Humana Inc (HUM)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,221,000K
+ $18,214,000K
+ $—K)
÷ $16,276,000K
= 1.26
The quick ratio of Humana Inc has shown fluctuations over the years based on the provided data. The quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets.
From March 31, 2020, to December 31, 2022, the quick ratio remained relatively stable, fluctuating between 1.04 and 1.40, indicating a healthy ratio above 1. This suggests that the company had an adequate level of liquid assets to cover its short-term liabilities during this period.
However, from March 31, 2023, to September 30, 2024, we observed some variations in the quick ratio, ranging from 1.04 to 1.29. Although the ratio remained above 1 during this period, the fluctuations may indicate changes in the company's liquidity position.
Overall, the quick ratio of Humana Inc provides insight into its short-term liquidity management and its ability to meet immediate financial obligations. It is important for the company to carefully monitor its quick ratio and ensure it maintains a level that supports financial stability and operational efficiency.
Peer comparison
Dec 31, 2024