Humana Inc (HUM)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	16,375,000	16,262,000	15,311,000	16,080,000	13,728,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $16,375,000K)
= 0.00

The debt-to-capital ratio for Humana Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant portion of its capital structure during this period. A lower debt-to-capital ratio is generally considered positive as it suggests lower financial risk and reliance on borrowed funds. However, it's also important to consider other financial metrics and the company's overall financial health to assess its leverage position accurately.