Centene Corp (CNC)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 14,063,000 | 14,577,000 | 17,605,000 | 17,585,000 | 17,193,000 | 18,190,000 | 17,170,000 | 15,853,000 | 12,074,000 | 14,987,000 | 13,435,000 | 11,237,000 | 13,118,000 | 13,423,000 | 11,018,000 | 9,627,000 | 10,800,000 | 12,198,000 | 12,798,000 | 9,308,000 |
| Short-term investments | US$ in thousands | 2,622,000 | 2,992,000 | 2,609,000 | 2,082,000 | 2,459,000 | 2,241,000 | 2,212,000 | 2,135,000 | 2,321,000 | 2,191,000 | 1,794,000 | 1,668,000 | 1,539,000 | 1,517,000 | 1,566,000 | 1,662,000 | 1,580,000 | 1,497,000 | 1,558,000 | 1,386,000 |
| Total current liabilities | US$ in thousands | 34,261,000 | 34,061,000 | 32,729,000 | 32,784,000 | 36,716,000 | 36,851,000 | 31,306,000 | 32,857,000 | 28,464,000 | 31,330,000 | 29,086,000 | 29,685,000 | 25,765,000 | 25,042,000 | 23,642,000 | 22,279,000 | 21,585,000 | 21,795,000 | 21,918,000 | 21,651,000 |
| Cash ratio | 0.49 | 0.52 | 0.62 | 0.60 | 0.54 | 0.55 | 0.62 | 0.55 | 0.51 | 0.55 | 0.52 | 0.43 | 0.57 | 0.60 | 0.53 | 0.51 | 0.57 | 0.63 | 0.65 | 0.49 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($14,063,000K
+ $2,622,000K)
÷ $34,261,000K
= 0.49
The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents. For Centene Corp, we observe fluctuations in the cash ratio over the analyzed periods.
The cash ratio ranged from a low of 0.43 on March 31, 2022, to a high of 0.65 on June 30, 2020. This indicates that Centene had $0.43 of cash and cash equivalents for every $1 of current liabilities on the lowest point and $0.65 on the highest point. The ratio generally remained above 0.50, suggesting that Centene maintained a reasonable level of liquidity to meet its short-term obligations.
Centene's cash ratio decreased towards the end of the analysis period, from 0.62 on June 30, 2024, to 0.49 on December 31, 2024. This decline could be an indication of a change in the company's cash position or an increase in its current liabilities relative to cash holdings.
Overall, while the cash ratio for Centene fluctuated over time, it generally remained at levels indicating the company's ability to cover its short-term liabilities with cash and cash equivalents. Monitoring this ratio in conjunction with other liquidity metrics would provide a more comprehensive assessment of Centene's short-term financial health.
Peer comparison
Dec 31, 2024