UnitedHealth Group Incorporated (UNH)

Debt-to-assets 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
Long-term debt	US$ in thousands	58,263,000	58,079,000	59,268,000	60,657,000	54,513,000	45,438,000	45,799,000	40,796,000	42,383,000	43,345,000	44,348,000	37,420,000	38,648,000	39,895,000	39,901,000	35,779,000	36,808,000	38,507,000	34,473,000	34,419,000
Total assets	US$ in thousands	273,720,000	282,063,000	280,164,000	283,679,000	245,705,000	243,064,000	230,172,000	221,238,000	212,206,000	213,045,000	210,292,000	205,171,000	197,289,000	190,969,000	192,483,000	189,067,000	173,889,000	173,709,000	167,200,000	161,197,000
Debt-to-assets ratio		0.21	0.21	0.21	0.21	0.22	0.19	0.20	0.18	0.20	0.20	0.21	0.18	0.20	0.21	0.21	0.19	0.21	0.22	0.21	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 for UnitedHealth Group Inc has been relatively stable over the past eight quarters, ranging from 0.20 to 0.25. This ratio indicates that, on average, the company finances about 20-25% of its total assets through debt. A lower debt-to-assets ratio generally suggests a lower financial risk as the company relies less on debt for its operations.

The slight increase in the debt-to-assets ratio from Q1 2023 to Q4 2023 may indicate a slight increase in the company's reliance on debt financing during this period. However, overall, the company has maintained a moderate level of debt relative to its asset base, which could be perceived positively by investors and creditors.

It would be important to further analyze the company's overall debt levels, cash flow, and profitability metrics to gain a more comprehensive understanding of its financial health and ability to manage its debt obligations effectively.