MOH (Molina Healthcare) Cash-to-Debt : 3.64 (As of Sep. 2024)

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What is Molina Healthcare Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Molina Healthcare's cash to debt ratio for the quarter that ended in Sep. 2024 was 3.64.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Molina Healthcare could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Molina Healthcare's Cash-to-Debt or its related term are showing as below:

MOH' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.36 Med: 3.05 Max: 4.07
Current: 3.64

During the past 13 years, Molina Healthcare's highest Cash to Debt Ratio was 4.07. The lowest was 2.36. And the median was 3.05.

MOH's Cash-to-Debt is ranked better than
57.14% of 21 companies
in the Healthcare Plans industry
Industry Median: 1.73 vs MOH: 3.64

Molina Healthcare Cash-to-Debt Historical Data

The historical data trend for Molina Healthcare's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Molina Healthcare Cash-to-Debt Chart

Molina Healthcare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.00

2.56

3.19

3.14

3.82

Molina Healthcare Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															4.07	3.82	3.75	3.65	3.64

Competitive Comparison of Molina Healthcare's Cash-to-Debt

For the Healthcare Plans subindustry, Molina Healthcare's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Molina Healthcare's Cash-to-Debt Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Molina Healthcare's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Molina Healthcare's Cash-to-Debt falls into.

Molina Healthcare Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Molina Healthcare's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9107	/	(0	+	2385)
	=	3.82

Molina Healthcare's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9214	/	(0	+	2529)
	=	3.64

Molina Healthcare (NYSE:MOH) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Molina Healthcare Cash-to-Debt Related Terms

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Molina Healthcare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Molina Healthcare Inc (NYSE:MOH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MHG:Germany MHG:Germany

Address

200 Oceangate, Suite 100, Long Beach, CA, USA, 90802

Website

https://www.molinahealthcare.com

Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). It has four segments: Medicaid, Medicare, Marketplace and Others. The Medicaid, Medicare, and Marketplace segments represent the government-funded or sponsored programs under which it offers managed healthcare services. The Other segment, which is insignificant to its consolidated results of operations, includes long-term services and supports consultative services in Wisconsin. It generates majority revenue from Medicaid segment.

Executives

Richard M Schapiro	director	300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825
Maurice Hebert	officer: Chief Accounting Officer	C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634
Steven J Orlando	director
Jeff D. Barlow	officer: Chief Legal Officer	300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825
James Woys	officer: Executive Vice President	21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367
Ronna Romney	director
Dale B Wolf	director
Mark Lowell Keim	officer: Executive Vice President	440 LINCOLN STREET, E-6, WORCESTER MA 01653
Marc Russo	officer: Executive Vice President	C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634
Barbara L Brasier	director	C/O MEADWESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905
Daniel Cooperman	director	DANIEL COOPERMAN, 930 CULEBRA ROAD, HILLSBOROUGH CA 94010
Joseph M Zubretsky	director, officer: President & CEO	C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Thomas L Tran	officer: Chief Financial Officer	8735 HENDERSON ROAD, TAMPA FL 33625
Stephen H Lockhart	director	C/O NATIONAL RESEARCH CORPORATION, 1245 Q STREET, LINCOLN NE 68508
Garrey Carruthers	director	5258 REDMAN RD., LAS CRUCES NM 88011