Cardinal Health Inc (CAH)

Debt-to-assets 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
Long-term debt US$ in thousands
Total assets US$ in thousands 45,121,000 45,880,000 46,573,000 43,710,000 43,349,000 43,377,000 44,482,000 43,387,000 43,878,000 42,111,000 43,680,000 42,993,000 44,453,000 43,874,000 44,719,000 41,727,000 40,766,000 41,148,000 41,042,000 39,179,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 of Cardinal Health Inc has consistently been reported as 0.00 across the various periods provided in the table. This ratio indicates that the company has not reported any debt on its balance sheet relative to its total assets during these periods. It suggests that Cardinal Health has not relied on debt financing to fund its operations or investments, and the company maintains a relatively strong financial position in terms of debt leverage. It is important to note that a debt-to-assets ratio of 0.00 may not necessarily imply that the company is debt-free, as certain types of debt or liabilities may not be captured in this ratio calculation. It would be advisable to analyze additional financial metrics and disclosures to gain a more comprehensive understanding of Cardinal Health's overall financial health and capital structure.


Peer comparison

Jun 30, 2024

Company name
Symbol
Debt-to-assets ratio
Cardinal Health Inc
CAH
0.00
Cencora Inc.
COR
0.06
McKesson Corporation
MCK
0.00
Nu Skin Enterprises Inc
NUS
0.26