Centene Corp (CNC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 82,445,000 | 82,351,000 | 83,137,000 | 82,624,000 | 84,641,000 | 84,381,000 | 82,853,000 | 82,982,000 | 76,870,000 | 81,172,000 | 81,060,000 | 82,901,000 | 78,375,000 | 77,743,000 | 71,539,000 | 70,285,000 | 68,719,000 | 68,364,000 | 68,347,000 | 66,431,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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, Centene Corp's debt-to-assets ratio has consistently been 0.00 from March 2020 to December 2024. This indicates that the company has not reported any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that Centene Corp's assets have been financed entirely by equity rather than debt. This may suggest a strong financial position, as it implies lower financial risk and less dependence on external borrowing. However, it is essential to consider other financial metrics and factors to obtain a comprehensive understanding of Centene Corp's overall financial health and leverage position.
Peer comparison
Dec 31, 2024