Cencora Inc. (COR)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,146,110 | 4,632,360 | 6,383,710 | 3,618,260 | 4,033,880 |
| Total assets | US$ in thousands | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 | 39,172,000 |
| Debt-to-assets ratio | 0.07 | 0.08 | 0.11 | 0.08 | 0.10 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,146,110K ÷ $62,558,700K
= 0.07
The debt-to-assets ratio of Cencora Inc. has decreased from 0.79 in 2020 to 0.08 in 2023. This indicates a positive trend as the company's reliance on debt to finance its assets has been declining. A lower ratio suggests that the company has a lower level of financial leverage and is less reliant on debt to fund its operations, which may indicate improved financial stability and lower risk. It is also important to note that a decreasing trend in this ratio could be a positive signal to creditors and investors, as it indicates better financial health and a stronger ability to meet its debt obligations. Overall, the decreasing trend in the debt-to-assets ratio is a positive sign for Cencora Inc.'s financial position and stability.
Peer comparison
Sep 30, 2023