Centene Corp (CNC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.12 | 3.02 | 3.04 | 3.06 | 3.28 | 3.34 | 3.23 | 3.31 | 3.20 | 3.20 | 3.08 | 3.05 | 2.92 | 2.94 | 2.76 | 2.67 | 2.67 | 2.66 | 2.73 | 2.82 |
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 exhibited a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 2.82 on March 31, 2020, and experienced a gradual decline reaching its lowest point of 2.66 on September 30, 2020. Subsequently, the ratio slightly increased to 2.76 by June 30, 2021, but then saw a significant rise to 3.20 by September 30, 2022, demonstrating an increase in financial leverage.
After reaching the peak of 3.34 on September 30, 2023, the ratio decreased slightly to 3.12 by December 31, 2024. Throughout the period, the financial leverage ratio remained above 3.00, indicating that Centene Corp has maintained a high level of financial leverage, which may imply a higher proportion of debt to equity in its capital structure. This could suggest increased financial risk and potential volatility in earnings and cash flows due to interest obligations associated with higher leverage.
Peer comparison
Dec 31, 2024