Stock Analysis on Net

Humana Inc. (NYSE:HUM)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Humana Inc., liquidity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 1.76 1.66 1.67 1.59 1.37 1.37 1.39 1.52 1.35 1.53 1.53 1.62 1.72 1.71 1.67 1.77 1.81 1.69 1.66 1.82 1.83 1.75 1.65
Quick ratio 1.40 1.37 1.35 1.24 1.15 1.16 1.18 1.20 1.13 1.21 1.21 1.20 1.32 1.28 1.26 1.37 1.47 1.35 1.29 1.47 1.51 1.36 1.32
Cash ratio 1.29 1.16 1.15 1.13 1.09 1.11 1.06 1.10 1.07 1.02 1.02 1.08 1.20 1.12 1.12 1.29 1.39 1.22 1.16 1.37 1.44 1.28 1.15

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Humana Inc. current ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Humana Inc. quick ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Humana Inc. cash ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Current Ratio

Humana Inc., current ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 32,926 32,858 32,796 29,986 38,253 38,759 37,532 26,183 33,711 27,217 26,840 24,893 25,815 25,790 25,526 23,641 27,031 27,868 24,551 19,888 20,324 20,160 19,673
Current liabilities 18,727 19,790 19,689 18,872 27,823 28,279 26,942 17,178 25,051 17,839 17,532 15,331 15,027 15,051 15,300 13,394 14,905 16,455 14,830 10,929 11,106 11,539 11,927
Liquidity Ratio
Current ratio1 1.76 1.66 1.67 1.59 1.37 1.37 1.39 1.52 1.35 1.53 1.53 1.62 1.72 1.71 1.67 1.77 1.81 1.69 1.66 1.82 1.83 1.75 1.65
Benchmarks
Current Ratio, Competitors2
Abbott Laboratories 1.60 1.68 1.60 1.64 1.74 1.64 1.68 1.63 1.86 2.01 1.85 1.85 1.83 1.79 1.75 1.72 1.70 1.57 1.43 1.44 1.54 1.68 1.58
Cigna Group 0.86 0.83 0.83 0.77 0.73 0.73 0.72 0.73 0.73 0.83 0.81 0.83 0.70 0.72 0.76 0.77 0.79 0.83 0.76 0.74 0.61 0.65 0.64
CVS Health Corp. 0.80 0.86 0.81 0.86 0.86 0.86 0.92 0.94 0.94 0.91 0.88 0.88 0.94 0.95 0.93 0.91 0.95 0.98 0.99 0.94 0.92 0.95 0.95
Elevance Health Inc. 1.50 1.49 1.37 1.44 1.41 1.44 1.43 1.40 1.35 1.36 1.36 1.47 1.48 1.49 1.57 1.55 1.59 1.64 1.53 1.65 1.70 1.64 1.61
Intuitive Surgical Inc. 4.30 5.15 5.55 4.76 5.31 5.22 5.26 4.40 5.10 5.36 5.22 5.08 5.58 5.99 6.71 6.86 7.04 6.38 4.96 4.53 4.64 5.04 5.44
Medtronic PLC 2.30 2.29 2.42 2.39 1.76 1.76 1.58 1.86 2.61 2.91 2.89 2.65 2.10 2.16 1.87 2.13 2.75 2.77 2.67 2.59 2.36 2.56 2.46
UnitedHealth Group Inc. 0.91 0.88 0.85 0.79 0.80 0.80 0.81 0.77 0.82 0.77 0.78 0.79 0.77 0.77 0.74 0.74 0.82 0.84 0.75 0.69 0.70 0.67 0.73

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 32,926 ÷ 18,727 = 1.76

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Humana Inc. current ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level.

Quick Ratio

Humana Inc., quick ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,116 5,501 5,910 4,694 15,148 16,214 13,735 5,061 13,558 5,153 4,864 3,394 4,304 3,378 3,877 4,673 7,985 7,163 6,054 4,054 5,527 4,778 3,877
Investment securities 19,033 17,424 16,697 16,626 15,145 15,251 14,932 13,881 13,124 13,037 13,092 13,192 13,719 13,471 13,251 12,554 12,741 12,836 11,104 10,972 10,430 9,991 9,876
Receivables, less allowances 2,144 4,090 3,925 2,035 1,824 1,429 3,107 1,674 1,609 3,369 3,174 1,814 1,879 2,438 2,196 1,138 1,135 2,238 2,009 1,056 848 904 1,955
Total quick assets 26,293 27,015 26,532 23,355 32,117 32,894 31,774 20,616 28,291 21,559 21,130 18,400 19,902 19,287 19,324 18,365 21,861 22,237 19,167 16,082 16,805 15,673 15,708
 
Current liabilities 18,727 19,790 19,689 18,872 27,823 28,279 26,942 17,178 25,051 17,839 17,532 15,331 15,027 15,051 15,300 13,394 14,905 16,455 14,830 10,929 11,106 11,539 11,927
Liquidity Ratio
Quick ratio1 1.40 1.37 1.35 1.24 1.15 1.16 1.18 1.20 1.13 1.21 1.21 1.20 1.32 1.28 1.26 1.37 1.47 1.35 1.29 1.47 1.51 1.36 1.32
Benchmarks
Quick Ratio, Competitors2
Abbott Laboratories 1.00 1.02 0.95 1.00 1.04 1.00 1.07 1.06 1.22 1.33 1.21 1.28 1.25 1.19 1.16 1.14 1.01 0.93 0.83 0.88 0.93 0.98 0.94
Cigna Group 0.61 0.60 0.58 0.54 0.61 0.61 0.59 0.58 0.61 0.52 0.48 0.48 0.58 0.59 0.64 0.66 0.46 0.50 0.42 0.41 0.51 0.53 0.53
CVS Health Corp. 0.54 0.60 0.54 0.59 0.60 0.59 0.61 0.62 0.64 0.62 0.54 0.55 0.59 0.58 0.54 0.53 0.58 0.63 0.60 0.52 0.52 0.54 0.55
Elevance Health Inc. 1.34 1.32 1.23 1.30 1.29 1.32 1.31 1.27 1.21 1.22 1.23 1.33 1.33 1.35 1.43 1.42 1.45 1.49 1.37 1.52 1.58 1.51 1.49
Intuitive Surgical Inc. 3.21 3.94 4.31 3.83 4.44 4.36 4.30 3.56 4.19 4.49 4.40 4.34 4.66 5.12 5.76 5.96 5.93 5.40 4.00 3.75 3.80 4.15 4.53
Medtronic PLC 1.46 1.42 1.51 1.54 1.18 1.18 1.01 1.30 1.87 2.07 2.06 1.91 1.58 1.63 1.37 1.50 2.05 2.02 1.95 1.90 1.69 1.88 1.83
UnitedHealth Group Inc. 0.83 0.81 0.79 0.73 0.75 0.74 0.75 0.70 0.77 0.71 0.72 0.72 0.71 0.71 0.68 0.68 0.75 0.76 0.66 0.63 0.64 0.62 0.66

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 26,293 ÷ 18,727 = 1.40

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Humana Inc. quick ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Cash Ratio

Humana Inc., cash ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 5,116 5,501 5,910 4,694 15,148 16,214 13,735 5,061 13,558 5,153 4,864 3,394 4,304 3,378 3,877 4,673 7,985 7,163 6,054 4,054 5,527 4,778 3,877
Investment securities 19,033 17,424 16,697 16,626 15,145 15,251 14,932 13,881 13,124 13,037 13,092 13,192 13,719 13,471 13,251 12,554 12,741 12,836 11,104 10,972 10,430 9,991 9,876
Total cash assets 24,149 22,925 22,607 21,320 30,293 31,465 28,667 18,942 26,682 18,190 17,956 16,586 18,023 16,849 17,128 17,227 20,726 19,999 17,158 15,026 15,957 14,769 13,753
 
Current liabilities 18,727 19,790 19,689 18,872 27,823 28,279 26,942 17,178 25,051 17,839 17,532 15,331 15,027 15,051 15,300 13,394 14,905 16,455 14,830 10,929 11,106 11,539 11,927
Liquidity Ratio
Cash ratio1 1.29 1.16 1.15 1.13 1.09 1.11 1.06 1.10 1.07 1.02 1.02 1.08 1.20 1.12 1.12 1.29 1.39 1.22 1.16 1.37 1.44 1.28 1.15
Benchmarks
Cash Ratio, Competitors2
Abbott Laboratories 0.52 0.52 0.47 0.53 0.54 0.57 0.66 0.66 0.74 0.75 0.65 0.78 0.75 0.71 0.67 0.60 0.46 0.46 0.34 0.38 0.41 0.37 0.36
Cigna Group 0.12 0.14 0.18 0.18 0.20 0.22 0.20 0.17 0.19 0.11 0.12 0.14 0.13 0.15 0.24 0.32 0.15 0.20 0.13 0.14 0.17 0.17 0.20
CVS Health Corp. 0.11 0.20 0.16 0.14 0.20 0.21 0.24 0.23 0.28 0.22 0.16 0.18 0.20 0.17 0.15 0.18 0.19 0.27 0.21 0.15 0.14 0.17 0.16
Elevance Health Inc. 0.90 0.86 0.82 0.87 0.90 0.92 0.91 0.86 0.87 0.86 0.86 0.95 0.97 0.97 1.08 1.04 1.04 1.10 0.95 1.08 1.14 1.07 1.04
Intuitive Surgical Inc. 2.52 3.20 3.49 3.15 3.86 3.77 3.59 2.90 3.50 3.78 3.58 3.66 3.98 4.42 5.04 5.30 5.27 4.85 3.44 3.13 3.11 3.37 3.79
Medtronic PLC 0.85 0.80 0.87 0.88 0.77 0.79 0.63 0.85 1.26 1.37 1.36 1.27 1.17 1.18 0.99 1.06 1.33 1.27 1.25 1.16 1.03 1.20 1.21
UnitedHealth Group Inc. 0.37 0.33 0.35 0.34 0.42 0.44 0.43 0.36 0.46 0.36 0.37 0.36 0.35 0.35 0.33 0.33 0.37 0.42 0.35 0.28 0.30 0.32 0.32

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 24,149 ÷ 18,727 = 1.29

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Humana Inc. cash ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.