Cardinal Health Inc (CAH)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | 43.77 | 30.86 | 24.82 | 24.51 | 22.69 | 29.34 | 22.79 | 34.20 | 41.08 | 43.53 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $45,121,000K ÷ $-3,213,000K
= —
The financial leverage ratio of Cardinal Health Inc has shown fluctuations over the past several quarters, ranging from 22.69% to 43.77%. The trend of the ratio indicates varying levels of leverage in the company's capital structure.
In the most recent quarter, the financial leverage ratio was not available. However, in the preceding quarters, the ratio was relatively high, indicating a higher proportion of debt in the company's capital structure compared to equity. This suggests that Cardinal Health has been relying more on debt financing to support its operations and growth strategies during those periods.
It is important to note that the financial leverage ratio can have implications for the company's risk profile and financial stability. High levels of leverage can amplify returns for shareholders in favorable times but can also increase financial risk and vulnerability during economic downturns or periods of financial distress.
Overall, Cardinal Health's financial leverage ratio has fluctuated over time, highlighting the company's changing approach to capital structure management and financing decisions. Further analysis of the company's financial statements and performance indicators would be needed to fully assess the potential impact of this leverage on its overall financial health.
Peer comparison
Jun 30, 2024