Cardinal Health Inc (CAH)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,874,000 | 3,326,000 | 3,810,000 | 2,867,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | 200,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 38,897,000 | 36,662,000 | 35,223,000 | 34,678,000 | 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 |
| Cash ratio | 0.10 | 0.09 | 0.11 | 0.08 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,874,000K
+ $—K)
÷ $38,897,000K
= 0.10
The cash ratio of Cardinal Health Inc. demonstrates notable fluctuations over the observed period from September 2020 through June 2025. Initially, the ratio was relatively low at 0.11 in September 2020 and exhibited a gradual upward trend, peaking at 0.15 in December 2020 and again in June 2024. Throughout 2021, the ratio declined slightly, reaching a low of 0.08 in March 2022, before rebounding to 0.15 by June 2022.
During the subsequent years, the cash ratio generally remained within a narrow band, oscillating between approximately 0.08 and 0.15. The lowest point observed was 0.08 in March 2022, while the highest was again 0.15 in June 2022 and June 2024. This indicates periods of liquidity variability, with the company maintaining a modest portion of its current assets in cash relative to current liabilities.
In the more recent periods, the ratio stabilized around 0.11 to 0.12, reflecting a relatively conservative cash position. Slight declines to 0.10 in March 2024 and 0.09 in March 2025 suggest minor reductions in cash holdings, whereas increases to 0.15 in June 2024 indicate moments of improved liquidity. Overall, the cash ratio remains below 0.2 throughout the timeline, implying a cautious approach to cash holdings relative to current liabilities, characteristic of a company operating within a stable liquidity range, but not overly reliant on cash as a primary liquidity buffer.
Peer comparison
Jun 30, 2025