Cardinal Health Inc (CAH)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-3,213,000K
= —
Based on the data provided, the debt-to-equity ratio for Cardinal Health Inc was not available for the periods up to the second quarter of 2022. However, for the last four quarters ending in December 2021, the company had a debt-to-equity ratio of 0.00. This indicates that the company had no debt relative to its equity during this period.
A debt-to-equity ratio of 0.00 suggests that the company was entirely financed by equity capital and did not rely on debt to fund its operations or growth. This could imply lower financial risk as the company did not have significant debt obligations that could pose a threat to its financial stability in terms of interest payments or repayment of principal.
It is important to consider the industry norms and benchmark ratios while interpreting the debt-to-equity ratio, as different industries may have varying levels of acceptable leverage. Additionally, a sudden change in the debt-to-equity ratio in more recent periods, if available, could indicate a shift in the company's capital structure or financial strategy that may warrant further investigation.
Peer comparison
Jun 30, 2024