Cencora Inc. (COR)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 67,101,700 | 66,772,400 | 63,868,000 | 64,690,300 | 62,558,700 | 61,177,200 | 58,766,200 | 57,906,900 | 56,560,600 | 57,173,600 | 57,308,200 | 57,577,600 | 57,337,800 | 55,930,900 | 47,003,200 | 45,846,800 | 44,274,800 | 40,789,700 | 42,042,300 | 40,016,700 |
| 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 |
| Financial leverage ratio | 103.88 | 72.17 | 58.97 | 70.96 | 119.84 | 89.18 | 208.62 | — | — | 254.90 | 104.14 | 238.37 | 256.71 | 1,473.34 | — | — | — | 10.57 | 11.71 | 13.54 |
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 shown fluctuations over the past few quarters, ranging from as low as 10.57 to as high as 1,473.34. This ratio indicates the extent to which the company relies on debt to finance its operations and growth.
A higher financial leverage ratio suggests that the company has taken on a significant amount of debt relative to its equity, which may pose risks in terms of financial stability and solvency. On the other hand, a lower ratio indicates a lower reliance on debt financing, which can be seen as a positive sign of financial health.
Cencora Inc. experienced a significant increase in its financial leverage ratio in the most recent quarters, reaching levels above 200, reflecting a substantial proportion of debt in its capital structure. This increase may raise concerns about the company's ability to manage its debt effectively and meet its financial obligations.
It is crucial for investors and stakeholders to closely monitor Cencora Inc.'s financial leverage ratio trends to assess the company's overall financial risk and leverage position. Additionally, management should focus on maintaining a balance between debt and equity financing to ensure sustainable growth and financial stability in the long term.
Peer comparison
Sep 30, 2024