Centene Debt Ratio from 2010 to 2024

CNC Stock  USD 73.06  0.77  1.04%   
Centene Corp's Debt Ratio is increasing over the years with slightly volatile fluctuation. Debt Ratio is expected to dwindle to 0.14. During the period from 2010 to 2024 Centene Corp Debt Ratio annual values regression line had geometric mean of  0.19 and mean square error of  0. View All Fundamentals
 
Debt Ratio  
First Reported
2010-12-31
Previous Quarter
0.2106426
Current Value
0.14
Quarterly Volatility
0.05715884
 
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 Ratio Growth Pattern

Below is the plot of the Debt Ratio of Centene Corp over the last few years. It is Centene Corp's Debt Ratio 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.
Debt Ratio10 Years Trend
Slightly volatile
   Debt Ratio   
       Timeline  

Centene Debt Ratio Regression Statistics

Arithmetic Mean0.20
Geometric Mean0.19
Coefficient Of Variation28.39
Mean Deviation0.04
Median0.21
Standard Deviation0.06
Sample Variance0
Range0.2474
R-Value0.46
Mean Square Error0
R-Squared0.21
Significance0.08
Slope0.01
Total Sum of Squares0.05

Centene Debt Ratio History

2024 0.14
2023 0.21
2020 0.24
2019 0.33
2017 0.22
2016 0.23
2015 0.17

Other Fundumenentals of Centene Corp

Centene Corp Debt Ratio component correlations

0.990.71.00.980.910.990.990.990.980.980.96-0.090.970.930.83-0.82-0.630.990.991.00.780.910.960.67
0.990.760.990.950.880.980.970.990.950.950.98-0.070.980.920.85-0.77-0.630.980.990.990.810.910.970.65
0.70.760.670.550.370.750.620.80.60.560.84-0.050.750.510.7-0.41-0.480.690.690.680.730.710.80.4
1.00.990.670.990.930.981.00.980.980.990.94-0.10.960.940.82-0.85-0.630.990.991.00.770.910.950.68
0.980.950.550.990.970.940.990.930.991.00.88-0.10.920.940.76-0.89-0.620.970.980.980.690.870.910.67
0.910.880.370.930.970.850.950.850.950.960.79-0.080.830.940.66-0.88-0.650.90.920.930.580.760.80.57
0.990.980.750.980.940.850.960.970.940.960.95-0.110.980.910.85-0.76-0.530.990.970.980.810.950.960.76
0.990.970.621.00.990.950.960.960.990.990.92-0.090.940.940.8-0.88-0.640.980.990.990.740.880.930.65
0.990.990.80.980.930.850.970.960.950.930.99-0.080.960.890.84-0.78-0.680.970.990.980.80.890.970.59
0.980.950.60.980.990.950.940.990.950.980.9-0.110.90.930.72-0.92-0.680.960.980.980.650.850.910.61
0.980.950.560.991.00.960.960.990.930.980.88-0.110.930.950.78-0.86-0.580.980.970.980.710.890.910.71
0.960.980.840.940.880.790.950.920.990.90.88-0.120.940.840.84-0.72-0.70.930.960.950.810.860.970.55
-0.09-0.07-0.05-0.1-0.1-0.08-0.11-0.09-0.08-0.11-0.11-0.120.00.08-0.160.210.28-0.12-0.11-0.04-0.15-0.23-0.21-0.2
0.970.980.750.960.920.830.980.940.960.90.930.940.00.90.89-0.68-0.480.970.950.960.860.920.950.72
0.930.920.510.940.940.940.910.940.890.930.950.840.080.90.67-0.77-0.520.930.920.950.60.790.820.64
0.830.850.70.820.760.660.850.80.840.720.780.84-0.160.890.67-0.51-0.430.840.810.80.990.850.870.65
-0.82-0.77-0.41-0.85-0.89-0.88-0.76-0.88-0.78-0.92-0.86-0.720.21-0.68-0.77-0.510.71-0.8-0.84-0.83-0.44-0.7-0.76-0.44
-0.63-0.63-0.48-0.63-0.62-0.65-0.53-0.64-0.68-0.68-0.58-0.70.28-0.48-0.52-0.430.71-0.55-0.69-0.63-0.39-0.4-0.620.06
0.990.980.690.990.970.90.990.980.970.960.980.93-0.120.970.930.84-0.8-0.550.980.990.790.940.950.75
0.990.990.690.990.980.920.970.990.990.980.970.96-0.110.950.920.81-0.84-0.690.980.990.750.880.960.61
1.00.990.681.00.980.930.980.990.980.980.980.95-0.040.960.950.8-0.83-0.630.990.990.750.890.940.65
0.780.810.730.770.690.580.810.740.80.650.710.81-0.150.860.60.99-0.44-0.390.790.750.750.850.850.64
0.910.910.710.910.870.760.950.880.890.850.890.86-0.230.920.790.85-0.7-0.40.940.880.890.850.950.85
0.960.970.80.950.910.80.960.930.970.910.910.97-0.210.950.820.87-0.76-0.620.950.960.940.850.950.68
0.670.650.40.680.670.570.760.650.590.610.710.55-0.20.720.640.65-0.440.060.750.610.650.640.850.68
Click cells to compare fundamentals

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 Ratio, 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 Ratio 0.21  0.14 
Cash Flow To Debt Ratio 0.45  0.43 

Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Centene Stock

  0.63CVS CVS Health CorpPairCorr

Moving against Centene Stock

  0.71ACB Aurora Cannabis TrendingPairCorr
  0.55FLGC Flora Growth Corp Buyout TrendPairCorr
The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Centene Stock analysis

When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Equity Valuation
Check real value of public entities based on technical and fundamental data
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.