• Molina Healthcare average debt/equity ratio for 2023 was 0.64, a 22.89% decline from 2022.
• Molina Healthcare average debt/equity ratio for 2022 was 0.83, a 15.31% decline from 2021.
• Molina Healthcare average debt/equity ratio for 2021 was 0.98, a 6.67% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.