Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

Analysis of Debt 

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Total Debt (Carrying Amount)

UnitedHealth Group Inc., balance sheet: debt

US$ in millions

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term borrowings and current maturities of long-term debt 3,620  4,819  3,870  1,973  2,857 
Long-term debt, less current maturities 42,383  38,648  36,808  34,581  28,835 
Total commercial paper, long-term debt and other financing obligations (carrying amount) 46,003  43,467  40,678  36,554  31,692 

Based on: 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).

Debt item Description The company
Total commercial paper, long-term debt and other financing obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. UnitedHealth Group Inc. total debt increased from 2019 to 2020 and from 2020 to 2021.

Total Debt (Fair Value)

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Dec 31, 2021
Selected Financial Data (US$ in millions)
Commercial paper — 
Long-term debt and other financing obligations 52,583 
Total commercial paper, long-term debt and other financing obligations (fair value) 52,583 
Financial Ratio
Debt, fair value to carrying amount ratio 1.14

Based on: 10-K (reporting date: 2021-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on short-term borrowings and long-term debt: 3.57%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
2.88% 1,097  32 
3.35% 999  33 
2.38% 899  21 
0.00% 14  — 
2.75% 632  17 
2.88% 768  22 
3.50% 749  26 
3.50% 748  26 
0.55% 996 
2.38% 748  18 
3.75% 1,994  75 
3.70% 299  11 
1.25% 497 
3.10% 997  31 
1.15% 972  11 
3.45% 747  26 
3.38% 621  21 
2.95% 942  28 
3.85% 1,144  44 
3.88% 844  33 
2.88% 1,023  29 
2.00% 1,235  25 
2.30% 1,482  34 
4.63% 993  46 
5.80% 839  49 
6.50% 492  32 
6.63% 642  43 
6.88% 1,078  74 
3.50% 1,242  43 
2.75% 966  27 
5.70% 296  17 
5.95% 346  21 
3.05% 1,483  45 
4.63% 589  27 
4.38% 485  21 
3.95% 608  24 
4.25% 736  31 
4.75% 1,974  94 
4.20% 739  31 
4.25% 718  31 
3.75% 934  35 
4.25% 1,330  57 
4.45% 1,087  48 
3.70% 1,236  46 
2.90% 1,209  35 
3.25% 1,970  64 
3.88% 1,228  48 
3.13% 965  30 
Total 44,632  1,593 
3.57%

Based on: 10-K (reporting date: 2021-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 1,593 ÷ 44,632 = 3.57%