Cardinal Health Inc (CAH)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -3,213,000 | -2,958,000 | -709,000 | 1,791,000 | 1,789,000 |
| Debt-to-capital ratio | — | — | — | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-3,213,000K)
= —
The debt-to-capital ratio for Cardinal Health Inc was not available for the financial years ending June 30, 2024 and 2023. However, for the years ending June 30, 2022, and June 30, 2021, the ratio was 0.00, indicating that the company had no debt relative to its capital during those periods. This could suggest a conservative capital structure with a lower level of financial leverage. It is important to note that a debt-to-capital ratio of 0.00 may also imply that the company may not have taken on any long-term debt as a source of financing during those years. An evaluation of the company's overall debt levels and strategic financial decisions should be conducted to assess the impact of the debt-to-capital ratio on its financial health and risk profile.
Peer comparison
Jun 30, 2024