Also trades as: 0HVB.L (LSE) · $vol 1M
CNC NYSE
Centene Corp.
1W: -3.0%
1M: +9.8%
3M: +11.1%
YTD: +64.4%
1Y: +101.6%
3Y: -4.5%
5Y: +6.1%
$68.67
+0.64 (+0.94%)
Weekly Expected Move ±3.7%
$65
$68
$70
$73
$75
Credit Risk of going bust: higher than 60% of companies Debt: 31.4% of company value Bonds: $1.05B held by 553 funds, 128 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.72 (down 96%), Centene Corp. would be worth roughly what it owes.
Total debt $15.54B against a stock market value of $33.92B.
Distance to default 4.22 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $7.82B (short-term plus half of long-term), stock volatility 47.3%; Altman Z'' 1.62. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.72 (down 96%), Centene Corp. would be worth roughly what it owes.
Total debt $15.54B against a stock market value of $33.92B.
Distance to default 4.22 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $7.82B (short-term plus half of long-term), stock volatility 47.3%; Altman Z'' 1.62. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Total Assets
$77.7B
-5.8% ▼
5Y CAGR: +2.5%
Total Liabilities
$57.6B
+3.0% ▲
5Y CAGR: +6.1%
Shareholders Equity
$20.0B
-24.4% ▼
5Y CAGR: -5.0%
Cash & Investments
$17.9B
+7.2% ▲
5Y CAGR: +7.6%
Total Debt
$18.8B
-3.4% ▼
5Y CAGR: +0.5%
Net Debt
$889M
-83.4% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $13.1B | $12.1B | $17.2B | $14.1B | $17.9B |
| Short-Term Investments | $1.5B | $2.3B | $2.5B | $2.6B | $0 |
| Cash & ST Investments | $14.7B | $14.4B | $19.7B | $16.7B | $17.9B |
| Net Receivables | $12.2B | $13.3B | $15.5B | $19.7B | $18.1B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.6B | $2.5B | $5.6B | $1.6B | $0 |
| Total Current Assets | $28.5B | $30.1B | $40.8B | $38.0B | $36.0B |
| Property, Plant & Equip. | $7.0B | $5.0B | $2.4B | $2.4B | $2.4B |
| Goodwill & Intangibles | $27.6B | $25.7B | $23.7B | $23.0B | $15.4B |
| Long-Term Investments | $14.0B | $14.7B | $16.3B | $17.4B | $20.9B |
| Other Non-Current Assets | $1.3B | $1.3B | $1.5B | $1.6B | $2.2B |
| Total Non-Current Assets | $49.9B | $46.7B | $43.9B | $44.4B | $41.7B |
| Total Assets | $78.4B | $76.9B | $84.6B | $82.4B | $77.7B |
| — Liabilities — | |||||
| Accounts Payable | $8.3B | $9.3B | $16.3B | $13.0B | $20.5B |
| Short-Term Debt | $267M | $82M | $119M | $110M | $196M |
| Deferred Revenue | $434M | $478M | $715M | $661M | $736M |
| Other Current Liabilities | $14.2B | $16.7B | $18.0B | $18.3B | -$50M |
| Total Current Liabilities | $25.8B | $28.5B | $36.7B | $34.3B | $21.5B |
| Long-Term Debt | $18.6B | $17.9B | $17.7B | $18.4B | $18.0B |
| Other Non-Current Liab. | $2.0B | $2.5B | $2.7B | $1.8B | $15.8B |
| Total Non-Current Liabilities | $25.6B | $24.2B | $22.0B | $21.7B | $36.1B |
| Total Liabilities | $51.4B | $52.6B | $58.7B | $55.9B | $57.6B |
| — Equity — | |||||
| Common Stock | $1M | $1M | $1M | $1M | $1M |
| Retained Earnings | $8.1B | $9.3B | $12.0B | $15.3B | $8.7B |
| Accumulated OCI | $77M | -$1.1B | -$652M | -$504M | -$58M |
| Total Stockholders Equity | $26.8B | $24.1B | $25.8B | $26.4B | $20.0B |
| Total Liabilities & Equity | $78.4B | $76.9B | $84.6B | $82.4B | $77.7B |
| — Key Metrics — | |||||
| Total Debt | $22.7B | $21.3B | $18.9B | $19.4B | $18.8B |
| Net Debt | $9.5B | $9.3B | $1.7B | $5.4B | $889M |
| Total Investments | $15.6B | $17.0B | $18.7B | $20.1B | $20.9B |