UnitedHealth Group Incorporated (UNH)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 25,312,000 | 32,400,000 | 26,286,000 | 28,414,000 | 25,427,000 | 38,915,000 | 46,279,000 | 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 |
| Short-term investments | US$ in thousands | 3,801,000 | 4,734,000 | 5,037,000 | 4,296,000 | 4,201,000 | 5,182,000 | 46,279,000 | 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 |
| Total current liabilities | US$ in thousands | 103,769,000 | 101,565,000 | 104,670,000 | 104,431,000 | 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 |
| Cash ratio | 0.28 | 0.37 | 0.30 | 0.31 | 0.30 | 0.39 | 0.82 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($25,312,000K
+ $3,801,000K)
÷ $103,769,000K
= 0.28
The cash ratio of UnitedHealth Group Incorporated has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend in UnitedHealth's cash ratio indicates that the company had a relatively low cash ratio in the first few quarters of 2020, with the ratio ranging between 0.27 and 0.37. From March 31, 2021, to June 30, 2022, the ratio remained relatively stable in the range of 0.28 to 0.32, suggesting a consistent ability to cover short-term liabilities with available cash.
A notable increase in the cash ratio was observed in the second half of 2022, with the ratio reaching 0.42 by September 30, 2022, indicating a stronger liquidity position. However, the ratio dropped back to around 0.30 by December 31, 2024.
The highest cash ratio recorded was 0.82 on June 30, 2023, suggesting UnitedHealth had a significant amount of cash and cash equivalents relative to its short-term liabilities at that time.
Overall, the cash ratio analysis indicates that UnitedHealth Group Incorporated has maintained a reasonable level of liquidity throughout the period, with fluctuations in the ratio reflecting changes in the company's cash position and short-term liabilities.
Peer comparison
Dec 31, 2024