Centene Cash And Equivalents vs Long Term Debt Analysis
CNC Stock | USD 78.10 0.04 0.05% |
Centene Corp financial indicator trend analysis is way more than just evaluating Centene Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centene Corp is a good investment. Please check the relationship between Centene Corp Cash And Equivalents and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
Cash And Equivalents vs Long Term Debt
Cash And Equivalents vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centene Corp Cash And Equivalents account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Centene Corp's Cash And Equivalents and Long Term Debt is 0.95. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Centene Corp, assuming nothing else is changed. The correlation between historical values of Centene Corp's Cash And Equivalents and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Centene Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash And Equivalents i.e., Centene Corp's Cash And Equivalents and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash And Equivalents
Long Term Debt
Long-term debt is a debt that Centene Corp has held for over one year. Long-term debt appears on Centene Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Centene Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Centene Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.At present, Centene Corp's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 14.68, whereas Discontinued Operations is forecasted to decline to about 1.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 14.2B | 16.7B | 31.5B | 33.1B | Total Revenue | 126.0B | 144.5B | 154.0B | 161.7B |
Centene Corp fundamental ratios Correlations
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Centene Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Centene Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 41.0B | 68.7B | 78.4B | 76.9B | 84.6B | 88.9B | |
Short Long Term Debt Total | 13.7B | 16.8B | 18.8B | 18.0B | 17.8B | 18.7B | |
Total Stockholder Equity | 12.6B | 25.8B | 26.8B | 24.1B | 25.8B | 27.1B | |
Net Debt | 1.6B | 6.0B | 5.7B | 5.9B | 636M | 831.5M | |
Non Current Assets Total | 20.7B | 45.3B | 49.9B | 46.7B | 43.9B | 46.1B | |
Non Currrent Assets Other | 1.9B | 1.5B | 3.5B | 2.2B | 6.1B | 6.4B | |
Other Assets | 1.2B | 2.7B | 4.8B | 1.2B | 1.4B | 1.5B | |
Liabilities And Stockholders Equity | 41.0B | 68.7B | 78.4B | 76.9B | 84.6B | 88.9B | |
Non Current Liabilities Total | 15.4B | 21.2B | 25.6B | 24.2B | 22.0B | 23.1B | |
Other Stockholder Equity | 7.4B | 18.6B | 18.6B | 15.8B | 14.4B | 15.2B | |
Total Liab | 28.3B | 42.8B | 51.4B | 52.6B | 58.7B | 61.6B | |
Common Stock Shares Outstanding | 420.4M | 579.1M | 590.5M | 582.0M | 545.7M | 293.9M | |
Other Current Liab | 8.3B | 13.9B | 16.6B | 18.4B | 18B | 18.9B | |
Total Current Liabilities | 12.9B | 21.6B | 25.8B | 28.5B | 36.7B | 38.6B | |
Other Liab | 1.1B | 4.5B | 7.0B | 3.1B | 3.6B | 3.7B | |
Property Plant And Equipment Net | 2.1B | 2.8B | 3.4B | 2.4B | 2.0B | 2.1B | |
Retained Earnings | 5.0B | 6.8B | 8.1B | 9.3B | 12.0B | 12.6B | |
Accounts Payable | 4.2B | 7.1B | 8.5B | 9.5B | 17.9B | 18.8B | |
Cash | 12.1B | 10.8B | 13.1B | 12.1B | 17.2B | 18.1B | |
Long Term Debt | 13.6B | 16.7B | 18.6B | 17.9B | 17.7B | 18.6B | |
Cash And Short Term Investments | 13.0B | 12.4B | 14.7B | 14.4B | 19.7B | 20.6B | |
Net Receivables | 6.2B | 9.7B | 12.2B | 13.3B | 15.5B | 16.3B | |
Good Will | 6.9B | 18.7B | 19.8B | 18.8B | 17.6B | 18.4B | |
Short Term Investments | 863M | 1.6B | 1.5B | 2.3B | 2.5B | 2.6B | |
Other Current Assets | 1.1B | 1.3B | 1.6B | 2.5B | 40.8B | 42.8B | |
Property Plant And Equipment Gross | 2.1B | 4.1B | 3.4B | 2.4B | 4.4B | 4.6B | |
Total Current Assets | 20.3B | 23.4B | 28.5B | 30.1B | 40.8B | 42.8B | |
Accumulated Other Comprehensive Income | 134M | 337M | 77M | (1.1B) | (652M) | (619.4M) | |
Intangible Assets | 2.1B | 8.4B | 7.8B | 6.9B | 6.1B | 6.4B | |
Common Stock | 4.3B | 7.4B | 0.0 | 1M | 1.2M | 1.1M | |
Property Plant Equipment | 2.1B | 2.8B | 3.4B | 2.4B | 2.8B | 2.9B | |
Current Deferred Revenue | 383M | 523M | 434M | 478M | 715M | 750.8M | |
Short Term Debt | 88M | 97M | 267M | 82M | 119M | 125.0M | |
Treasury Stock | (214M) | (816M) | (1.1B) | (4.2B) | (3.8B) | (3.6B) | |
Net Tangible Assets | 3.7B | (1.2B) | (800M) | (1.6B) | (1.4B) | (1.4B) | |
Noncontrolling Interest In Consolidated Entity | 108M | 112M | 145M | 124M | 142.6M | 149.7M | |
Retained Earnings Total Equity | 5.0B | 6.8B | 8.1B | 9.3B | 10.7B | 11.3B |
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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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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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.