Molina Healthcare Inc (MOH)

Current 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
Total current assets	US$ in thousands	12,542,000	12,468,000	11,441,000	11,159,000	10,084,000	10,492,000	10,332,000	10,146,000	10,064,000	9,366,000	8,874,000	8,308,000	7,876,000	6,953,000	7,062,000	6,324,000	5,967,000	5,877,000	5,863,000	6,731,000
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
Current ratio		1.54	1.47	1.52	1.47	1.47	1.45	1.43	1.44	1.43	1.54	1.55	1.56	1.59	1.96	1.88	1.77	1.83	1.78	1.73	1.57

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $12,542,000K ÷ $8,168,000K
= 1.54

The current ratio of Molina Healthcare Inc has been relatively stable over the past few quarters, ranging between 1.43 to 1.54. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is typically considered favorable as it suggests the company can cover its short-term obligations.

The slight fluctuations in the current ratio are not significant and indicate that Molina Healthcare Inc has been able to maintain a healthy level of liquidity and manage its short-term financial obligations effectively. The consistency in the current ratio reflects the company's stable financial position and ability to meet its short-term liabilities.

Overall, the current ratio trend of Molina Healthcare Inc over the past quarters suggests that the company has a strong liquidity position and is well-positioned to manage its current financial obligations.