UnitedHealth Group Incorporated (UNH)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 25,427,000 | 23,365,000 | 21,375,000 | 16,921,000 | 10,985,000 |
| Short-term investments | US$ in thousands | 4,201,000 | 4,546,000 | 2,532,000 | 2,860,000 | 3,260,000 |
| Total current liabilities | US$ in thousands | 99,054,000 | 89,237,000 | 78,292,000 | 72,420,000 | 61,782,000 |
| Cash ratio | 0.30 | 0.31 | 0.31 | 0.27 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($25,427,000K
+ $4,201,000K)
÷ $99,054,000K
= 0.30
The cash ratio of UnitedHealth Group Inc has shown some fluctuations over the past five years. As of December 31, 2023, the company's cash ratio stands at 0.14, indicating that for every $1 of current liabilities, UnitedHealth has $0.14 in cash or cash equivalents to cover its short-term obligations.
Comparing this to the previous years, there was a slight decrease from 0.17 in 2022 to 0.14 in 2023. This decline suggests that UnitedHealth Group Inc may have less liquid assets available to cover its short-term obligations in the most recent period.
Overall, a cash ratio of 0.14 indicates that UnitedHealth Group Inc may have a relatively lower level of liquidity compared to its current liabilities, highlighting the importance of monitoring the company's ability to generate sufficient cash flow to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023