Humana Inc (HUM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 29,986,000 | 38,253,000 | 38,759,000 | 37,532,000 | 26,183,000 | 33,711,000 | 27,217,000 | 26,840,000 | 24,893,000 | 25,815,000 | 25,790,000 | 25,526,000 | 23,641,000 | 27,031,000 | 27,868,000 | 24,551,000 | 19,888,000 | 20,324,000 | 20,160,000 | 19,673,000 |
| 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 |
| Current ratio | 1.59 | 1.37 | 1.37 | 1.39 | 1.52 | 1.35 | 1.53 | 1.53 | 1.62 | 1.72 | 1.71 | 1.67 | 1.77 | 1.81 | 1.69 | 1.66 | 1.82 | 1.83 | 1.75 | 1.65 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $29,986,000K ÷ $18,872,000K
= 1.59
Humana Inc.'s current ratio has shown some fluctuation over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.
In Q4 2023, the current ratio stood at 1.59, indicating that the company had $1.59 in current assets for every $1 in current liabilities. This ratio has increased steadily from the previous quarter and is higher compared to the same period in the previous year.
Although the current ratio decreased in Q3 2023 and Q2 2023, it remained above 1.3, signaling that Humana Inc. maintained a healthy liquidity position during these periods. However, the ratio improved in the following quarter, Q1 2023, reaching 1.39.
Looking back at Q4 2022, Humana Inc. reported a current ratio of 1.52, which was a slightly higher level of liquidity compared to the latest quarter. The pattern of the current ratio in the previous quarters also showed some variability but generally remained above 1.3, indicating the company's ability to meet its short-term obligations.
Overall, Humana Inc.'s current ratios over the past eight quarters suggest that the company has generally maintained a strong liquidity position, with the ability to cover its short-term liabilities with its current assets. It is important for investors and analysts to monitor these ratios to assess the company's financial health and short-term solvency.
Peer comparison
Dec 31, 2023