Cardinal Health Inc (CAH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 34,884,000 | 35,734,000 | 37,658,000 | 34,688,000 | 33,737,000 | 33,497,000 | 34,596,000 | 32,696,000 | 32,935,000 | 30,884,000 | 31,847,000 | 29,731,000 | 31,048,000 | 30,362,000 | 30,113,000 | 27,030,000 | 25,940,000 | 25,848,000 | 25,736,000 | 23,715,000 |
| 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 |
| Current ratio | 0.98 | 0.98 | 0.98 | 0.99 | 1.00 | 1.03 | 1.04 | 1.04 | 1.08 | 1.08 | 1.15 | 1.12 | 1.12 | 1.20 | 1.17 | 1.13 | 1.10 | 1.05 | 1.03 | 1.05 |
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 shown a consistent trend over the past few quarters. The ratio has remained relatively stable around the range of 0.98 to 1.08, indicating that the company has been able to maintain a healthy level of current assets relative to its current liabilities.
While a current ratio of 1.0 is generally considered as a benchmark for a healthy liquidity position, the company's current ratios have mostly been above this level, suggesting that Cardinal Health Inc has had a slightly stronger liquidity position compared to the industry average.
The slight fluctuations in the current ratio over the quarters may be attributed to changes in the company's current assets and liabilities. It is important for investors and stakeholders to continue monitoring Cardinal Health Inc's current ratio to ensure that the company maintains a stable and healthy liquidity position to meet its short-term obligations.
Peer comparison
Jun 30, 2024