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UnitedHealth Group (UnitedHealth Group) Effective Interest Rate on Debt %

: 5.27% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. UnitedHealth Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3,320 Mil. UnitedHealth Group's average total debt for the quarter that ended in Dec. 2023 was $62,953 Mil. Therefore, UnitedHealth Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.27%.


UnitedHealth Group Effective Interest Rate on Debt % Historical Data

The historical data trend for UnitedHealth Group's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

UnitedHealth Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.41 3.95 3.71 4.04 5.40

UnitedHealth Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.09 4.70 4.86 5.17 5.27

Competitive Comparison

For the Healthcare Plans subindustry, UnitedHealth Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


UnitedHealth Group Effective Interest Rate on Debt % Distribution

For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where UnitedHealth Group's Effective Interest Rate on Debt % falls into.



UnitedHealth Group Effective Interest Rate on Debt % Calculation

UnitedHealth Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -3246/( (57623+62537)/ 2 )
=-1  *  -3246/60080
=5.40 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54513 + 3110
=57623

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=58263 + 4274
=62537

UnitedHealth Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -3320/( (63369+62537)/ 2 )
=-1  *  -3320/62953
=5.27 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=58079 + 5290
=63369

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=58263 + 4274
=62537

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


UnitedHealth Group  (NYSE:UNH) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


UnitedHealth Group Effective Interest Rate on Debt % Related Terms

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UnitedHealth Group (UnitedHealth Group) Business Description

Address
9900 Bren Road East, UnitedHealth Group Center, Minnetonka, MN, USA, 55343
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
Executives
Stephen J Hemsley director, officer: Pres & COO, UnitedHealth Grp 200 WASHINGTON AVE N, SUITE 200, MINNEAPOLIS MN 55401
Andrew Witty director, officer: CEO, UHG C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Charles D. Baker director 311 ARSENAL STREET, WATERTOWN MA 02472
Erin Mcsweeney officer: EVP Chief People Officer EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Kristen Gil director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Thomas E Roos officer: Chief Accounting Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Dirk C Mcmahon officer: President & CEO, UHC C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
John F Rex officer: EVP Chief Financial Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Mcnabb Frederick William Iii director C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Richard T Burke director 3962 TOMAHAWK TRAIL, MEDINA MN 55340
Rupert M Bondy officer: EVP & Chief Legal Officer C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Paul R Garcia director 214 N TRYON STREET, CHARLOTTE NC 28202
Brian R Thompson officer: CEO, UnitedHealthcare C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Timothy Patrick Flynn director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Matthew W. Friedrich officer: EVP & Chief Legal Officer COGNIZANT TECHNOLOGY SOLUTIONS CORP., 500 FRANK W. BURR BLVD, TEANECK NJ 07666

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