Centene Corp (CNC)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($14,063,000K
+ $2,622,000K
+ $—K)
÷ $34,261,000K
= 0.49
The quick ratio of Centene Corp has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio started at a relatively low level of 0.49 on March 31, 2020, indicating that Centene Corp may have had difficulties in meeting its short-term obligations with its quick assets alone. Subsequently, the ratio increased to 0.65 on June 30, 2020, suggesting an improvement in the company's liquidity position.
However, the ratio declined to 0.51 on March 31, 2021, and then fluctuated between 0.43 and 0.62 until December 31, 2024. These fluctuations may indicate periods of varying levels of liquidity risk for the company during this time frame.
Overall, the trend of the quick ratio for Centene Corp demonstrates some variability in the company's short-term liquidity position. It would be important to further assess the company's asset composition and liquidity management practices to fully evaluate its ability to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024