Clover Health Investments (CLOV) Operating Leases (2020 - 2024)
Clover Health Investments (CLOV) posted Operating Leases of $2.3 million for Q3 2024, down 7.86% on a QoQ basis from $2.5 million in Q2 2024, and down 29.5% year-over-year from $3.3 million in Q4 2023.
Clover Health Investments (CLOV) Operating Leases (2020 - 2024) Analysis & Trends
Clover Health Investments' Operating Leases history runs 5 years deep, the most recent figure standing at $2.3 million for Q3 2024.
- Quarterly Operating Leases fell 29.5% year-over-year to $2.3 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $2.3 million (down 29.5% YoY) and the FY2023 annual result came in at $3.0 million, down 25.66% from the prior year.
- Operating Leases was $2.3 million for Q3 2024 at Clover Health Investments, down from $2.5 million in the prior quarter.
- Across five years, Operating Leases topped out at $9.3 million in Q2 2021 and bottomed at $2.3 million in Q3 2024.
- A 5-year average of $4.5 million and a median of $4.0 million in 2022 frame the typical range for Operating Leases.
- Peak annual rise in Operating Leases reached 16.5% in 2022, while the deepest fall reached 50.52% in 2022.
- Clover Health Investments' Operating Leases stood at $6.3 million in 2020, then dropped by 23.93% to $4.8 million in 2021, then declined by 16.5% to $4.0 million in 2022, then slipped by 25.66% to $3.0 million in 2023, then fell by 22.58% to $2.3 million in 2024.
- Business Quant data shows CLOV's Operating Leases at $2.3 million in Q3 2024, $2.5 million in Q2 2024, and $2.7 million in Q1 2024.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn |
| 10 | Clover Health Investments | 2.38 Bn | 2.18 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 | 8.55 Mn |
| Jun 30, 2021 | 9.28 Mn |
| Dec 31, 2020 | 6.35 Mn |