Maximus Inc (MMS)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	1,091,950	1,100,700	1,121,340	1,222,240	1,163,150	1,223,130	1,205,030	1,486,980	1,292,480	1,423,280	1,387,390	1,515,090	1,429,140	1,633,140	250,601	18,481	18,017	145,161	150,155	—
Total assets	US$ in thousands	4,131,510	3,999,790	4,041,140	4,016,860	3,985,800	3,943,180	3,898,860	4,234,920	3,992,710	4,057,920	4,107,700	4,181,870	4,118,960	4,370,590	2,441,400	2,066,230	2,024,700	2,062,990	1,960,410	1,989,790
Debt-to-assets ratio		0.26	0.28	0.28	0.30	0.29	0.31	0.31	0.35	0.32	0.35	0.34	0.36	0.35	0.37	0.10	0.01	0.01	0.07	0.08	0.00

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,091,950K ÷ $4,131,510K
= 0.26

The debt-to-assets ratio of Maximus Inc has exhibited fluctuations over the past several quarters, ranging from 0.00 to 0.37. As of Sep 30, 2024, the ratio stands at 0.26, indicating that 26% of the company's assets are funded by debt. The trend indicates a relatively stable level of debt compared to assets over time, with minor variations.

The ratio reached its highest point in Dec 31, 2022 (0.35), and its lowest point in Dec 31, 2020 (0.01). This variability in the ratio suggests fluctuations in the company's leverage position and its ability to meet financial obligations.

Overall, the average debt-to-assets ratio for Maximus Inc over the periods analyzed is approximately 0.21, indicating that, on average, around 21% of the company's assets are financed through debt. This ratio provides insight into the company's capital structure and financial risk, with lower ratios indicating a lesser reliance on debt financing.

Further analysis, in conjunction with other financial metrics and industry benchmarks, would be necessary to assess the effectiveness of Maximus Inc's debt management strategies and its overall financial health.