Molina Healthcare Inc (MOH)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,180,000	2,176,000	2,173,000	2,127,000	1,237,000
Total assets	US$ in thousands	14,892,000	12,314,000	12,209,000	9,532,000	6,787,000
Debt-to-assets ratio		0.15	0.18	0.18	0.22	0.18

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,180,000K ÷ $14,892,000K
= 0.15

The debt-to-assets ratio for Molina Healthcare Inc has fluctuated over the past five years, decreasing from 0.22 in 2019 to 0.16 in 2023. This indicates that the company has been able to reduce its reliance on debt in relation to its total assets, which generally reflects a stronger financial position in terms of solvency. A lower debt-to-assets ratio suggests that the company has a higher proportion of assets financed by equity rather than debt, which can be viewed positively by investors and creditors as it indicates lower financial risk. Overall, the decreasing trend in the debt-to-assets ratio for Molina Healthcare Inc indicates an improving financial health and better debt management by the company over the period analyzed.