Current Ratio
since 2005
Calculation
Humana Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.59 | = | 29,986) | ÷ | 18,872) |
| Dec 31, 2022 | 1.52 | = | 26,183) | ÷ | 17,178) |
| Dec 31, 2021 | 1.62 | = | 24,893) | ÷ | 15,331) |
| Dec 31, 2020 | 1.77 | = | 23,641) | ÷ | 13,394) |
| Dec 31, 2019 | 1.82 | = | 19,888) | ÷ | 10,929) |
| Dec 31, 2018 | 1.68 | = | 16,948) | ÷ | 10,077) |
| Dec 31, 2017 | 1.85 | = | 17,402) | ÷ | 9,406) |
| Dec 31, 2016 | 2.07 | = | 16,190) | ÷ | 7,822) |
| Dec 31, 2015 | 1.93 | = | 15,711) | ÷ | 8,152) |
| Dec 31, 2014 | 2.00 | = | 14,712) | ÷ | 7,355) |
| Dec 31, 2013 | 1.95 | = | 12,300) | ÷ | 6,323) |
| Dec 31, 2012 | 1.84 | = | 11,710) | ÷ | 6,375) |
| Dec 31, 2011 | 1.85 | = | 11,181) | ÷ | 6,056) |
| Dec 31, 2010 | 1.76 | = | 10,138) | ÷ | 5,745) |
| Dec 31, 2009 | 1.76 | = | 9,253) | ÷ | 5,260) |
| Dec 31, 2008 | 1.62 | = | 8,396) | ÷ | 5,184) |
| Dec 31, 2007 | 1.51 | = | 8,733) | ÷ | 5,792) |
| Dec 31, 2006 | 1.41 | = | 7,333) | ÷ | 5,192) |
| Dec 31, 2005 | 1.31 | = | 4,206) | ÷ | 3,220) |
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
The organization demonstrated a significant expansion of its short-term balance sheet between 2005 and 2023. Current assets grew from US$ 4,206 million to US$ 29,986 million, representing a substantial increase in liquid resources. Concurrently, current liabilities grew from US$ 3,220 million to US$ 18,872 million. Despite the increase in obligations, a current ratio above 1.00 was maintained throughout the entire nineteen-year period, ensuring a constant margin of safety for meeting short-term debts.
- Liquidity Growth Phase (2005–2014)
- A sustained increase in the current ratio is observed, rising from 1.31 to 2.00. This trend indicates a strengthening of the liquidity position, as the accumulation of current assets outpaced the growth of current liabilities.
- Peak and Initial Correction (2015–2017)
- The liquidity ratio reached its maximum value of 2.07 in 2016 before declining to 1.85 in 2017. This period represents the peak of the company's short-term solvency relative to its obligations within the analyzed timeframe.
- Recent Liquidity Compression (2018–2023)
- A general downward trend occurred between 2018 and 2022, with the ratio decreasing from 1.68 to 1.52. This compression is attributed to a more rapid acceleration in current liabilities, particularly from 2020 onward, relative to the growth rate of current assets. A slight recovery to 1.59 was noted in 2023, suggesting a stabilization of the short-term financial position.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Comparison to Competitors
Humana Inc., current ratio, long-term trends, comparison to competitors
| Humana Inc. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Dec 31, 2023 | 1.59 | 1.64 | 1.44 | 4.76 | 2.39 | 0.79 |
| Dec 31, 2022 | 1.52 | 1.63 | 1.40 | 4.40 | 1.86 | 0.77 |
| Dec 31, 2021 | 1.62 | 1.85 | 1.47 | 5.08 | 2.65 | 0.79 |
| Dec 31, 2020 | 1.77 | 1.72 | 1.55 | 6.86 | 2.13 | 0.74 |
| Dec 31, 2019 | 1.82 | 1.44 | 1.65 | 4.53 | 2.59 | 0.69 |
| Dec 31, 2018 | 1.68 | 1.62 | 1.56 | 5.28 | 2.28 | 0.73 |
| Dec 31, 2017 | 1.85 | 2.26 | 1.55 | 3.99 | 1.75 | 0.73 |
| Dec 31, 2016 | 2.07 | 4.02 | 1.61 | 5.45 | 3.29 | 0.69 |
| Dec 31, 2015 | 1.93 | 1.54 | 1.62 | 4.46 | 3.36 | 0.74 |
| Dec 31, 2014 | 2.00 | 1.45 | 1.72 | 3.69 | 3.82 | 0.77 |
| Dec 31, 2013 | 1.95 | 2.02 | 1.82 | 5.07 | 4.57 | 0.73 |
| Dec 31, 2012 | 1.84 | 2.36 | 1.78 | 4.71 | 1.62 | 0.78 |
| Dec 31, 2011 | 1.85 | 1.54 | 1.71 | 4.57 | 1.93 | 0.85 |
| Dec 31, 2010 | 1.76 | 1.29 | 1.87 | 4.66 | 1.92 | 0.78 |
| Dec 31, 2009 | 1.76 | 1.79 | 1.91 | 4.18 | 2.37 | 0.82 |
| Dec 31, 2008 | 1.62 | 1.47 | 0.81 | 4.28 | 2.07 | 0.76 |
| Dec 31, 2007 | 1.51 | 1.54 | 0.91 | 4.63 | 3.09 | 0.84 |
| Dec 31, 2006 | 1.41 | 0.94 | 0.77 | 4.64 | 2.36 | 0.87 |
| Dec 31, 2005 | 1.31 | 1.54 | 1.75 | 3.60 | 2.20 | 0.64 |
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)
Humana Inc., current ratio, long-term trends, comparison to sector (health care equipment & services)
| Humana Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2023 | 1.59 | 1.15 |
| Dec 31, 2022 | 1.52 | 1.13 |
| Dec 31, 2021 | 1.62 | 1.22 |
| Dec 31, 2020 | 1.77 | 1.19 |
| Dec 31, 2019 | 1.82 | 1.17 |
| Dec 31, 2018 | 1.68 | 1.21 |
| Dec 31, 2017 | 1.85 | 1.24 |
| Dec 31, 2016 | 2.07 | 1.43 |
| Dec 31, 2015 | 1.93 | 1.36 |
| Dec 31, 2014 | 2.00 | 1.43 |
| Dec 31, 2013 | 1.95 | 1.54 |
| Dec 31, 2012 | 1.84 | 1.47 |
| Dec 31, 2011 | 1.85 | 1.36 |
| Dec 31, 2010 | 1.76 | 1.29 |
| Dec 31, 2009 | 1.76 | 1.46 |
| Dec 31, 2008 | 1.62 | 1.04 |
| Dec 31, 2007 | 1.51 | 1.14 |
| Dec 31, 2006 | 1.41 | 0.99 |
| Dec 31, 2005 | 1.31 | 1.31 |
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)
Humana Inc., current ratio, long-term trends, comparison to industry (health care)
| Humana Inc. | Health Care | |
|---|---|---|
| Dec 31, 2023 | 1.59 | 1.23 |
| Dec 31, 2022 | 1.52 | 1.23 |
| Dec 31, 2021 | 1.62 | 1.31 |
| Dec 31, 2020 | 1.77 | 1.30 |
| Dec 31, 2019 | 1.82 | 1.48 |
| Dec 31, 2018 | 1.68 | 1.52 |
| Dec 31, 2017 | 1.85 | 1.55 |
| Dec 31, 2016 | 2.07 | 1.73 |
| Dec 31, 2015 | 1.93 | 1.70 |
| Dec 31, 2014 | 2.00 | 1.92 |
| Dec 31, 2013 | 1.95 | 1.96 |
| Dec 31, 2012 | 1.84 | 1.84 |
| Dec 31, 2011 | 1.85 | 1.94 |
| Dec 31, 2010 | 1.76 | 1.81 |
| Dec 31, 2009 | 1.76 | 1.78 |
| Dec 31, 2008 | 1.62 | 1.44 |
| Dec 31, 2007 | 1.51 | 1.53 |
| Dec 31, 2006 | 1.41 | 1.39 |
| Dec 31, 2005 | 1.31 | 1.63 |
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).