Cardinal Health Inc (CAH)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,133,000 | 3,718,000 | 4,591,000 | 3,854,000 | 4,076,000 | 3,990,000 | 3,654,000 | 3,492,000 | 4,717,000 | 2,356,000 | 3,161,000 | 2,463,000 | 3,407,000 | 3,499,000 | 3,737,000 | 2,746,000 | 2,771,000 | 2,329,000 | 1,659,000 | 1,212,000 |
| Short-term investments | US$ in thousands | 200,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 12,084,000 | 11,566,000 | 11,788,000 | 11,265,000 | 11,108,000 | 10,992,000 | 11,421,000 | 11,039,000 | 10,561,000 | 10,250,000 | 9,406,000 | 9,305,000 | 9,103,000 | 8,727,000 | 8,728,000 | 8,637,000 | 8,264,000 | 9,019,000 | 8,280,000 | 8,190,000 |
| 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 |
| Quick ratio | 0.49 | 0.42 | 0.43 | 0.43 | 0.45 | 0.46 | 0.45 | 0.46 | 0.50 | 0.44 | 0.45 | 0.44 | 0.45 | 0.48 | 0.48 | 0.47 | 0.47 | 0.46 | 0.40 | 0.42 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,133,000K
+ $200,000K
+ $12,084,000K)
÷ $35,640,000K
= 0.49
The quick ratio of Cardinal Health Inc has shown some fluctuation over the past few quarters, ranging from 0.40 to 0.50. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates the company may have difficulty meeting its short-term obligations.
The average quick ratio over the period in question is approximately 0.45, suggesting that Cardinal Health has generally had enough liquid assets to cover its short-term liabilities. However, the ratio has occasionally fallen below this average, indicating potential liquidity challenges during those periods.
It is important for investors and creditors to monitor the quick ratio over time to ensure that Cardinal Health maintains a healthy level of liquidity to meet its obligations. Additionally, management should focus on maintaining a consistent and strong quick ratio to mitigate liquidity risks and ensure the company's financial health.
Peer comparison
Jun 30, 2024