Cardinal Health Inc (CAH)
Current ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 36,373,000 | 34,884,000 | 33,737,000 | 32,935,000 | 31,048,000 |
| Total current liabilities | US$ in thousands | 38,897,000 | 35,640,000 | 33,740,000 | 30,550,000 | 27,624,000 |
| Current ratio | 0.94 | 0.98 | 1.00 | 1.08 | 1.12 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $36,373,000K ÷ $38,897,000K
= 0.94
The current ratio of Cardinal Health Inc. has demonstrated a declining trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the current ratio decreased from 1.12 in 2021 to 1.08 in 2022, indicating a modest reduction in the company's ability to meet its short-term obligations with its short-term assets. The decline continued into 2023, reaching a ratio of 1.00, which suggests that the company's current assets and current liabilities are nearly equivalent. Further decreases are observed in subsequent years, with the ratio dropping to 0.98 in 2024 and further to 0.94 in 2025. This sustained decline indicates a gradually diminishing liquidity cushion, implying that the company's buffer to cover short-term liabilities with current assets has become narrower over time. A current ratio below 1.00 in 2023 onwards may warrant attention, as it suggests the potential for liquidity management challenges if the trend persists.
Peer comparison
Jun 30, 2025