Molina Healthcare Inc (MOH)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	4,496,000	4,770,000	4,843,000	4,493,000	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
Debt-to-equity ratio		0.65	0.49	0.45	0.49	0.52	0.56	0.60	0.66	0.73	0.72	0.77	0.78	0.83	0.85	0.90	0.98	1.01	0.82	0.91	0.97

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,923,000K ÷ $4,496,000K
= 0.65

The debt-to-equity ratio of Molina Healthcare Inc has shown a decreasing trend from 0.97 on March 31, 2020 to 0.65 on December 31, 2024. This ratio indicates the proportion of debt financing relative to equity financing used by the company. A lower debt-to-equity ratio suggests that the company is relying more on equity to finance its operations, which can be viewed positively as it indicates lower financial risk and greater financial stability. Molina Healthcare Inc's decreasing trend in the debt-to-equity ratio over the analyzed period suggests a potentially improving financial position and a decreasing reliance on debt to fund its operations.