CNC Debt-to-Equity Ratio Analysis

The Debt-to-Equity Ratio measures how much debt a company uses to finance its assets relative to shareholders' equity; CNC's current 0.71x means it carries 71 cents of debt for every dollar of equity, a moderate leverage level.

This sits just below the sector median of 0.74x, placing CNC at the 48th percentile among sector peers, so its capital structure is essentially in line with the typical company in its field. The year-over-year change is not available, and the 8-quarter trend direction is also not available, but the quarter-over-quarter change shows a -6.6% decline from the prior quarter's 0.76x, indicating recent deleveraging. Because the level is slightly conservative versus peers and the ratio is moving downward, the risk from debt financing is easing rather than building, which is a mild positive. However, the overall verdict on CNC is CAUTIOUS, and this metric alone does not override that stance—it supports a cautious view by confirming average leverage without any exceptional strength or weakness. The combination of a near-median ratio and a falling trend offers limited upside from balance-sheet improvement, so the cautious verdict remains appropriate.

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