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Centene CNC Debt-to-assets

Debt-to-assets at other companies

Humana logo
HumanaHUM
0.3×0.0×
CVS Health logo
CVS HealthCVS
0.1×0.0×
UnitedHealth Group logo
UnitedHealth GroupUNH
0.2×0.0×
Elevance Health logo
Elevance HealthELV
0.3×0.0×
Cencora logo
CencoraCOR
0.1×0.0×
Cigna logo
CignaCI
0.0×

Other financials

Income statement

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Revenue$49.9B+7.1%
Gross profit$49.2B+7.2%
Operating income$1.9B+21.3%
Net income$1.5B+17.5%
EPS (diluted)$3.11+18.3%

Balance sheet

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Cash & equivalents$21.3B+43.5%
Total debt$16.4B-10.6%
Total equity$21.4B-23.2%
Total assets$81.2B-6.7%

Cash flow

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Operating cash flow$4.4B+189%
CapEx$200.0M+48.2%
Free cash flow$4.2B+203%

Valuation

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Market cap$30.13B-46.5%
Enterprise value$25.24B-66.7%
P/S0.2×-0.2×

Profitability

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Gross margin98.7%+0.3pp
Operating margin-3.7%-5.8pp
Net margin-3.3%-5.3pp

Returns & leverage

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Return on equity-26.1%-38.7pp
Debt / equity0.8×+0.1×
Current ratio1.1×0.0×

Where this comes from

Calculated from Centene’s reported figures.

Based on the most recent quarter.

The official record: Centene’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centene's debt-to-assets?
Centene (CNC) reported debt-to-assets of 0.2× in Q1 2026.
How has Centene's debt-to-assets changed year-over-year?
Centene's debt-to-assets decreased by 4.2% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Centene's debt-to-assets?
Over 4 years (2021 to 2025), Centene's debt-to-assets has grown at a -5.8% compound annual growth rate (CAGR), from 1.1× to 0.9×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.