Cardinal Health Inc (CAH)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 36,373,000 | 34,595,000 | 35,756,000 | 32,905,000 | 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 |
| 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 |
| Current ratio | 0.94 | 0.94 | 1.02 | 0.95 | 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 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $36,373,000K ÷ $38,897,000K
= 0.94
The analysis of Cardinal Health Inc.'s current ratio over the specified period reveals a declining trend. Starting from a ratio of 1.13 as of September 30, 2020, the current ratio experienced minor fluctuations but maintained a level above 1.20 until the end of March 2021, indicating a relatively adequate short-term liquidity position during that period. Subsequently, a gradual decrease in the current ratio is observed, with the figure falling below 1.10 around September 30, 2021, and continuing a steady decline thereafter.
By the end of September 2022, the ratio stood at 1.04, and it further decreased to approximately 1.00 by March 31, 2023, crossing below the critical threshold of 1. suggesting a marginal liquidity buffer in fulfilling short-term obligations. The downward trend persisted, with the ratio reaching a low of 0.95 as of September 30, 2024. Although there was a slight increase back above 1.00 in December 2024 to 1.02, the ratio declined again, settling at 0.94 by June 30, 2025.
Overall, the data indicates a consistent weakening in Cardinal Health’s liquidity position over the observed period. The current ratio's decline toward and below 1 suggests that the company's current assets have become less relative to its current liabilities, potentially implying increased liquidity risk or a strategic change in working capital management. Continuous monitoring is advisable, as further declines could impact the firm's ability to meet short-term financial obligations without additional external financing or asset liquidation.
Peer comparison
Jun 30, 2025