UnitedHealth Group Incorporated (UNH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 78,437,000 | 69,069,000 | 61,758,000 | 53,718,000 | 42,634,000 |
| Total current liabilities | US$ in thousands | 99,054,000 | 89,237,000 | 78,292,000 | 72,420,000 | 61,782,000 |
| Current ratio | 0.79 | 0.77 | 0.79 | 0.74 | 0.69 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $78,437,000K ÷ $99,054,000K
= 0.79
The current ratio of Unitedhealth Group Inc has fluctuated over the past five years, ranging from 0.69 to 0.79. The ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio below 1.0 indicates that the company may have difficulty meeting its short-term liabilities using its current assets.
In this case, the current ratio has generally been below 1.0, suggesting that Unitedhealth Group Inc may have faced challenges in using its current assets to cover its short-term obligations. While the ratio has shown some variability, it is important for stakeholders to monitor trends in the current ratio over time to assess the company's liquidity position. Further analysis of the company's current assets and liabilities would be necessary to understand the factors influencing the current ratio and its implications for Unitedhealth Group Inc's financial health.
Peer comparison
Dec 31, 2023