Cardinal Health Inc (CAH)

Debt-to-equity 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-equity ratio 0.00 0.00

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-3,213,000K
= —

The debt-to-equity ratio for Cardinal Health Inc was not available for the years ending June 30, 2024 and June 30, 2023. However, in the previous years ending June 30, 2022, June 30, 2021, and June 30, 2020, the company had a debt-to-equity ratio of 0.00. This indicates that in those years, the company did not have any long-term debt, as the ratio was zero. Having a debt-to-equity ratio of 0.00 can signify that the company's capital structure was primarily funded by equity rather than debt, which may be seen as a positive indicator of financial stability.


Peer comparison

Jun 30, 2024

Company name
Symbol
Debt-to-equity ratio
Cardinal Health Inc
CAH
Cencora Inc.
COR
7.94
McKesson Corporation
MCK
Nu Skin Enterprises Inc
NUS
0.58