Centene CorporationCNC

Where CNC's Net Debt / EBITDA sits inside its own 10-year distribution, with the yearly high, low and average.

$68.02+0.68 (+1.01%)Previous close
NYSEHealthcare

CNC Net Debt / EBITDA: current value, 10-year range and year-by-year history

Net Debt / EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
CNC Net Debt / EBITDA historyCNC Net Debt / EBITDA from Sep 2023 to Jun 2026: low -0.19, high 2.78, latest 2.78.-0.420.441.32.163.02Sep 23Mar 24Sep 24Jun 25Dec 25Jun 26med 0.3

CNC Net Debt / EBITDA by year

Yearly range of CNC’s net debt / ebitda from 2016 to 2026. Over the full period it ranged from -0.2 to 3.2, averaging 0.9.

CNC Net Debt / EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20261.11.92.82.8
2025-0.20.20.7-0.2
20240.00.40.90.9
20230.20.61.30.3
20221.42.12.72.2
20211.52.32.92.4
20201.01.73.21.6
20190.10.40.80.8
2018-0.2-0.00.60.6
2017-0.10.20.40.4
20160.40.91.30.4

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How many years of operating earnings it would take to pay off the company's net debt. The most common leverage ratio — higher means more financial risk and less flexibility.

Formula(Total Debt − Cash) / EBITDA
Full guide
How to read this chart

Watch the trend more than the level. Declining ratio = deleveraging, growing financial flexibility. Rising ratio = increasing leverage, which constrains dividends, buybacks, and future investment.

Key caveats
  • Sector context is essential: 3× is aggressive for a consumer brand but normal for a regulated utility. Always compare to sector peers.
  • Large acquisitions spike the ratio temporarily — check whether the integration plan credibly drives paydown.
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