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
Is Centene (NYSE:CNC) Using Too Much Debt?
Jan 21
These 4 Measures Indicate That Centene (NYSE:CNC) Is Using Debt Reasonably Well
Oct 22Centene (NYSE:CNC) Has A Pretty Healthy Balance Sheet
Jul 12Centene (NYSE:CNC) Seems To Use Debt Quite Sensibly
Apr 10Centene (NYSE:CNC) Seems To Use Debt Rather Sparingly
Dec 27Does Centene (NYSE:CNC) Have A Healthy Balance Sheet?
Sep 20Recent updates
Centene Corporation Still An Opportunity With An A-Grade Valuation
Mar 31If EPS Growth Is Important To You, Centene (NYSE:CNC) Presents An Opportunity
Mar 15Market Still Lacking Some Conviction On Centene Corporation (NYSE:CNC)
Feb 08Centene: Stay Defensive Amid Economic Uncertainty With This Low-Beta Bargain
Jan 22Is Centene (NYSE:CNC) Using Too Much Debt?
Jan 21Centene: Overlooked Healthcare Giant
Nov 21Does Centene (NYSE:CNC) Deserve A Spot On Your Watchlist?
Nov 10Centene: Solid Performance With Positive Outlook, But Limited Upside Potential
Oct 26These 4 Measures Indicate That Centene (NYSE:CNC) Is Using Debt Reasonably Well
Oct 22Decoding Centene: Why I Think It's Undervalued
Oct 10If EPS Growth Is Important To You, Centene (NYSE:CNC) Presents An Opportunity
Jul 31Centene: Results Impress But Buyers Aren't Swarming Yet
Jul 27Centene (NYSE:CNC) Has A Pretty Healthy Balance Sheet
Jul 12Centene (NYSE:CNC) Seems To Use Debt Quite Sensibly
Apr 10Centene Non-GAAP EPS of $0.86 beats by $0.02, revenue of $35.56B beats by $190M
Feb 07With EPS Growth And More, Centene (NYSE:CNC) Makes An Interesting Case
Jan 27Centene (NYSE:CNC) Seems To Use Debt Rather Sparingly
Dec 27Centene: Once Again, With Quality, Now A 'Buy'
Dec 23Centene appoints new leadership; Ken Fasola President of Centene, Dave Thomas CEO of Medicaid
Dec 14An Intrinsic Calculation For Centene Corporation (NYSE:CNC) Suggests It's 50% Undervalued
Nov 11Is Now The Time To Put Centene (NYSE:CNC) On Your Watchlist?
Oct 26Centene Q3 2022 Earnings Preview
Oct 24Centene: Future Growth Will Exceed Market Expectations
Oct 14Centene: A Chaos Stock
Sep 28Does Centene (NYSE:CNC) Have A Healthy Balance Sheet?
Sep 20Centene falls 7%, most since April 2021, on surging volume
Sep 14If EPS Growth Is Important To You, Centene (NYSE:CNC) Presents An Opportunity
Jul 28Centene Q2 2022 Earnings Preview
Jul 25Centene Keeps Overdelivering - But Is Expensive
Jul 11Is Centene (NYSE:CNC) Using Too Much Debt?
Jun 16Centene: Solid Q122 Earnings For Health Insurer Helps Make Buy/Hold Case
Apr 28Centene Has Overdelivered - It Is Time For A 'Hold'
Mar 24We Think Centene (NYSE:CNC) Can Stay On Top Of Its Debt
Mar 14Centene: Finally Gets Respect And Is Poised To Profit
Dec 31Is Centene (NYSE:CNC) A Risky Investment?
Dec 13Financial Position Analysis
Short Term Liabilities: CNC's short term assets ($40.8B) exceed its short term liabilities ($36.7B).
Long Term Liabilities: CNC's short term assets ($40.8B) exceed its long term liabilities ($22.0B).
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 61.1% to 68.6% over the past 5 years.
Debt Coverage: CNC's debt is well covered by operating cash flow (45.2%).
Interest Coverage: CNC's interest payments on its debt are well covered by EBIT (6.6x coverage).