• Centene average debt/equity ratio for 2023 was 0.7, a 1.41% decline from 2022.
• Centene average debt/equity ratio for 2022 was 0.71, a 7.58% decline from 2021.
• Centene average debt/equity ratio for 2021 was 0.66, a 1.49% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.