Cardinal Health Inc (CAH)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 53,122,000 | 49,871,000 | 47,002,000 | 43,059,000 | 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 |
| Total stockholders’ equity | US$ in thousands | -2,781,000 | -2,948,000 | -2,991,000 | -3,277,000 | -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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 43.77 | 30.86 | 24.82 | 24.51 | 22.69 | 29.34 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $53,122,000K ÷ $-2,781,000K
= —
The financial leverage ratio of Cardinal Health Inc exhibits notable fluctuations over the reported periods. As of September 30, 2020, the ratio stood at 29.34, indicating a relatively high level of leveraged capital structure at that time. This ratio decreased significantly by December 31, 2020, to 22.69, suggesting a reduction in leverage or a potential improvement in debt management or equity position. During the first half of 2021, the ratio experienced slight increases, reaching 24.51 by March 31 and 24.82 by June 30, 2021, which may reflect a modest uptick in leverage or expanded debt.
The most pronounced change occurred between September 30, 2021, and December 31, 2021, when the leverage ratio surged to 43.77. This sharp increase indicates a substantial escalation in financial leverage, possibly due to increased borrowings, acquisitions, or other leverage-increasing activities during this period. Further data beyond December 2021 shows that the ratio is not available for subsequent quarters from March 2022 onward, suggesting that either the calculation methodology changed, the data was not reported, or the company's leverage structure underwent significant transformation, such as deleveraging or restructuring.
Overall, during the period up to late 2021, the company's financial leverage ratio demonstrated variability, with a significant peak at the end of 2021. The absence of subsequent data precludes further analysis of trends beyond that point. The observed fluctuations may reflect strategic corporate decisions, market conditions, or operational changes affecting the company's capital structure during this timeframe.
Peer comparison
Jun 30, 2025