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.
Peer comparison
Dec 31, 2024