Here's Why Centene (NYSE:CNC) Can Manage Its Debt Responsibly [Yahoo! Finance]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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centene.com/investors.html
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Source: Yahoo! Finance
Centene Corporation NYSE:CNC ) does carry debt. But should shareholders be worried about its use of debt? When Is Debt Dangerous? Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. If things get really bad, the lenders can take control of the business. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. The first thing to do when considering how much debt a business uses is to look at its cash and debt together. What Is Centene's Net Debt? As you can see below, Centene had US$17.6b of debt, at June 2024, which is about the same as the year before. You can click the chart for
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CNC
Earnings
- 7/26/24 - Miss
CNC
Sec Filings
- 9/27/24 - Form 8-K
- 9/16/24 - Form 8-K
- 9/10/24 - Form 8-K
- CNC's page on the SEC website