Centene Balance Sheet Health
Financial Health criteria checks 4/6
Centene has a total shareholder equity of $27.1B and total debt of $18.0B, which brings its debt-to-equity ratio to 66.5%. Its total assets and total liabilities are $82.6B and $55.6B respectively. Centene's EBIT is $4.9B making its interest coverage ratio 6.7. It has cash and short-term investments of $19.7B.
Key information
66.5%
Debt to equity ratio
US$18.00b
Debt
Interest coverage ratio | 6.7x |
Cash | US$19.67b |
Equity | US$27.06b |
Total liabilities | US$55.56b |
Total assets | US$82.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QEN's short term assets ($38.4B) exceed its short term liabilities ($32.8B).
Long Term Liabilities: QEN's short term assets ($38.4B) exceed its long term liabilities ($22.8B).
Debt to Equity History and Analysis
Debt Level: QEN has more cash than its total debt.
Reducing Debt: QEN's debt to equity ratio has increased from 58.6% to 66.5% over the past 5 years.
Debt Coverage: QEN's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: QEN's interest payments on its debt are well covered by EBIT (6.7x coverage).