Cardinal Health Inc (CAH)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,874,000 | 5,133,000 | 4,076,000 | 4,717,000 | 3,407,000 |
| Short-term investments | US$ in thousands | — | 200,000 | — | — | — |
| Receivables | US$ in thousands | 13,242,000 | 12,084,000 | 11,108,000 | 10,561,000 | 9,103,000 |
| Total current liabilities | US$ in thousands | 38,897,000 | 35,640,000 | 33,740,000 | 30,550,000 | 27,624,000 |
| Quick ratio | 0.44 | 0.49 | 0.45 | 0.50 | 0.45 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,874,000K
+ $—K
+ $13,242,000K)
÷ $38,897,000K
= 0.44
The quick ratio of Cardinal Health Inc. demonstrates a relatively stable liquidity position over the analyzed period, with values fluctuating between 0.44 and 0.50. Specifically, on June 30, 2021, the quick ratio was 0.45, indicating that the company's liquid assets covered approximately 45% of its current liabilities at that time. This ratio slightly increased to 0.50 by June 30, 2022, suggesting an improvement in liquidity, then reverted to 0.45 by June 30, 2023. The ratio further increased marginally to 0.49 in June 30, 2024, before decreasing again to 0.44 by June 30, 2025. Overall, the trend reflects a consistent pattern of liquidity levels just below 0.50, implying that the company's most liquid assets are often insufficient to fully cover its current liabilities without involving inventory or other less liquid current assets. This consistency indicates a stable but relatively conservative liquidity position, with no significant improvements or deteriorations over the period.
Peer comparison
Jun 30, 2025