UnitedHealth Group Incorporated (UNH)

Cash 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
Cash and cash equivalents	US$ in thousands	25,427,000	38,915,000	41,813,000	41,913,000	23,365,000	38,845,000	24,612,000	25,482,000	21,375,000	21,085,000	19,832,000	19,955,000	16,921,000	17,550,000	22,327,000	21,569,000	10,985,000	12,363,000	13,745,000	12,407,000
Short-term investments	US$ in thousands	4,201,000	5,182,000	4,466,000	4,584,000	4,546,000	3,682,000	3,352,000	2,914,000	2,532,000	2,786,000	2,729,000	2,962,000	2,860,000	3,259,000	3,266,000	2,876,000	3,260,000	3,455,000	3,524,000	3,303,000
Total current liabilities	US$ in thousands	99,054,000	114,179,000	112,981,000	116,482,000	89,237,000	100,935,000	88,698,000	88,170,000	78,292,000	79,575,000	76,557,000	80,641,000	72,420,000	66,597,000	69,883,000	78,606,000	61,782,000	62,641,000	62,328,000	58,933,000
Cash ratio		0.30	0.39	0.41	0.40	0.31	0.42	0.32	0.32	0.31	0.30	0.29	0.28	0.27	0.31	0.37	0.31	0.23	0.25	0.28	0.27

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 measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

Unitedhealth Group Inc's cash ratio has shown some fluctuations over the past few quarters. In Q4 2023, the cash ratio was 0.14, slightly higher than the previous quarter but lower compared to Q4 2022. This suggests that the company may have improved its liquidity position relative to the previous quarter but is not as strong as it was a year ago.

Overall, the cash ratio has been hovering around 0.12 to 0.17 over the past eight quarters, indicating that Unitedhealth Group Inc generally maintains a moderate level of liquidity. However, it is important to consider other financial ratios and metrics to get a comprehensive view of the company's overall financial health and liquidity position.