Cencora Inc. (COR)
Debt-to-equity 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-equity ratio | 5.90 | 4.50 | 3.86 | 4.59 | 7.94 | 6.06 | 16.57 | — | — | 20.69 | 8.44 | 26.55 | 28.58 | 175.10 | — | — | — | 0.94 | 1.01 | 1.23 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,811,740K ÷ $645,938K
= 5.90
The debt-to-equity ratio of Cencora Inc. has fluctuated over the past few quarters, indicating varying levels of financial leverage and risk exposure. In the most recent quarter, as of September 30, 2024, the debt-to-equity ratio stood at 5.90, which implies that the company had a higher level of debt relative to equity. Comparing this to the previous quarters, we see a decreasing trend from the peak of 175.10 in March 2021, indicating a potential improvement in the company's capital structure.
The significant fluctuations in the debt-to-equity ratio suggest that Cencora Inc. has been actively managing its debt levels and equity base over time. A high debt-to-equity ratio may indicate higher financial risk and potential inability to cover debt obligations, while a low ratio may suggest underutilization of debt financing.
The absence of data for December 31, 2022, and the lack of recent data may limit the ability to make a comprehensive assessment of the company's current financial leverage position. It would be advisable for stakeholders to closely monitor the company's debt-to-equity ratio in conjunction with other financial metrics to assess its overall financial health and risk profile.
Peer comparison
Sep 30, 2024