Cencora Inc. (COR)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 67,101,700 | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 |
| Total stockholders’ equity | US$ in thousands | 645,938 | 522,003 | -211,559 | 223,354 | -1,018,920 |
| Financial leverage ratio | 103.88 | 119.84 | — | 256.71 | — |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $67,101,700K ÷ $645,938K
= 103.88
The financial leverage ratio of Cencora Inc. has exhibited a decreasing trend over the last few years. In 2023, the ratio was 119.84, indicating a slightly higher level of financial leverage compared to 2024 when it decreased to 103.88. The company's financial leverage ratio was not reported for 2020 and 2022, but there was a significant increase from 2021 to 2023, with a ratio of 256.71 in 2021. This suggests that Cencora Inc. has been gradually reducing its reliance on debt to finance its operations and investments. A lower financial leverage ratio indicates a lower proportion of debt in the company's capital structure, which can be a positive sign for investors and creditors as it may reduce the company's financial risk and improve its financial stability.
Peer comparison
Sep 30, 2024