Cardinal Health Inc (CAH)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 34,884,000 | 33,737,000 | 32,935,000 | 31,048,000 | 25,940,000 |
| Total current liabilities | US$ in thousands | 35,640,000 | 33,740,000 | 30,550,000 | 27,624,000 | 23,615,000 |
| Current ratio | 0.98 | 1.00 | 1.08 | 1.12 | 1.10 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $34,884,000K ÷ $35,640,000K
= 0.98
The current ratio of Cardinal Health Inc has exhibited a decreasing trend over the past five years, moving from 1.10 in 2020 to 0.98 in 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has weakened. The current ratio of less than 1 in 2024 suggests that the company may be facing challenges in covering its current liabilities with its current assets. It is advisable for Cardinal Health Inc to closely monitor its liquidity position and take necessary steps to improve its current ratio in order to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Jun 30, 2024