Cardinal Health Inc (CAH)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,133,000 | 4,076,000 | 4,717,000 | 3,407,000 | 2,771,000 |
| Short-term investments | US$ in thousands | 200,000 | — | — | — | — |
| Total current liabilities | US$ in thousands | 35,640,000 | 33,740,000 | 30,550,000 | 27,624,000 | 23,615,000 |
| Cash ratio | 0.15 | 0.12 | 0.15 | 0.12 | 0.12 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,133,000K
+ $200,000K)
÷ $35,640,000K
= 0.15
The cash ratio of Cardinal Health Inc has shown some fluctuations over the past five years. The ratio was 0.12 in June 2020, increased to 0.15 in June 2021, remained at 0.15 in June 2022, decreased to 0.12 in June 2023, and increased again to 0.15 in June 2024.
This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.15 means that for every $1 of current liabilities, Cardinal Health Inc had $0.15 in cash and cash equivalents available.
Overall, the company seems to maintain a relatively stable proportion of cash and cash equivalents compared to its short-term liabilities, which reflects a prudent approach to managing its liquidity position. However, it would be important to further analyze the company's cash management policies and cash flow trends to fully assess its liquidity position.
Peer comparison
Jun 30, 2024