Centene Debt To Equity from 2010 to 2024

CNC Stock  USD 78.10  0.04  0.05%   
Centene Corp's Debt To Equity is increasing over the years with slightly volatile fluctuation. Overall, Debt To Equity is expected to go to 0.72 this year. Debt To Equity is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. View All Fundamentals
 
Debt To Equity  
First Reported
2010-12-31
Previous Quarter
0.68997678
Current Value
0.72
Quarterly Volatility
0.37322866
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Centene Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centene main balance sheet or income statement drivers, such as Interest Expense of 761.2 M, Selling General Administrative of 12.9 B or Total Revenue of 161.7 B, as well as many exotic indicators such as Price To Sales Ratio of 0.42, Dividend Yield of 0.0048 or PTB Ratio of 1.62. Centene financial statements analysis is a perfect complement when working with Centene Corp Valuation or Volatility modules.
  
This module can also supplement Centene Corp's financial leverage analysis and stock options assessment as well as various Centene Corp Technical models . Check out the analysis of Centene Corp Correlation against competitors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

Latest Centene Corp's Debt To Equity Growth Pattern

Below is the plot of the Debt To Equity of Centene Corp over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Centene Corp's Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Centene Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.84 %10 Years Trend
Slightly volatile
   Debt To Equity   
       Timeline  

Centene Debt To Equity Regression Statistics

Arithmetic Mean0.57
Coefficient Of Variation65.02
Mean Deviation0.20
Median0.65
Standard Deviation0.37
Sample Variance0.14
Range1.7392
R-Value0.61
Mean Square Error0.09
R-Squared0.37
Significance0.02
Slope0.05
Total Sum of Squares1.95

Centene Debt To Equity History

2024 0.72
2022 0.75
2021 0.7
2020 0.65
2019 1.09
2018 0.61
2017 0.69

About Centene Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Centene Corp income statement, its balance sheet, and the statement of cash flows. Centene Corp investors use historical funamental indicators, such as Centene Corp's Debt To Equity, to determine how well the company is positioned to perform in the future. Although Centene Corp investors may use each financial statement separately, they are all related. The changes in Centene Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centene Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centene Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centene Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Debt To Equity 0.69  0.72 

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:
Check out the analysis of Centene Corp Correlation against competitors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.059
Earnings Share
5.07
Revenue Per Share
264.738
Quarterly Revenue Growth
0.044
Return On Assets
0.0367
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.