Humana Inc (HUM)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 46,479,000 | 50,007,000 | 50,093,000 | 50,091,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 16,375,000 | 17,565,000 | 16,671,000 | 16,130,000 | 16,262,000 | 16,949,000 | 16,834,000 | 16,577,000 | 15,311,000 | 16,254,000 | 15,490,000 | 15,319,000 | 16,080,000 | 16,260,000 | 14,843,000 | 14,190,000 | 13,728,000 | 15,768,000 | 14,416,000 | 12,355,000 |
| Financial leverage ratio | 2.84 | 2.85 | 3.00 | 3.11 | 2.89 | 3.30 | 3.35 | 3.30 | 2.81 | 3.12 | 3.02 | 3.02 | 2.76 | 2.79 | 2.56 | 2.64 | 2.55 | 2.44 | 2.67 | 2.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $46,479,000K ÷ $16,375,000K
= 2.84
The financial leverage ratio of Humana Inc has shown fluctuations over the reporting periods provided. The ratio stood at 2.80 as of March 31, 2020, and gradually declined to 2.44 by September 30, 2020, indicating a decreasing trend in leverage during that period. However, from December 31, 2020, to March 31, 2022, the ratio gradually increased from 2.55 to 3.02, suggesting an increase in leverage and potentially greater reliance on debt financing.
During the subsequent periods, the financial leverage ratio continued to fluctuate, with a peak of 3.35 on June 30, 2023, and a low of 2.84 on December 31, 2024. The ratio exceeded 3 at various points, indicating higher debt levels relative to equity during those periods.
Overall, the financial leverage ratio of Humana Inc has displayed variability, with periods of increasing and decreasing leverage. Investors and analysts may want to closely monitor the company's leverage levels to assess its financial risk and ability to meet debt obligations in the long term.
Peer comparison
Dec 31, 2024