Molina Healthcare Inc (MOH)

Solvency ratios

	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
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
Debt-to-capital ratio	0.39	0.33	0.31	0.33	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
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
Financial leverage ratio	3.48	3.30	3.14	3.45	3.53	3.83	3.77	4.07	4.15	4.21	4.44	4.42	4.64	4.38	4.44	4.60	4.55	3.58	3.95	4.33

Molina Healthcare Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio has shown a decreasing trend from 0.22 in March 2020 to 0.14 in March 2024, indicating that the company has been effectively decreasing its reliance on debt to finance its assets over the years.

2. Debt-to-capital ratio has also exhibited a declining trend from 0.49 in March 2020 to 0.39 in December 2024, reflecting a reduction in the proportion of debt in the company's capital structure.

3. Debt-to-equity ratio has decreased from 0.97 in March 2020 to 0.65 in December 2024, indicating that the company's financial leverage has improved as the proportion of equity relative to debt has increased.

4. Financial leverage ratio has steadily decreased from 4.33 in March 2020 to 3.48 in December 2024, suggesting that Molina Healthcare has been effectively managing its financial leverage by reducing the proportion of debt in its capital structure.

Overall, the declining trends in these solvency ratios suggest that Molina Healthcare Inc has been strengthening its financial position and reducing its reliance on debt financing over the years, which is a positive indicator of the company's long-term solvency.

Coverage ratios

	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
Interest coverage	14.47	14.80	14.08	14.30	14.43	12.50	12.16	11.42	10.66	10.92	9.74	8.75	8.29	7.58	8.36	10.13	10.42	13.30	13.68	12.35

The interest coverage ratio of Molina Healthcare Inc has shown fluctuations over the periods mentioned. The ratio indicates the company's ability to cover its interest expenses with its operating income.

Based on the data provided:
- The interest coverage ratio improved from March 31, 2020, to June 30, 2020, indicating a stronger ability to cover interest expenses.
- The ratio remained relatively stable until December 31, 2020, after which it started declining consistently.
- By June 30, 2021, the interest coverage ratio dropped significantly, reflecting potential challenges in meeting interest obligations.
- The ratio continued to decrease until September 30, 2021, signaling ongoing pressure on the company's ability to cover interest payments.
- From December 31, 2021, to December 31, 2024, the interest coverage ratio showed a general increasing trend, indicating an improved ability to cover interest expenses.
- The ratio peaked at 14.80 on September 30, 2024, suggesting a strong financial position in terms of covering interest payments.
- Overall, Molina Healthcare Inc's interest coverage ratio has demonstrated volatility, with periods of decline followed by periods of improvement, highlighting fluctuations in the company's ability to meet its interest obligations over the analyzed time frame.