Molina Healthcare Inc (MOH)

Debt-to-assets 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
Long-term debt	US$ in thousands	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	1,237,000	1,239,000	1,241,000	1,121,000
Total assets	US$ in thousands	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	6,787,000	6,701,000	6,690,000	7,579,000
Debt-to-assets ratio		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	0.18	0.18	0.19	0.15

December 31, 2023 calculation

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

Molina Healthcare Inc's debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.16 to 0.19. This ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting lower financial risk and reliance on debt financing. The consistent levels of the debt-to-assets ratio suggest that Molina Healthcare Inc has been maintaining a prudent balance between debt and assets in its capital structure. A lower ratio implies that the company has more assets relative to its debt obligations, which can indicate financial strength and stability. On the other hand, a higher ratio may indicate higher financial leverage and potential risk in servicing debt obligations. Overall, Molina Healthcare Inc's debt-to-assets ratio reflects a moderate level of debt compared to its assets, which should be closely monitored for any significant changes in the future.