Centene Balance Sheet Health
Financial Health criteria checks 4/6
Centene has a total shareholder equity of $27.4B and total debt of $17.6B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are $82.4B and $54.9B respectively. Centene's EBIT is $4.7B making its interest coverage ratio 6.6. It has cash and short-term investments of $17.6B.
Key information
64.2%
Debt to equity ratio
US$17.60b
Debt
| Interest coverage ratio | 6.6x |
| Cash | US$17.57b |
| Equity | US$27.41b |
| Total liabilities | US$54.94b |
| Total assets | US$82.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C1NC34's short term assets ($37.4B) exceed its short term liabilities ($34.1B).
Long Term Liabilities: C1NC34's short term assets ($37.4B) exceed its long term liabilities ($20.9B).
Debt to Equity History and Analysis
Debt Level: C1NC34's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: C1NC34's debt to equity ratio has increased from 55.8% to 64.2% over the past 5 years.
Debt Coverage: C1NC34's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: C1NC34's interest payments on its debt are well covered by EBIT (6.6x coverage).