Centene Balance Sheet Health
Financial Health criteria checks 4/6
Centene has a total shareholder equity of $27.5B and total debt of $17.6B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are $83.1B and $55.7B respectively. Centene's EBIT is $5.0B making its interest coverage ratio 7. It has cash and short-term investments of $20.2B.
Key information
64.2%
Debt to equity ratio
US$17.63b
Debt
| Interest coverage ratio | 7x |
| Cash | US$20.21b |
| Equity | US$27.46b |
| Total liabilities | US$55.68b |
| Total assets | US$83.14b |
Recent financial health updates
Centene (NYSE:CNC) Seems To Use Debt Quite Sensibly
Aug 20
These 4 Measures Indicate That Centene (NYSE:CNC) Is Using Debt Reasonably Well
Apr 26Is Centene (NYSE:CNC) Using Too Much Debt?
Jan 21These 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 10Recent updates
Centene Corporation (NYSE:CNC) Screens Well But There Might Be A Catch
Oct 14Should You Be Adding Centene (NYSE:CNC) To Your Watchlist Today?
Sep 26Centene (NYSE:CNC) Has Some Way To Go To Become A Multi-Bagger
Sep 08Centene (NYSE:CNC) Seems To Use Debt Quite Sensibly
Aug 20Centene Corporation: Strategic Market Position Amid Favorable Trends, Buy
Aug 20Centene (NYSE:CNC) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Aug 02Here's Why We Think Centene (NYSE:CNC) Is Well Worth Watching
Jun 22A Piece Of The Puzzle Missing From Centene Corporation's (NYSE:CNC) Share Price
Jun 04Returns At Centene (NYSE:CNC) Appear To Be Weighed Down
May 14These 4 Measures Indicate That Centene (NYSE:CNC) Is Using Debt Reasonably Well
Apr 26Centene 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 14Financial Position Analysis
Short Term Liabilities: CNC's short term assets ($38.4B) exceed its short term liabilities ($32.7B).
Long Term Liabilities: CNC's short term assets ($38.4B) exceed its long term liabilities ($23.0B).
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 57.2% to 64.2% over the past 5 years.
Debt Coverage: CNC's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: CNC's interest payments on its debt are well covered by EBIT (7x coverage).