Centene Corp (CNC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $26,410,000K
= 0.00
Based on the data provided, Centene Corp's debt-to-equity ratio has consistently been 0.00 from December 31, 2020, through December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a negligible amount of debt in relation to its equity. This could suggest a strong financial position and low financial risk, as the company is not relying heavily on debt to finance its operations. However, it is important to consider other financial metrics and factors to gain a more comprehensive understanding of the company's overall financial health and leverage position.
Peer comparison
Dec 31, 2024