Molina Healthcare Inc (MOH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,215,000 | 3,879,000 | 3,621,000 | 3,288,000 | 2,964,000 | 3,041,000 | 2,830,000 | 2,794,000 | 2,630,000 | 2,518,000 | 2,370,000 | 2,164,000 | 2,096,000 | 2,201,000 | 1,996,000 | 1,647,000 | 1,960,000 | 1,831,000 | 1,736,000 | 1,835,000 |
| Debt-to-capital ratio | 0.34 | 0.36 | 0.38 | 0.40 | 0.42 | 0.42 | 0.43 | 0.44 | 0.45 | 0.46 | 0.47 | 0.50 | 0.50 | 0.45 | 0.48 | 0.49 | 0.39 | 0.40 | 0.42 | 0.38 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,180,000K ÷ ($2,180,000K + $4,215,000K)
= 0.34
The debt-to-capital ratio of Molina Healthcare Inc has been fluctuating over the past eight quarters, ranging from 0.36 in Q4 2023 to 0.46 in Q2 2022 and Q1 2022. The ratio indicates the proportion of the company's capital that is financed by debt. A lower ratio suggests the company relies less on debt to fund its operations, while a higher ratio may indicate a higher level of financial risk.
From Q4 2022 to Q4 2023, there has been a general downward trend in the debt-to-capital ratio, which could imply that Molina Healthcare Inc has been reducing its reliance on debt financing over this period. This trend may be viewed positively by investors and creditors as it signifies a stronger financial position and lower risk exposure. However, the ratio experienced a slight uptick in Q2 2023 and Q1 2023 before decreasing again in Q4 2023, indicating some volatility in the company's debt-to-capital structure.
Overall, Molina Healthcare Inc's debt-to-capital ratio analysis suggests that the company has been managing its debt levels effectively, although periodic fluctuations in the ratio warrant continued monitoring to ensure sustainable financial health.
Peer comparison
Dec 31, 2023