Humana Inc (HUM)

Solvency ratios

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
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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

Humana Inc's solvency ratios show a strong financial position with consistently low debt levels in relation to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00 across various reporting periods, indicating that the company's debt obligations are minimal compared to its total assets, capital, and equity.

However, the financial leverage ratio has shown some fluctuations over time, ranging from 2.44 to 3.35. This ratio compares the company's total assets to its equity and indicates the extent to which the company relies on debt financing. Despite some variability, the financial leverage ratio generally remained within a reasonable range, reflecting a balanced approach to capital structure.

Overall, based on the solvency ratios analyzed, Humana Inc appears to have a healthy financial position with a conservative level of debt and a stable capital structure, which may indicate lower financial risk and strong ability to meet its financial obligations.


Coverage ratios

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
Interest coverage 3.88 4.29 5.51 6.55 8.14 9.66 10.37 10.33 9.90 10.31 11.61 11.27 11.48 10.98 11.90 17.47 17.77 21.32 18.51 14.25

The interest coverage ratio of Humana Inc has shown fluctuations over the years based on the provided data. The ratio indicates the company's ability to meet its interest payments on outstanding debt using its operating income.

From March 31, 2020, to September 30, 2021, the interest coverage ratio increased steadily, reaching its peak of 21.32 on September 30, 2020, reflecting a strong ability to cover interest expenses. However, from June 30, 2021, the ratio began to decline, dropping to 10.98 by September 30, 2021, indicating a potential decrease in the company's ability to meet its interest obligations from operating income.

The ratio continued to fluctuate between 2021 and 2024, generally showing a decreasing trend. By December 31, 2024, the interest coverage ratio had fallen to 3.88, which may raise concerns about the company's ability to cover interest expenses with its operating income.

Overall, the declining trend in Humana Inc's interest coverage ratio from 2021 to 2024 suggests a potential strain on the company's financial position in meeting its interest obligations through operating income. Investors and analysts may monitor this ratio closely to assess the company's financial health and ability to service its debt.


See also:

Humana Inc Solvency Ratios (Quarterly Data)