Cencora Inc. (COR)
Financial leverage ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 | 39,172,000 |
| Total stockholders’ equity | US$ in thousands | 522,003 | -211,559 | 223,354 | -1,018,920 | 2,878,920 |
| Financial leverage ratio | 119.84 | — | 256.71 | — | 13.61 |
September 30, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $62,558,700K ÷ $522,003K
= 119.84
The financial leverage ratio of Cencora Inc. has exhibited significant fluctuations over the past few years. In 2020, the ratio stood at 34.23, indicating a moderate level of financial leverage. However, this figure increased substantially to 256.71 in 2021, reflecting a significant surge in the company's reliance on debt to finance its assets. The absence of data for 2022 limits the ability to discern the trend, but the available 2023 figure of 119.84 suggests a reduction in financial leverage compared to the previous year. This fluctuation in the financial leverage ratio indicates a noteworthy shift in the company's capital structure and implies varying degrees of financial risk and opportunities for the company.
Peer comparison
Sep 30, 2023