UnitedHealth Group Incorporated (UNH)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	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
Receivables	US$ in thousands	38,970,000	30,450,000	28,082,000	25,404,000	21,462,000
Total current liabilities	US$ in thousands	99,054,000	89,237,000	78,292,000	72,420,000	61,782,000
Quick ratio		0.69	0.65	0.66	0.62	0.58

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($25,427,000K + $4,201,000K + $38,970,000K) ÷ $99,054,000K
= 0.69

The quick ratio of Unitedhealth Group Inc has shown some variation over the past five years. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was 0.54 as of December 31, 2023. This indicates that for every dollar of current liabilities, Unitedhealth had $0.54 of quick assets available to cover those liabilities.

Comparing this to previous years, the quick ratio has been relatively stable, hovering around 0.51 to 0.52 from 2020 to 2023. This suggests that Unitedhealth's liquidity position has been consistent and that the company has been able to maintain a sufficient level of liquid assets to cover its short-term obligations.

While a quick ratio of 0.54 indicates that Unitedhealth may have a moderate ability to meet its short-term liabilities quickly, investors and analysts may want to further assess the company's liquidity position in conjunction with other financial ratios and factors to gain a more comprehensive understanding of its overall financial health.