Centene Corp (CNC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 82,445,000 | 84,641,000 | 76,870,000 | 78,375,000 | 68,719,000 |
| Total stockholders’ equity | US$ in thousands | 26,410,000 | 25,840,000 | 24,057,000 | 26,795,000 | 25,773,000 |
| Financial leverage ratio | 3.12 | 3.28 | 3.20 | 2.92 | 2.67 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $82,445,000K ÷ $26,410,000K
= 3.12
The financial leverage ratio of Centene Corp has shown a general upward trend over the years, from 2.67 in December 2020 to 3.12 in December 2024. This indicates an increasing reliance on debt to finance the company's operations and investments. The ratio peaked at 3.28 in December 2023, suggesting a higher level of financial risk associated with the company's capital structure during that period. It is important for stakeholders to monitor this trend closely to assess the company's ability to meet its debt obligations and manage its overall financial risk effectively.
Peer comparison
Dec 31, 2024