Centene Balance Sheet Health
Financial Health criteria checks 5/6
Centene has a total shareholder equity of $26.0B and total debt of $17.8B, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are $84.6B and $58.7B respectively. Centene's EBIT is $4.8B making its interest coverage ratio 6.6. It has cash and short-term investments of $19.7B.
Key information
68.6%
Debt to equity ratio
US$17.82b
Debt
Interest coverage ratio | 6.6x |
Cash | US$19.65b |
Equity | US$25.96b |
Total liabilities | US$58.69b |
Total assets | US$84.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C1NC34's short term assets ($40.8B) exceed its short term liabilities ($36.7B).
Long Term Liabilities: C1NC34's short term assets ($40.8B) exceed its long term liabilities ($22.0B).
Debt to Equity History and Analysis
Debt Level: C1NC34 has more cash than its total debt.
Reducing Debt: C1NC34's debt to equity ratio has increased from 61.1% to 68.6% over the past 5 years.
Debt Coverage: C1NC34's debt is well covered by operating cash flow (45.2%).
Interest Coverage: C1NC34's interest payments on its debt are well covered by EBIT (6.6x coverage).