Cencora Inc. (COR)
Debt-to-assets ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,811,740 | 4,165,910 | 4,180,310 | 4,185,940 | 4,146,110 | 4,159,850 | 4,666,530 | 4,656,030 | 4,632,360 | 4,640,130 | 4,646,710 | 6,412,540 | 6,383,710 | 6,647,180 | 6,147,110 | 3,640,740 | 3,618,260 | 3,620,640 | 3,622,390 | 3,636,110 |
| Total assets | US$ in thousands | 67,101,700 | 66,772,400 | 63,868,000 | 64,690,300 | 62,558,700 | 61,177,200 | 58,766,200 | 57,906,900 | 56,560,600 | 57,173,600 | 57,308,200 | 57,577,600 | 57,337,800 | 55,930,900 | 47,003,200 | 45,846,800 | 44,274,800 | 40,789,700 | 42,042,300 | 40,016,700 |
| Debt-to-assets ratio | 0.06 | 0.06 | 0.07 | 0.06 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.11 | 0.11 | 0.12 | 0.13 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,811,740K ÷ $67,101,700K
= 0.06
The debt-to-assets ratio of Cencora Inc. has been relatively stable over the past several quarters, ranging between 0.06 to 0.13. This ratio indicates the proportion of the company's assets that are financed through debt, with a lower ratio generally viewed more favorably as it suggests lower financial risk.
Cencora Inc. has maintained a low to moderate debt-to-assets ratio, which may indicate prudent financial management and a lower reliance on debt for funding its operations and investments. The upward trend in the ratio from 0.06 in the most recent quarter to 0.13 at the end of 2020 could be a point of concern as it suggests an increase in the company's debt relative to its assets.
However, without additional context or industry benchmarks, it is challenging to assess whether Cencora Inc.'s current debt-to-assets ratio is favorable or not. Further analysis considering the company's overall financial health, profitability, and future growth prospects would be necessary to provide a more comprehensive evaluation of its leverage position.
Peer comparison
Sep 30, 2024