Centene Corp (CNC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 37,999,000 | 40,756,000 | 30,128,000 | 28,497,000 | 23,393,000 |
| Total current liabilities | US$ in thousands | 34,261,000 | 36,716,000 | 28,464,000 | 25,765,000 | 21,585,000 |
| Current ratio | 1.11 | 1.11 | 1.06 | 1.11 | 1.08 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $37,999,000K ÷ $34,261,000K
= 1.11
The current ratio of Centene Corp has shown relatively stable trends over the past five years. In December 31, 2020, the current ratio was 1.08, indicating that the company had $1.08 in current assets for every $1 in current liabilities. This ratio increased to 1.11 in December 31, 2021, which suggests a slight improvement in the company's short-term liquidity position.
However, in the following year, December 31, 2022, the current ratio decreased to 1.06, which may raise some concerns about the company's ability to cover its short-term obligations with current assets. On a positive note, the current ratio rebounded to 1.11 in both December 31, 2023, and December 31, 2024, bringing it back to the level seen in 2021.
Overall, while the current ratio of Centene Corp has fluctuated slightly over the years, it has generally remained above 1, indicating that the company has been able to meet its short-term financial obligations with its current assets.
Peer comparison
Dec 31, 2024