Centene Balance Sheet Health
Financial Health criteria checks 5/6
Centene has a total shareholder equity of $21.1B and total debt of $17.6B, which brings its debt-to-equity ratio to 83.5%. Its total assets and total liabilities are $82.1B and $61.0B respectively. Centene's EBIT is $2.6B making its interest coverage ratio 3.9. It has cash and short-term investments of $19.2B.
Key information
83.51%
Debt to equity ratio
US$17.58b
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$19.24b |
| Equity | US$21.06b |
| Total liabilities | US$61.03b |
| Total assets | US$82.09b |
Recent financial health updates
Recent updates
Centene: Strong Buy, For All The Wrong Reasons
Oct 21Centene Corporation's (NYSE:CNC) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Sep 12
Why Investors Shouldn't Be Surprised By Centene Corporation's (NYSE:CNC) 38% Share Price Plunge
Jul 03
Centene (NYSE:CNC) Is Doing The Right Things To Multiply Its Share Price
May 15Centene Corporation's (NYSE:CNC) Low P/E No Reason For Excitement
Apr 03Centene: A Leader In Government-Sponsored Insurance And Its Prospects
Mar 26Centene Corporation Is Resilient And Will Thrive
Mar 18Centene's (NYSE:CNC) Returns On Capital Not Reflecting Well On The Business
Jan 27Centene: Attractive Risk-Reward For A Growing Company At A Value Price
Jan 02Does Centene (NYSE:CNC) Have A Healthy Balance Sheet?
Dec 05Centene: Should Have Followed My Original Thesis, But A Buy For Q3 2024
Oct 22Centene Corporation: Strategic Market Position Amid Favorable Trends, Buy
Aug 20Centene Corporation Still An Opportunity With An A-Grade Valuation
Mar 31Centene: Stay Defensive Amid Economic Uncertainty With This Low-Beta Bargain
Jan 22Financial Position Analysis
Short Term Liabilities: CNC's short term assets ($44.1B) exceed its short term liabilities ($40.6B).
Long Term Liabilities: CNC's short term assets ($44.1B) exceed its long term liabilities ($20.4B).
Debt to Equity History and Analysis
Debt Level: CNC has more cash than its total debt.
Reducing Debt: CNC's debt to equity ratio has increased from 64.5% to 83.5% over the past 5 years.
Debt Coverage: CNC's debt is well covered by operating cash flow (23.1%).
Interest Coverage: CNC's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 08:01 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Centene Corporation is covered by 37 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Hua Ha | Baird |
| Joshua Raskin | Barclays |