Molina Healthcare Inc (MOH)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,923,000	2,332,000	2,181,000	2,180,000	2,180,000	2,179,000	2,178,000	2,177,000	2,176,000	2,175,000	2,175,000	2,174,000	2,173,000	2,130,000	2,129,000	2,128,000	2,127,000	1,813,000	1,812,000	1,596,000
Total assets	US$ in thousands	15,630,000	15,758,000	15,185,000	15,513,000	14,892,000	14,870,000	13,661,000	13,371,000	12,314,000	12,793,000	12,572,000	12,360,000	12,209,000	11,033,000	10,530,000	9,950,000	9,532,000	7,881,000	7,876,000	7,129,000
Debt-to-assets ratio		0.19	0.15	0.14	0.14	0.15	0.15	0.16	0.16	0.18	0.17	0.17	0.18	0.18	0.19	0.20	0.21	0.22	0.23	0.23	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 for Molina Healthcare Inc has shown a decreasing trend from 0.22 as of March 31, 2020, to 0.19 as of September 30, 2021. This indicates that the company's level of debt in relation to its total assets has been declining over the period analyzed. A lower debt-to-assets ratio suggests that Molina Healthcare Inc relies less on debt to finance its operations and investments, which can be seen as a positive sign of financial stability and efficiency. However, the ratio slightly increased to 0.19 as of December 31, 2021, before decreasing again to 0.14 as of June 30, 2024. This fluctuation may signify varying levels of debt management and capital structure strategies employed by the company. Overall, a decreasing trend in the debt-to-assets ratio of Molina Healthcare Inc can be seen as a positive indicator of prudent financial management and reduced financial risk.