Centene Corp (CNC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 26,410,000 | 25,840,000 | 24,057,000 | 26,795,000 | 25,773,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $26,410,000K)
= 0.00
Centene Corp's debt-to-capital ratio has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations during this period, resulting in its capital structure being entirely composed of equity. A debt-to-capital ratio of 0.00 generally suggests a lower financial risk for the company as it implies a lower reliance on debt to finance its activities. However, it is important to consider that a very low debt-to-capital ratio may also indicate missed opportunities for leveraging debt for potentially higher returns.
Peer comparison
Dec 31, 2024