Humana Inc (HUM)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,694,000 | 15,148,000 | 16,214,000 | 13,735,000 | 5,061,000 | 13,558,000 | 5,153,000 | 4,864,000 | 3,394,000 | 4,304,000 | 3,378,000 | 3,877,000 | 4,673,000 | 7,985,000 | 7,163,000 | 6,054,000 | 4,054,000 | 5,527,000 | 4,778,000 | 3,877,000 |
| Short-term investments | US$ in thousands | 16,626,000 | 15,145,000 | 15,251,000 | 14,932,000 | 13,881,000 | 13,124,000 | 13,037,000 | 13,092,000 | 13,192,000 | 13,719,000 | 13,471,000 | 13,251,000 | 12,554,000 | 12,741,000 | 12,836,000 | 11,104,000 | 10,972,000 | 10,460,000 | 9,991,000 | 9,876,000 |
| Total current liabilities | US$ in thousands | 18,872,000 | 27,823,000 | 28,279,000 | 26,942,000 | 17,178,000 | 25,051,000 | 17,839,000 | 17,532,000 | 15,331,000 | 15,027,000 | 15,051,000 | 15,300,000 | 13,394,000 | 14,905,000 | 16,455,000 | 14,830,000 | 10,929,000 | 11,106,000 | 11,539,000 | 11,927,000 |
| Cash ratio | 1.13 | 1.09 | 1.11 | 1.06 | 1.10 | 1.07 | 1.02 | 1.02 | 1.08 | 1.20 | 1.12 | 1.12 | 1.29 | 1.39 | 1.22 | 1.16 | 1.37 | 1.44 | 1.28 | 1.15 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,694,000K
+ $16,626,000K)
÷ $18,872,000K
= 1.13
The cash ratio of Humana Inc. has exhibited fluctuations over the past 8 quarters, ranging from a low of 0.74 in Q3 2022 to a high of 1.23 in Q4 2023. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.
In the most recent quarter, Q4 2023, the cash ratio increased to 1.23, indicating an improvement in Humana Inc.'s liquidity position compared to previous quarters. This may suggest that the company has been able to generate more cash or manage its working capital more effectively.
However, it is essential to consider industry benchmarks and trends over time to gain a deeper understanding of the company's financial health and liquidity management. Additionally, further analysis of other liquidity ratios and financial indicators would provide a more comprehensive assessment of Humana Inc.'s overall financial performance.
Peer comparison
Dec 31, 2023