Clover Health Investments (CLOV) Operating Leases (2020 - 2024)
Clover Health Investments (CLOV) reported Operating Leases of $2.3 million for Q3 2024, down 29.5% on a YoY basis from $3.3 million in Q4 2023, and down 7.86% quarter-over-quarter from $2.5 million in Q2 2024.
Clover Health Investments (CLOV) Operating Leases (2020 - 2024) Analysis & Trends
Clover Health Investments has reported Operating Leases for 5 years, with the latest figure at $2.3 million in Q3 2024.
- For the quarter ending Q3 2024, Operating Leases fell 29.5% year-over-year to $2.3 million; the trailing twelve-month figure through Sep 2024 stood at $2.3 million (down 29.5% YoY), and the FY2023 full-year result was $3.0 million, down 25.66% from the prior year.
- Operating Leases for Q3 2024 stood at $2.3 million, down from $2.5 million in the prior quarter.
- The five-year high for Operating Leases was $9.3 million in Q2 2021, with the low at $2.3 million in Q3 2024.
- Historically, Operating Leases has averaged $4.3 million across 5 years, with a median of $4.0 million in 2022.
- The largest YoY upside for Operating Leases was 11.44% in 2022 against a maximum downside of 50.52% in 2022.
- Clover Health Investments' Operating Leases stood at $6.3 million in 2020, then decreased by 23.93% to $4.8 million in 2021, then slipped by 16.5% to $4.0 million in 2022, then retreated by 25.66% to $3.0 million in 2023, then dropped by 22.58% to $2.3 million in 2024.
- The last three Operating Leases figures came in at $2.3 million (Q3 2024), $2.5 million (Q2 2024), and $2.7 million (Q1 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2.32 Mn |
| Jun 30, 2024 | 2.52 Mn |
| Mar 31, 2024 | 2.72 Mn |
| Dec 31, 2023 | 3.00 Mn |
| Sep 30, 2023 | 3.29 Mn |
| Jun 30, 2023 | 3.61 Mn |
| Mar 31, 2023 | 3.91 Mn |
| Dec 31, 2022 | 4.03 Mn |
| Sep 30, 2022 | 4.27 Mn |
| Jun 30, 2022 | 4.59 Mn |
| Mar 31, 2022 | 4.95 Mn |
| Dec 31, 2021 | 4.83 Mn |
| Sep 30, 2021 | 4.82 Mn |
| Jun 30, 2021 | 9.28 Mn |
| Dec 31, 2020 | 6.35 Mn |