HUM Debt-to-Equity Ratio Analysis

The debt-to-equity ratio compares a company’s total liabilities to its shareholders’ equity, showing how much financing comes from debt versus owner capital.

At 0.74x, HUM uses $0.74 of debt for every $1.00 of equity, indicating a moderate leverage level. That figure sits just above the sector median of 0.73x, placing HUM at the 51st percentile among peers—essentially middle-of-the-pack. The year-over-year change is not available, and the metric fell 1.3% quarter-over-quarter, from 0.75x to 0.74x, so the short-term trend is a slight deleveraging. Since the level is near the sector norm and the only observed change is a small decline in debt, the risk from leverage is neither elevated nor accelerating. This combination—average leverage with a tiny downward move—neither heightens nor reduces investment risk in a meaningful way. It supports the overall CAUTIOUS verdict, as the ratio offers no clear safety margin that would justify a more positive stance.

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