Centene Corp (CNC)

Debt-to-capital 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 stockholders’ equity US$ in thousands 26,410,000 27,307,000 27,351,000 26,958,000 25,840,000 25,295,000 25,671,000 25,042,000 24,057,000 25,378,000 26,289,000 27,169,000 26,795,000 26,466,000 25,911,000 26,342,000 25,773,000 25,725,000 25,056,000 23,549,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $26,410,000K)
= 0.00

Centene Corp has consistently maintained a debt-to-capital ratio of 0.00% throughout the period from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00% indicates that the company has not utilized debt to finance its operations and investments, or that the amount of debt is negligible compared to the total capital employed in the business. This suggests that Centene Corp has a low financial risk related to debt obligations and a strong capital structure. It also implies that the company may be relying more on equity financing or internal funds for its growth and expansion initiatives rather than debt financing.