UnitedHealth Group Incorporated (UNH)

Debt-to-equity 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	92,658,000	99,881,000	84,801,000	86,688,000	88,756,000	84,494,000	82,353,000	81,312,000	77,772,000	74,646,000	72,820,000	72,766,000	71,760,000	70,278,000	69,014,000	66,404,000	65,491,000	65,231,000	63,624,000	56,977,000
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $92,658,000K
= 0.00

The debt-to-equity ratio of UnitedHealth Group Incorporated has consistently remained at 0.00 for all reported periods from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity, suggesting that it is primarily funded by equity capital rather than debt financing. This low ratio signifies a conservative financial structure with lower financial risk and a strong equity position relative to its debt obligations. Investors and analysts typically view a low debt-to-equity ratio favorably, as it implies financial stability and strong solvency.