Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

UnitedHealth Group Inc. (NYSE:UNH)

Analysis of Liquidity Ratios

Beginner level

Liquidity Ratios (Summary)

UnitedHealth Group Inc., liquidity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current ratio 0.74 0.69 0.73 0.73 0.69
Quick ratio 0.62 0.58 0.61 0.62 0.59
Cash ratio 0.27 0.23 0.27 0.31 0.27

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. UnitedHealth Group Inc.’s current ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. UnitedHealth Group Inc.’s quick ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. UnitedHealth Group Inc.’s cash ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Current Ratio

UnitedHealth Group Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Current assets 53,718  42,634  38,692  37,084  33,879 
Current liabilities 72,420  61,782  53,209  50,463  49,252 
Liquidity Ratio
Current ratio1 0.74 0.69 0.73 0.73 0.69
Benchmarks
Current Ratio, Competitors2
Becton, Dickinson & Co. 1.54 1.18 1.03 5.58 1.45
Boston Scientific Corp. 0.97 0.76 0.68 0.90
Danaher Corp. 1.86 5.19 1.47 1.43 0.97
Edwards Lifesciences Corp. 3.46 3.31 2.61 1.80 4.21
Intuitive Surgical Inc. 6.86 4.53 5.28 3.99 5.45
Medtronic PLC 2.13 2.59 2.28 1.75 3.29
Stryker Corp. 1.93 2.58 2.02 2.29 2.50
Thermo Fisher Scientific Inc. 2.13 1.92 1.73 1.34 1.44
Current Ratio, Sector
Health Care Equipment & Services 1.35 1.15 1.25 1.17
Current Ratio, Industry
Health Care 1.49 1.52 1.61 1.75

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 53,718 ÷ 72,420 = 0.74

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. UnitedHealth Group Inc.’s current ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Quick Ratio

UnitedHealth Group Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 16,921  10,985  10,866  11,981  10,430 
Short-term investments 2,860  3,260  3,458  3,509  2,845 
Accounts receivable, net of allowances 12,870  11,822  11,388  9,568  8,152 
Other current receivables, net of allowances 12,534  9,640  6,862  6,262  7,499 
Total quick assets 45,185  35,707  32,574  31,320  28,926 
 
Current liabilities 72,420  61,782  53,209  50,463  49,252 
Liquidity Ratio
Quick ratio1 0.62 0.58 0.61 0.62 0.59
Benchmarks
Quick Ratio, Competitors2
Becton, Dickinson & Co. 0.91 0.52 0.50 4.77 0.72
Boston Scientific Corp. 0.42 0.33 0.31 0.47
Danaher Corp. 1.36 4.68 0.88 0.87 0.60
Edwards Lifesciences Corp. 2.24 2.34 1.70 1.28 3.17
Intuitive Surgical Inc. 5.96 3.75 4.56 3.51 5.00
Medtronic PLC 1.50 1.90 1.71 1.36 2.54
Stryker Corp. 1.14 1.66 1.25 1.43 1.70
Thermo Fisher Scientific Inc. 1.56 1.09 1.01 0.74 0.79
Quick Ratio, Sector
Health Care Equipment & Services 1.02 0.82 0.95 0.87
Quick Ratio, Industry
Health Care 1.13 1.12 1.24 1.35

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 45,185 ÷ 72,420 = 0.62

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. UnitedHealth Group Inc.’s quick ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Cash Ratio

UnitedHealth Group Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Cash and cash equivalents 16,921  10,985  10,866  11,981  10,430 
Short-term investments 2,860  3,260  3,458  3,509  2,845 
Total cash assets 19,781  14,245  14,324  15,490  13,275 
 
Current liabilities 72,420  61,782  53,209  50,463  49,252 
Liquidity Ratio
Cash ratio1 0.27 0.23 0.27 0.31 0.27
Benchmarks
Cash Ratio, Competitors2
Becton, Dickinson & Co. 0.50 0.11 0.17 4.25 0.36
Boston Scientific Corp. 0.04 0.03 0.03 0.05
Danaher Corp. 0.82 4.04 0.16 0.13 0.14
Edwards Lifesciences Corp. 1.57 1.68 1.09 0.95 2.39
Intuitive Surgical Inc. 5.30 3.13 3.73 2.78 4.28
Medtronic PLC 1.06 1.16 1.11 0.96 1.76
Stryker Corp. 0.60 1.01 0.77 0.80 1.07
Thermo Fisher Scientific Inc. 1.00 0.39 0.34 0.19 0.16
Cash Ratio, Sector
Health Care Equipment & Services 0.57 0.40 0.57 0.46
Cash Ratio, Industry
Health Care 0.73 0.72 0.85 0.94

Based on: 10-K (filing date: 2021-03-01), 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08).

1 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 19,781 ÷ 72,420 = 0.27

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. UnitedHealth Group Inc.’s cash ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.