McKesson Corporation (MCK)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	5,518,000	5,946,000	—	6,406,000	—	5,848,000	6,395,000	6,335,000	6,734,000	7,342,000	7,382,000
Total assets	US$ in thousands	67,443,000	66,512,000	66,091,000	64,096,000	62,320,000	62,690,000	63,081,000	62,295,000	63,298,000	63,708,000	63,601,000	62,894,000	65,015,000	61,845,000	61,558,000	57,666,000	61,247,000	60,873,000	58,994,000	61,680,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.09	0.00	0.10	0.00	0.09	0.11	0.10	0.11	0.12	0.12

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $67,443,000K
= 0.00

The debt-to-assets ratio of McKesson Corporation has shown stability over the past several quarters, consistently remaining low at around 0.00 to 0.12. This indicates that the company has been funding its operations and investments primarily through its equity rather than debt. The ratios of 0.00 in most recent quarters suggest that the company's total debt is either minimal or close to non-existent in relation to its total assets. The slight increase in the ratio in some quarters to around 0.10 to 0.12 may imply a slight increase in the company's debt levels relative to its asset base during those periods, which should be further investigated to understand the reasons behind this change. Overall, the consistent low debt-to-assets ratio indicates a relatively low risk of financial distress due to an excessive debt burden for McKesson Corporation.