UnitedHealth Group Incorporated (UNH)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 298,278,000 | 273,720,000 | 245,705,000 | 212,206,000 | 197,289,000 |
| Total stockholders’ equity | US$ in thousands | 92,658,000 | 88,756,000 | 77,772,000 | 71,760,000 | 65,491,000 |
| Financial leverage ratio | 3.22 | 3.08 | 3.16 | 2.96 | 3.01 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $298,278,000K ÷ $92,658,000K
= 3.22
The financial leverage ratio of UnitedHealth Group Incorporated has shown fluctuations over the past five years. The ratio decreased from 3.01 as of December 31, 2020, to 2.96 as of December 31, 2021. However, it then increased to 3.16 as of December 31, 2022 and further to 3.22 as of December 31, 2024, indicating that the company's reliance on debt to finance its operations has been on the rise since 2021. Notably, the ratio decreased slightly to 3.08 as of December 31, 2023, suggesting a temporary moderation in the increase in leverage during that period. Overall, the trend in the financial leverage ratio suggests that UnitedHealth Group's debt levels have been fluctuating, and investors may wish to carefully monitor the company's debt management strategies and financial health in response to these changes.
Peer comparison
Dec 31, 2024