McKesson Corporation (MCK)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 6,406,000 | 6,335,000 |
| Total assets | US$ in thousands | 67,443,000 | 62,320,000 | 63,298,000 | 65,015,000 | 61,247,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $67,443,000K
= 0.00
The debt-to-assets ratio for McKesson Corporation has remained at 0.00 for the fiscal years ending in March 2022 and March 2023. This indicates that the company had no debt in relation to its total assets during those periods.
In the previous fiscal years ending in March 2020 and March 2021, the company had a debt-to-assets ratio of 0.10, suggesting that 10% of the company's assets were financed by debt.
The consistent 0.00 debt-to-assets ratio in the recent years signifies that McKesson Corporation has been successfully managing its debt levels, potentially utilizing other forms of financing or operating with a strong cash position. This can be viewed positively by investors and creditors as it indicates lower financial risk and a healthier balance sheet.
Peer comparison
Mar 31, 2024