UnitedHealth Group Incorporated (UNH)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 273,720,000 | 245,705,000 | 212,206,000 | 197,289,000 | 173,889,000 |
| Total stockholders’ equity | US$ in thousands | 98,919,000 | 86,347,000 | 76,479,000 | 70,539,000 | 62,162,000 |
| Financial leverage ratio | 2.77 | 2.85 | 2.77 | 2.80 | 2.80 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $273,720,000K ÷ $98,919,000K
= 2.77
The financial leverage ratio of Unitedhealth Group Inc has shown some fluctuation over the past five years. It increased from 2.96 in 2021 to 3.16 in 2022, indicating higher reliance on debt to finance operations. However, in 2023, the ratio decreased to 3.08, suggesting a slight improvement in the company's debt utilization. Despite the fluctuations, the ratio has generally remained above 3, reflecting that the company has been using a significant amount of debt to fund its operations and investments. Investors may want to closely monitor Unitedhealth Group Inc's debt levels and assess the company's ability to manage its debt effectively in the future.
Peer comparison
Dec 31, 2023