Humana Inc (HUM)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,221,000 | 5,116,000 | 5,501,000 | 5,910,000 | 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 |
| Short-term investments | US$ in thousands | 18,214,000 | 19,033,000 | 17,424,000 | 16,697,000 | 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 |
| Total current liabilities | US$ in thousands | 16,276,000 | 18,727,000 | 19,790,000 | 19,689,000 | 18,872,000 | 27,823,000 | 28,279,000 | 26,942,000 | 17,178,000 | 25,051,000 | 17,369,000 | 17,244,000 | 15,074,000 | 14,750,000 | 14,728,000 | 14,975,000 | 13,076,000 | 14,820,000 | 16,392,000 | 16,221,000 |
| Cash ratio | 1.26 | 1.29 | 1.16 | 1.15 | 1.13 | 1.09 | 1.11 | 1.06 | 1.10 | 1.07 | 1.05 | 1.04 | 1.10 | 1.22 | 1.14 | 1.14 | 1.32 | 1.40 | 1.22 | 1.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,221,000K
+ $18,214,000K)
÷ $16,276,000K
= 1.26
The cash ratio for Humana Inc has shown consistent fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
Humana's cash ratio started at 1.06 on March 31, 2020, and peaked at 1.40 on September 30, 2020, indicating a strong ability to cover its short-term obligations with cash assets. The ratio then fluctuated between 1.04 and 1.29 in the subsequent quarters, suggesting a stable cash position relative to short-term liabilities.
Overall, the cash ratio for Humana Inc remained above 1 throughout the period, indicating that the company had enough cash on hand to cover its immediate financial obligations. The slight fluctuations in the ratio can be attributed to changes in cash balances and short-term liabilities over time. Monitoring the cash ratio provides insights into the company's liquidity position and its ability to manage short-term financial commitments effectively.
Peer comparison
Dec 31, 2024