Centene Corp (CNC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 82,445,000 | 84,641,000 | 76,870,000 | 78,375,000 | 68,719,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $82,445,000K
= 0.00
Based on the data provided for Centene Corp, the debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that Centene Corp relies solely on equity financing to support its operations and investments. This may be viewed positively by investors and creditors as it signifies that the company has a strong financial position and low financial leverage. However, it is essential to consider that a very low debt-to-assets ratio could also mean limited access to the tax benefits associated with debt financing. Overall, Centene Corp's consistent low debt-to-assets ratio indicates a conservative approach to financial management and a strong balance sheet structure.
Peer comparison
Dec 31, 2024