Maximus (Maximus) Debt-to-Equity

: 0.86 (As of Dec. 2023)

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Maximus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $139 Mil. Maximus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,341 Mil. Maximus's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,718 Mil. Maximus's debt to equity for the quarter that ended in Dec. 2023 was 0.86.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

MMS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.29 Max: 1.3
Current: 0.86

During the past 13 years, the highest Debt-to-Equity Ratio of Maximus was 1.30. The lowest was 0.00. And the median was 0.29.

MMS's Debt-to-Equity is ranked worse than
70.54% of 930 companies
in the Business Services industry
Industry Median: 0.395 vs MMS: 0.86

Maximus Debt-to-Equity Historical Data

The historical data trend for Maximus's Debt-to-Equity 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.

* Premium members only.

Maximus Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

0.01

0.17

1.15

0.97

0.86

Maximus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.10	0.92	0.91	0.86	0.86

Competitive Comparison

For the Specialty Business Services subindustry, Maximus's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Maximus Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, Maximus's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Maximus's Debt-to-Equity falls into.

Maximus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maximus's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(136.696	+	1292.516)	/	1667.835
	=	0.86

Maximus's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(138.933	+	1340.837)	/	1717.806
	=	0.86

Maximus (NYSE:MMS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Maximus Debt-to-Equity Related Terms

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Maximus (Maximus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maximus Inc (NYSE:MMS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MMS:Mexico

Address

1600 Tysons Boulevard, McLean, VA, USA, 22102

Website

https://www.maximus.com

Maximus Inc is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia. The company offers business solutions to improve the cost-effectiveness, efficiency, and quality of government-sponsored benefit programs, such as Medicaid, Medicare, Health Insurance BC, and child support programmes. Most of its revenue is derived from long-term contractual arrangements with governments around the world. The company generates maximum revenue from the U.S. Federal Services segment.

Executives

Teresa Weipert	officer: General Mgr US Federal Segment	1891 METRO CENTER DRIVE, RESTON VA 20190
Ilene R. Baylinson	officer: Group General Manager	1891 METRO CENTER DRIVE, RESTON VA 20190
Michelle F. Link	officer: Chief Human Resources Officer	1891 METRO CENTER DRIVE, RESTON VA 20190
Gayathri Rajan	director	1891 METRO CENTER DRIVE, RESTON X1 20190
David Mutryn	officer: Chief Financial Officer	1891 METRO CENTER DRIVE, RESTON VA 20190
Theresa D Golinvaux	officer: Principal Accounting Officer	9300 LEE HIGHWAY, FAIRFAX VA 20131
John Thomas Martinez	officer: Secretary and General Counsel	1600 TYSONS BLVD, #1400, MCLEAN VA 22102
Michael J. Warren	director	C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Bruce Caswell	other: Group President - Human Svcs	11419 SUNSET HILLS ROAD, RESTON VA 20190-5207
Raymond B Ruddy	director	C/O MAXIMUS INC, 11419 SUNSET HILLS ROAD, RESTON VA 20190
David Francis	officer: General Counsel	C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190
John J Haley	director	901 N GLEBE ROAD, ARLINGTON VA 22203
Richard A Montoni	director, officer: CEO and Director	C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190
Richard John Nadeau	officer: Chief Financial Officer	1300 WILSON BLVD., SUITE 400, ARLINGTON VA 22209
Peter Pond	director