Cencora Inc. (COR)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 522,003 | -211,559 | 223,354 | -1,018,920 | 2,878,920 |
| Debt-to-equity ratio | 7.94 | — | 28.58 | — | 1.40 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,146,110K ÷ $522,003K
= 7.94
Based on the provided data, the debt-to-equity ratio of Cencora Inc. has shown fluctuations over the past few years. As of September 30, 2023, the debt-to-equity ratio stands at 9.17, indicating that the company has a higher proportion of debt relative to equity.
Notably, the absence of a value for the ratio in September 30, 2022, suggests that the company may have undergone specific changes in its financial structure during that period.
Comparing the earlier years, the trend in the debt-to-equity ratio shows a decrease from 29.93 in September 30, 2021, to 26.99 in December 31, 2020. This trend suggests that the company has been managing its debt levels more effectively relative to its equity, potentially reducing financial risk over time.
Overall, the downward trend in the debt-to-equity ratio indicates an improving financial structure and potential enhanced solvency for Cencora Inc. It would be advisable to closely monitor future changes in this ratio to assess the company's long-term financial health.
Peer comparison
Sep 30, 2023