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.
Peer comparison
Mar 31, 2024