Centene Corp (CNC)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	20,323,000	13,457,000	13,596,000	13,616,000
Total current liabilities	US$ in thousands	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	12,932,000	13,280,000	12,653,000	13,143,000
Current ratio		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	1.57	1.01	1.07	1.04

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $40,756,000K ÷ $36,716,000K
= 1.11

The current ratio of Centene Corp. has been relatively consistent over the past eight quarters, ranging from 1.05 to 1.12. This indicates that the company has generally maintained a level of liquidity that allows it to cover its short-term obligations effectively.

In the most recent quarter (Q4 2023), the current ratio stood at 1.11, which suggests that for every dollar of current liabilities, Centene Corp. had $1.11 of current assets available to meet those obligations. This indicates that the company's short-term financial position remained stable.

Overall, the trend in Centene Corp.'s current ratio indicates that the company has maintained a strong liquidity position over the past two years, which is a positive sign for its ability to meet its short-term financial obligations.