Cardinal Health Inc (CAH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -3,213,000 | -3,265,000 | -3,449,000 | -3,491,000 | -2,958,000 | -2,220,000 | -2,213,000 | -1,781,000 | -709,000 | -697,000 | 998,000 | 1,393,000 | 1,791,000 | 1,790,000 | 1,971,000 | 1,422,000 | 1,789,000 | 1,203,000 | 999,000 | 900,000 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | — | 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-3,213,000K)
= —
Based on the data provided, the debt-to-capital ratio for Cardinal Health Inc has consistently been reported as 0.00 for the periods indicated. This suggests that the company has not had any debt on its balance sheet relative to its total capital during these periods. A low or zero debt-to-capital ratio can indicate a conservative financial structure and lower financial risk for the company, as there is no substantial reliance on debt financing. It is important to note that a zero debt-to-capital ratio may not necessarily indicate a lack of debt, as the ratio could be impacted by the company's accounting practices or financial reporting. Further analysis of the company's financial statements and debt levels would provide a more comprehensive evaluation of its financial position.
Peer comparison
Jun 30, 2024