Centene Corp (CNC)

Current 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
Total current assets US$ in thousands 37,999,000 37,409,000 38,406,000 38,448,000 40,756,000 41,405,000 34,866,000 35,009,000 30,128,000 33,275,000 32,406,000 31,110,000 28,497,000 28,056,000 25,464,000 24,440,000 23,393,000 27,275,000 26,822,000 24,696,000
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
Current ratio 1.11 1.10 1.17 1.17 1.11 1.12 1.11 1.07 1.06 1.06 1.11 1.05 1.11 1.12 1.08 1.10 1.08 1.25 1.22 1.14

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 fluctuated over the past few years, ranging from a low of 1.05 on March 31, 2022, to a high of 1.25 on September 30, 2020. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, suggesting good short-term liquidity.

The current ratio for Centene Corp has mostly been within a healthy range, showing that the company is typically able to meet its short-term obligations. However, there have been periods where the ratio dipped slightly below 1, such as on December 31, 2020 and March 31, 2024, which may indicate potential liquidity concerns during those specific periods.

Overall, the current ratio trend for Centene Corp demonstrates a generally stable liquidity position with occasional variations that should be monitored to ensure the company's ability to meet its short-term financial obligations.