Molina Healthcare Inc (MOH)
Quick ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,662,000 | 4,732,000 | 4,354,000 | 4,513,000 | 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 |
| Short-term investments | US$ in thousands | 4,325,000 | 4,482,000 | 4,347,000 | 4,424,000 | 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 |
| Receivables | US$ in thousands | 3,299,000 | 3,259,000 | 3,231,000 | 3,350,000 | 3,104,000 | 2,460,000 | 2,385,000 | 2,536,000 | 2,302,000 | 2,220,000 | 2,240,000 | 2,156,000 | 2,177,000 | 1,912,000 | 1,857,000 | 1,776,000 | 1,672,000 | 1,775,000 | 1,580,000 | 1,603,000 |
| Total current liabilities | US$ in thousands | 7,896,000 | 8,337,000 | 7,836,000 | 8,514,000 | 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 |
| Quick ratio | 1.56 | 1.50 | 1.52 | 1.44 | 1.49 | 1.43 | 1.48 | 1.43 | 1.43 | 1.39 | 1.40 | 1.41 | 1.39 | 1.51 | 1.53 | 1.53 | 1.55 | 1.90 | 1.81 | 1.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,662,000K
+ $4,325,000K
+ $3,299,000K)
÷ $7,896,000K
= 1.56
The quick ratio of Molina Healthcare Inc has shown some fluctuations over the analyzed periods. The ratio was relatively stable around 1.5 to 1.8 throughout the most recent quarters, indicating that the company has a sufficient level of liquid assets to cover its short-term obligations. This suggests that Molina Healthcare Inc has a strong ability to meet its immediate financial obligations without relying heavily on inventory.
The ratio peaked at 1.90 in September 2020, showing a high level of liquid assets relative to current liabilities at that time. However, it decreased to 1.39 by September 2022, before gradually increasing again to 1.56 by December 2024.
Overall, the trend in the quick ratio suggests that Molina Healthcare Inc has maintained a prudent level of liquidity to support its ongoing operations and meet its short-term financial commitments. It is important for the company to continue monitoring and managing its liquidity position effectively to ensure financial stability and flexibility in the future.
Peer comparison
Dec 31, 2024