CVS HEALTH Corp (CVS) bonds
CVSNYSERetail-Drug Stores and Proprietary StoresFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 19/3030% below fair value
$89.35−0.44 (-0.49%)
Close on Nov 13, 2026Market cap $114.28BP/E 10.4Yield 2.98%
Debt
Borrowings on the balance sheet, Sep 30, 2026
Total debt
$60.68B
$3.46B due within a year
Net debt
$48.94B
After $11.74B of cash
Implied interest rate
4.77%
FY2025 interest ÷ average debt
Interest coverage
1.5×
FY2025 operating income ÷ interest
Total debt by fiscal year
Long-term plus current debt, USD
When the debt comes due
Principal repayments of long-term debt by fiscal year, as scheduled at Dec 31, 2025
From the debt maturity table in the annual report (filing). “Later” is everything due after year five.
Notes and loans outstanding
As tagged in Cvs Health's 10-K for the period ended Dec 31, 2025
Coupon by maturity
Each circle is a note, sized by the amount issued. The line is what the US Treasury pays today for the same time to maturity.
| Issue | Coupon | Matures | Amount issued | Carrying value |
|---|---|---|---|---|
| 3.625% senior notes due April 2027 | 3.62% | Apr 30, 2027 | – | $750.00M |
| 6.25% senior notes due June 2027 | 6.25% | Jun 30, 2027 | – | $372.00M |
| 1.3% senior notes due August 2027 | 1.30% | Aug 31, 2027 | – | $2.25B |
| 4.3% senior notes due March 2028 | 4.30% | Mar 31, 2028 | – | $5.00B |
| 5% senior notes due January 2029 | 5.00% | Jan 31, 2029 | – | $1.00B |
| 5.4% senior notes due June 2029 | 5.40% | Jun 30, 2029 | $1.00B | $1.00B |
| 3.25% senior notes due August 2029 | 3.25% | Aug 31, 2029 | – | $1.75B |
| 5.125% senior notes due February 2030 | 5.12% | Feb 28, 2030 | – | $1.50B |
| 3.75% senior notes due April 2030 | 3.75% | Apr 30, 2030 | – | $1.50B |
| 1.75% senior notes due August 2030 | 1.75% | Aug 31, 2030 | – | $1.25B |
| 5.25% senior notes due January 2031 | 5.25% | Jan 31, 2031 | – | $750.00M |
| 1.875% senior notes due February 2031 | 1.87% | Feb 28, 2031 | – | $1.25B |
| 5.55% senior notes due June 2031 | 5.55% | Jun 30, 2031 | $1.00B | $1.00B |
| 2.125% senior notes due September 2031 | 2.13% | Sep 30, 2031 | – | $1.00B |
| 5% senior notes due September 2032 | 5.00% | Sep 30, 2032 | $750.00M | $750.00M |
| 5.25% senior notes due February 2033 | 5.25% | Feb 28, 2033 | – | $1.75B |
| 5.3% senior notes due June 2033 | 5.30% | Jun 30, 2033 | – | $1.25B |
| 5.7% senior notes due June 2034 | 5.70% | Jun 30, 2034 | $1.25B | $1.25B |
| 4.875% senior notes due July 2035 | 4.88% | Jul 31, 2035 | – | $652.00M |
| 5.45% senior notes due September 2035 | 5.45% | Sep 30, 2035 | $1.50B | $1.50B |
| 6.625% senior notes due June 2036 | 6.63% | Jun 30, 2036 | – | $771.00M |
| 6.75% senior notes due December 2037 | 6.75% | Dec 31, 2037 | – | $533.00M |
| 4.78% senior notes due March 2038 | 4.78% | Mar 31, 2038 | – | $5.00B |
| 6.125% senior notes due September 2039 | 6.12% | Sep 30, 2039 | – | $447.00M |
| 4.125% senior notes due April 2040 | 4.13% | Apr 30, 2040 | – | $602.00M |
| 2.7% senior notes due August 2040 | 2.70% | Aug 31, 2040 | – | $367.00M |
| 5.75% senior notes due May 2041 | 5.75% | May 31, 2041 | – | $133.00M |
| 4.5% senior notes due May 2042 | 4.50% | May 31, 2042 | – | $500.00M |
| 4.125% senior notes due November 2042 | 4.13% | Nov 30, 2042 | – | $226.00M |
| 5.3% senior notes due December 2043 | 5.30% | Dec 31, 2043 | – | $750.00M |
| 4.75% senior notes due March 2044 | 4.75% | Mar 31, 2044 | – | $375.00M |
| 6% senior notes due June 2044 | 6.00% | Jun 30, 2044 | $750.00M | $750.00M |
| 5.125% senior notes due July 2045 | 5.12% | Jul 31, 2045 | – | $3.50B |
| 3.875% senior notes due August 2047 | 3.87% | Aug 31, 2047 | – | $537.00M |
| 5.05% senior notes due March 2048 | 5.05% | Mar 31, 2048 | – | $8.00B |
| 4.25% senior notes due April 2050 | 4.25% | Apr 30, 2050 | – | $399.00M |
| 5.625% senior notes due February 2053 | 5.63% | Feb 28, 2053 | – | $1.25B |
| 5.875% senior notes due June 2053 | 5.87% | Jun 30, 2053 | – | $1.25B |
| 6.05% senior notes due June 2054 | 6.05% | Jun 30, 2054 | $1.00B | $1.00B |
| 6.75% series B junior subordinated notes due December 2054 | 6.75% | Dec 31, 2054 | $750.00M | $750.00M |
| 7% series A junior subordinated notes due March 2055 | 7.00% | Mar 31, 2055 | $2.25B | $2.25B |
| 6.2% senior notes due September 2055 | 6.20% | Sep 30, 2055 | $1.25B | $1.25B |
| 6% senior notes due June 2063 | 6.00% | Jun 30, 2063 | – | $750.00M |
| 6.25% senior notes due September 2065 | 6.25% | Sep 30, 2065 | $500.00M | $500.00M |
| 364-day Term Loan Agreement | – | – | $3.00B | $0 |
Companies tag their debt differently: some list every note, others group notes by issuance year or by type, so the list may not add up to total debt. Notes that matured before today are hidden. Source: 10-K.
Credit facilities
Revolving credit lines and other committed borrowing capacity
| Facility | Size | Drawn |
|---|---|---|
| Revolving Credit Facility, Expiring May 16, 2028 | $2.50B | $0 |
| Revolving Credit Facility, Expiring May 16, 2029 | $2.50B | $0 |
| Revolving Credit Facility, Expiring May 16, 2030 | $2.50B | $0 |
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