Centene Corp (CNC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
Centene Corp has shown consistent stability in its solvency ratios over the past several quarters.
The Debt-to-assets ratio, which measures the proportion of a company's assets financed by debt, has remained at 0.00, indicating that the company has not relied on debt to finance its assets.
The Debt-to-capital ratio, reflecting the percentage of a company's capital structure that is funded by debt, has also consistently stood at 0.00, demonstrating that Centene Corp's capital has been predominantly sourced from equity rather than debt.
Similarly, the Debt-to-equity ratio has maintained a steady level of 0.00, emphasizing the absence of financial leverage from debt in the company's capital structure.
The Financial leverage ratio, measuring the extent to which a company relies on debt to finance its operations, has shown a slight increase over time, reaching a peak of 3.34 in September 30, 2023, before stabilizing around 3.00 in subsequent periods. This indicates a moderate level of financial leverage but remains within a manageable range for the company.
Overall, Centene Corp's solvency ratios suggest a conservative approach to capital structure and a solid financial position, with limited reliance on debt financing.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.06 | 6.52 | 5.51 | 4.30 | 3.69 | 3.87 | 4.44 | 5.26 | 5.47 | 6.04 | 6.04 | 5.29 | 4.91 | 3.93 | 3.98 | 5.50 | 4.33 | 5.14 | 5.18 | 3.30 |
Based on the provided data, Centene Corp's interest coverage ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio indicates the company's ability to meet interest payments on its outstanding debt.
Centene Corp's interest coverage ratio started at 3.30 on March 31, 2020, indicating that the company's operating income was able to cover its interest expenses 3.30 times over. The ratio improved to 6.04 by June 30, 2022, before decreasing slightly to 3.69 by December 31, 2023.
The company experienced fluctuations in its interest coverage ratio throughout the period, with ratios generally staying above 3.00, indicating that Centene Corp was able to meet its interest obligations. The ratio reached its peak at 7.06 on December 31, 2024, suggesting that the company's ability to cover interest expenses improved.
Overall, Centene Corp's interest coverage ratio shows variability but generally remained at levels indicating a reasonable ability to meet its interest obligations over the analyzed period.