Stock Analysis on Net
Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

Debt to Equity
since 2005

Microsoft Excel

Calculation

UnitedHealth Group Inc., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Shareholders’ equity attributable to UnitedHealth Group1
Dec 31, 2023 0.70 = 62,537 ÷ 88,756
Dec 31, 2022 0.74 = 57,623 ÷ 77,772
Dec 31, 2021 0.64 = 46,003 ÷ 71,760
Dec 31, 2020 0.66 = 43,467 ÷ 65,491
Dec 31, 2019 0.71 = 40,678 ÷ 57,616
Dec 31, 2018 0.71 = 36,554 ÷ 51,696
Dec 31, 2017 0.66 = 31,692 ÷ 47,776
Dec 31, 2016 0.86 = 32,970 ÷ 38,274
Dec 31, 2015 0.95 = 32,094 ÷ 33,830
Dec 31, 2014 0.54 = 17,406 ÷ 32,454
Dec 31, 2013 0.52 = 16,860 ÷ 32,149
Dec 31, 2012 0.54 = 16,754 ÷ 31,178
Dec 31, 2011 0.41 = 11,638 ÷ 28,292
Dec 31, 2010 0.43 = 11,142 ÷ 25,825
Dec 31, 2009 0.47 = 11,173 ÷ 23,606
Dec 31, 2008 0.62 = 12,794 ÷ 20,780
Dec 31, 2007 0.55 = 11,009 ÷ 20,063
Dec 31, 2006 0.36 = 7,456 ÷ 20,810
Dec 31, 2005 0.40 = 7,111 ÷ 17,733

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

UnitedHealth Group Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
UnitedHealth Group Inc. Abbott Laboratories Cigna Group CVS Health Corp. Elevance Health Inc. Humana Inc. Intuitive Surgical Inc. Medtronic PLC
Dec 31, 2023 0.70 0.38 0.67 0.81 0.64 0.74 0.00 0.47
Dec 31, 2022 0.74 0.46 0.69 0.74 0.66 0.75 0.00 0.46
Dec 31, 2021 0.64 0.50 0.71 0.75 0.64 0.80 0.00 0.51
Dec 31, 2020 0.66 0.57 0.65 0.93 0.60 0.51 0.00 0.49
Dec 31, 2019 0.71 0.58 0.83 1.07 0.63 0.49 0.00 0.51
Dec 31, 2018 0.71 0.64 1.04 1.26 0.67 0.61 0.00 0.51
Dec 31, 2017 0.66 0.90 0.40 0.72 0.75 0.51 0.00 0.66
Dec 31, 2016 0.86 1.07 0.37 0.75 0.63 0.40 0.00 0.60
Dec 31, 2015 0.95 0.42 0.43 0.74 0.69 0.43 0.00 0.68
Dec 31, 2014 0.54 0.36 0.48 0.34 0.62 0.43 0.00 0.61
Dec 31, 2013 0.52 0.26 0.50 0.35 0.59 0.32 0.00 0.57
Dec 31, 2012 0.54 0.77 0.53 0.26 0.63 0.33 0.00 0.62
Dec 31, 2011 0.41 0.63 0.61 0.26 0.42 0.24 0.00 0.62
Dec 31, 2010 0.43 0.85 0.43 0.27 0.38 0.30 0.00 0.65
Dec 31, 2009 0.47 0.72 0.47 0.31 0.34 0.36 0.00 0.57
Dec 31, 2008 0.62 0.65 0.67 0.34 0.41 0.48 0.00 0.60
Dec 31, 2007 0.55 0.69 0.38 0.33 0.39 0.49 0.00 0.55
Dec 31, 2006 0.36 0.88 0.39 0.51 0.29 0.51 0.00 0.84
Dec 31, 2005 0.40 0.46 0.27 0.26 0.27 0.44 0.00 0.23

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Health Care Equipment & Services)

UnitedHealth Group Inc., debt to equity, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel
UnitedHealth Group Inc. Health Care Equipment & Services
Dec 31, 2023 0.70 0.62
Dec 31, 2022 0.74 0.63
Dec 31, 2021 0.64 0.63
Dec 31, 2020 0.66 0.65
Dec 31, 2019 0.71 0.72
Dec 31, 2018 0.71 0.80
Dec 31, 2017 0.66 0.68
Dec 31, 2016 0.86 0.68
Dec 31, 2015 0.95 0.67
Dec 31, 2014 0.54 0.47
Dec 31, 2013 0.52 0.43
Dec 31, 2012 0.54 0.51
Dec 31, 2011 0.41 0.43
Dec 31, 2010 0.43 0.45
Dec 31, 2009 0.47 0.45
Dec 31, 2008 0.62 0.49
Dec 31, 2007 0.55 0.47
Dec 31, 2006 0.36 0.50
Dec 31, 2005 0.40 0.33

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Health Care)

UnitedHealth Group Inc., debt to equity, long-term trends, comparison to industry (health care)

Microsoft Excel
UnitedHealth Group Inc. Health Care
Dec 31, 2023 0.70 0.81
Dec 31, 2022 0.74 0.72
Dec 31, 2021 0.64 0.78
Dec 31, 2020 0.66 0.90
Dec 31, 2019 0.71 0.91
Dec 31, 2018 0.71 0.87
Dec 31, 2017 0.66 0.79
Dec 31, 2016 0.86 0.75
Dec 31, 2015 0.95 0.68
Dec 31, 2014 0.54 0.52
Dec 31, 2013 0.52 0.49
Dec 31, 2012 0.54 0.51
Dec 31, 2011 0.41 0.45
Dec 31, 2010 0.43 0.41
Dec 31, 2009 0.47 0.41
Dec 31, 2008 0.62 0.41
Dec 31, 2007 0.55 0.36
Dec 31, 2006 0.36 0.33
Dec 31, 2005 0.40 0.30

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).