVS Health have?

CVS Health had total debt of $93.59B as of Dec 31, 2025, against $10.66B in cash and short-term investments. Its debt-to-equity ratio was 1.24. Total debt was $62.65B a year earlier.

What are CVS Health's total assets?

CVS Health reported total assets of $261.06B as of Dec 31, 2025, up 3.1% from $253.22B a year earlier. Total liabilities were $185.68B.

What is CVS Health's shareholders' equity?

CVS Health's shareholders' equity was $75.21B as of Dec 31, 2025, or about $59.18 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition