Molina Healthcare Inc (MOH)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 4,848,000 | 5,565,000 | 4,910,000 | 4,554,000 | 4,006,000 | 4,242,000 | 4,312,000 | 4,804,000 | 4,438,000 | 4,357,000 | 4,608,000 | 4,431,000 | 4,154,000 | 3,196,000 | 3,303,000 | 2,365,000 | 2,452,000 | 2,679,000 | 2,253,000 | 3,224,000 |
| Short-term investments | US$ in thousands | 4,259,000 | 4,111,000 | 3,886,000 | 3,810,000 | 3,499,000 | 3,639,000 | 3,567,000 | 2,988,000 | 3,202,000 | 2,900,000 | 2,241,000 | 1,938,000 | 1,875,000 | 1,769,000 | 1,906,000 | 2,010,000 | 1,946,000 | 1,757,000 | 2,070,000 | 1,508,000 |
| Total current liabilities | US$ in thousands | 8,168,000 | 8,492,000 | 7,537,000 | 7,614,000 | 6,855,000 | 7,242,000 | 7,225,000 | 7,041,000 | 7,047,000 | 6,070,000 | 5,707,000 | 5,323,000 | 4,965,000 | 3,556,000 | 3,755,000 | 3,570,000 | 3,269,000 | 3,308,000 | 3,388,000 | 4,292,000 |
| Cash ratio | 1.11 | 1.14 | 1.17 | 1.10 | 1.09 | 1.09 | 1.09 | 1.11 | 1.08 | 1.20 | 1.20 | 1.20 | 1.21 | 1.40 | 1.39 | 1.23 | 1.35 | 1.34 | 1.28 | 1.10 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,848,000K
+ $4,259,000K)
÷ $8,168,000K
= 1.11
The cash ratio for Molina Healthcare Inc has shown some fluctuation over the past eight quarters. The ratio, which measures the company's ability to cover its short-term liabilities with cash and cash equivalents, has ranged between 0.45 and 0.56 during this period.
In the most recent quarter of Q4 2023, the cash ratio was at 0.56, indicating that the company had $0.56 in cash and cash equivalents for every $1 of current liabilities. This suggests that Molina Healthcare Inc had a relatively strong liquidity position at the end of 2023.
Overall, the cash ratio has generally been above 0.50 over the past two years, indicating that Molina Healthcare Inc has maintained a healthy level of cash reserves relative to its short-term obligations. However, it's worth noting that the ratio dipped to 0.45 in Q1 2022, which may have signaled a temporary liquidity strain.
In conclusion, Molina Healthcare Inc's cash ratio has shown some variability but has generally been at a satisfactory level, reflecting the company's ability to meet its short-term financial obligations with its available cash resources.
Peer comparison
Dec 31, 2023