UnitedHealth Group Incorporated (UNH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 58,263,000 | 54,513,000 | 42,383,000 | 38,648,000 | 36,808,000 |
| Total assets | US$ in thousands | 273,720,000 | 245,705,000 | 212,206,000 | 197,289,000 | 173,889,000 |
| Debt-to-assets ratio | 0.21 | 0.22 | 0.20 | 0.20 | 0.21 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $58,263,000K ÷ $273,720,000K
= 0.21
The debt-to-assets ratio of UnitedHealth Group Inc has remained relatively stable over the past five years, fluctuating between 0.22 and 0.23. This indicates that the company finances a small portion of its assets through debt compared to its total assets. A lower debt-to-assets ratio is generally viewed positively as it suggests a lower financial risk for the company, as it relies less on debt to fund its operations and investments. UnitedHealth Group Inc's consistent debt-to-assets ratio in the range of 0.22 to 0.23 over the years suggests a prudent approach to managing its debt levels relative to its assets.
Peer comparison
Dec 31, 2023