Cardinal Health Inc (CAH)
Cash ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,133,000 | 3,718,000 | 4,591,000 | 3,854,000 | 4,076,000 | 3,990,000 | 3,654,000 | 3,492,000 | 4,717,000 | 2,356,000 | 3,161,000 | 2,463,000 | 3,407,000 | 3,499,000 | 3,737,000 | 2,746,000 | 2,771,000 | 2,329,000 | 1,659,000 | 1,212,000 |
| Short-term investments | US$ in thousands | 200,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 35,640,000 | 36,306,000 | 38,286,000 | 35,065,000 | 33,740,000 | 32,503,000 | 33,212,000 | 31,559,000 | 30,550,000 | 28,715,000 | 27,729,000 | 26,499,000 | 27,624,000 | 25,323,000 | 25,750,000 | 24,016,000 | 23,615,000 | 24,671,000 | 24,890,000 | 22,549,000 |
| Cash ratio | 0.15 | 0.10 | 0.12 | 0.11 | 0.12 | 0.12 | 0.11 | 0.11 | 0.15 | 0.08 | 0.11 | 0.09 | 0.12 | 0.14 | 0.15 | 0.11 | 0.12 | 0.09 | 0.07 | 0.05 |
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 fluctuated over the past few quarters, ranging from 0.05 to 0.15. The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term liabilities with available cash on hand.
In analyzing the trend of Cardinal Health Inc's cash ratio, we can observe that it has shown some variability but generally remained within a moderate range. The company experienced a noticeable increase in the cash ratio in Jun 30, 2024, compared to the previous quarter, indicating an improvement in its liquidity position. However, it is essential to consider various factors that could influence the cash ratio, such as seasonal fluctuations, operating activities, and investment decisions.
Overall, while the cash ratio of Cardinal Health Inc has shown some fluctuations, it is important for investors and analysts to closely monitor this ratio alongside other liquidity metrics to assess the company's financial health and ability to meet its short-term obligations.
Peer comparison
Jun 30, 2024