Cencora Inc. (COR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 645,938 | 925,209 | 1,083,140 | 911,703 | 522,003 | 686,018 | 281,686 | -178,131 | -211,559 | 224,299 | 550,309 | 241,546 | 223,354 | 37,962 | -281,756 | -697,222 | -1,018,920 | 3,857,250 | 3,590,590 | 2,954,630 |
| Debt-to-capital ratio | 0.86 | 0.82 | 0.79 | 0.82 | 0.89 | 0.86 | 0.94 | 1.04 | 1.05 | 0.95 | 0.89 | 0.96 | 0.97 | 0.99 | 1.05 | 1.24 | 1.39 | 0.48 | 0.50 | 0.55 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,811,740K ÷ ($3,811,740K + $645,938K)
= 0.86
The debt-to-capital ratio of Cencora Inc. has fluctuated over the past few quarters, indicating varying levels of debt relative to the company's total capital structure. The ratio stood at 0.86 as of Sep 30, 2024, showing an increase compared to the previous quarter. This suggests that the company has taken on more debt relative to its total capital.
Looking back over the past few quarters, the debt-to-capital ratio has generally been above 1, indicating that a significant portion of Cencora's capital structure has been financed by debt rather than equity. This could imply a higher level of financial risk for the company, as a higher debt-to-capital ratio typically means increased financial leverage.
The ratio has shown some variability within the range of 0.79 to 1.39 over the past few quarters. Investors and creditors may monitor this metric closely to assess Cencora's financial risk and debt management practices. It would be beneficial for the company to closely monitor and manage its debt levels to maintain a healthy balance between debt and equity financing for sustainable financial performance.
Peer comparison
Sep 30, 2024