Cardinal Health Inc (CAH)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 45,121,000 | 43,349,000 | 43,878,000 | 44,453,000 | 40,766,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $45,121,000K
= 0.00
The debt-to-assets ratio for Cardinal Health Inc has consistently been reported as 0.00 for the past five years, indicating that the company has not used any debt to finance its assets during this period. This suggests that Cardinal Health Inc has been primarily relying on equity financing to fund its operations and investments, which can be a positive sign of financial stability and a lower risk of financial distress. However, it is important to consider that a very low or zero debt-to-assets ratio could also imply missed opportunities to leverage debt for potential growth or tax benefits. Further analysis of the company's overall financial health and strategic decisions would be necessary to fully assess the implications of this consistent ratio.
Peer comparison
Jun 30, 2024