Molina Healthcare Inc (MOH)
Quick 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 | 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 |
| Receivables | US$ in thousands | 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 | 1,406,000 | 1,280,000 | 1,239,000 | 1,359,000 |
| 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 |
| Quick ratio | 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 | 1.78 | 1.73 | 1.64 | 1.42 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,848,000K
+ $4,259,000K
+ $3,104,000K)
÷ $8,168,000K
= 1.49
The quick ratio of Molina Healthcare Inc has been relatively stable over the past eight quarters, ranging from 0.76 to 0.94. The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
Based on the data provided, Molina Healthcare Inc's quick ratio has generally been below 1, indicating that the company may have faced challenges in meeting its short-term obligations with its current liquid assets alone. However, it is worth noting that the quick ratio has shown some improvement in more recent quarters, with Q4 2023 reporting a ratio of 0.94, the highest in the dataset.
Overall, while the company's quick ratio has been relatively stable, investors and stakeholders should continue to monitor it to ensure that Molina Healthcare Inc maintains sufficient liquidity to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023