Humana Inc (HUM)

Debt-to-assets 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
Long-term debt	US$ in thousands	10,213,000	9,483,000	9,722,000	9,743,000	9,034,000	7,798,000	11,290,000	11,285,000	10,541,000	11,466,000	6,063,000	6,062,000	6,060,000	6,059,000	6,058,000	6,057,000	4,967,000	5,365,000	4,377,000	4,376,000
Total assets	US$ in thousands	47,065,000	55,905,000	56,455,000	54,776,000	43,055,000	50,765,000	46,820,000	46,308,000	44,358,000	45,320,000	38,070,000	37,415,000	34,969,000	38,477,000	38,455,000	34,633,000	29,074,000	29,180,000	28,913,000	28,349,000
Debt-to-assets ratio		0.22	0.17	0.17	0.18	0.21	0.15	0.24	0.24	0.24	0.25	0.16	0.16	0.17	0.16	0.16	0.17	0.17	0.18	0.15	0.15

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,213,000K ÷ $47,065,000K
= 0.22

The debt-to-assets ratio of Humana Inc. has shown some fluctuation over the past eight quarters. In Q4 2023, the ratio increased to 0.26 from 0.21 in Q3 2023. This could indicate that the company took on more debt relative to its assets during this period. However, it is important to note that the ratio in Q4 2023 was still lower than the ratio in Q4 2022, which was 0.27.

Overall, the trend in the debt-to-assets ratio for Humana Inc. has been relatively stable, ranging from 0.21 to 0.29 over the past two years. This suggests that the company has been able to effectively manage its debt levels in relation to its total assets. A lower ratio typically indicates lower financial risk and a stronger balance sheet, while a higher ratio may suggest increased financial leverage and risk. Investors and stakeholders should continue to monitor this ratio to assess Humana Inc.'s financial health and risk profile.