Molina Healthcare Inc (MOH)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,923,000 | 2,180,000 | 2,176,000 | 2,173,000 | 2,127,000 |
| Total assets | US$ in thousands | 15,630,000 | 14,892,000 | 12,314,000 | 12,209,000 | 9,532,000 |
| Debt-to-assets ratio | 0.19 | 0.15 | 0.18 | 0.18 | 0.22 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,923,000K ÷ $15,630,000K
= 0.19
The debt-to-assets ratio of Molina Healthcare Inc has exhibited a declining trend over the years based on the provided data. The ratio decreased from 0.22 as of December 31, 2020, to 0.15 by December 31, 2023, indicating that the company's reliance on debt compared to its total assets has decreased. However, there was a slight uptick to 0.19 by December 31, 2024.
A lower debt-to-assets ratio suggests that the company has a lower proportion of debt relative to its total assets, which may indicate decreased financial risk and potentially greater financial stability. This trend could be perceived positively by investors and creditors as it may signal improved financial health and management of debt obligations by Molina Healthcare Inc.
Peer comparison
Dec 31, 2024