What is Molina Healthcare Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Molina Healthcare's interest expense for the
three
months ended in Mar. 2024 was $ -27 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-108 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Molina Healthcare's Operating Income for the
three
months ended in Mar. 2024 was $ 426 Mil. Molina Healthcare's Interest Expense for the
three
months ended in Mar. 2024 was $ -27 Mil.
Molina Healthcare's Interest Coverage for the quarter that ended in Mar. 2024 was 15.78.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Molina Healthcare Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-108 Mil.
* 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.
Molina Healthcare (NYSE:MOH) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Molina Healthcare's Interest Expense for the
three
months ended in Mar. 2024 was $-27 Mil. Its
Operating Income
for the
three
months ended in Mar. 2024 was $426 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2024 was $2,382 Mil.
Molina Healthcare's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
Molina Healthcare (Molina Healthcare) Business Description
Traded in Other Exchanges
Address
200 Oceangate, Suite 100, Long Beach, CA, USA, 90802
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). In addition to its Health Plans segment, Molina has a Medicaid,Medicare, and Marketplace segment that represent the government-funded or sponsored programs under their management information systems. Molina's Medicaid plans receive revenue on a per-member per-month basis from state government agencies, and its Medicare Advantage plans receive revenue from managed care plans that contract with the Centers for Medicaid and Medicare (CMS). Molina also provides plans through health insurance exchanges.
Executives
| Ronna Romney |
director |
|
| Steven J Orlando |
director |
|
| Maurice Hebert |
officer: Chief Accounting Officer |
C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634 |
| Marc Russo |
officer: Executive Vice President |
C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634 |
| Jeff D. Barlow |
officer: Chief Legal Officer |
300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825 |
| 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 |
| Dale B Wolf |
director |
|
| Richard M Schapiro |
director |
300 UNIVERSITY AVENUE, SUITE 100, SACRAMENTO CA 95825 |
| Joseph M Zubretsky |
director, officer: President & CEO |
C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653 |
| Mark Lowell Keim |
officer: Executive Vice President |
440 LINCOLN STREET, E-6, WORCESTER MA 01653 |
| James Woys |
officer: Executive Vice President |
21650 OXNARD STREET, 22ND FLOOR, WOODLAND HILLS CA 91367 |
| 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 |
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