McKesson Corporation (MCK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -1,971,000 | -1,857,000 | -2,272,000 | -21,000 | 5,092,000 |
| Debt-to-capital ratio | — | — | — | 1.00 | 0.55 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-1,971,000K)
= —
The debt-to-capital ratio for McKesson Corporation was not available for the fiscal years ending March 31, 2024 and March 31, 2023. However, looking at the historical data, we can see a significant increase in the ratio over the past few years.
As of March 31, 2022, the debt-to-capital ratio was not provided. But in the previous year ending March 31, 2021, the ratio stood at 1.00, indicating that the company's total debt was equal to its total capital. This could suggest a high level of leverage and financial risk.
In March 31, 2020, the debt-to-capital ratio was 0.55, showing a lower level of debt relative to capital compared to the following year. The significant jump in the ratio from 2020 to 2021 may raise concerns about the company's ability to manage its debt levels effectively.
Overall, without the specific data for the latest years, it is challenging to assess the current debt-to-capital situation for McKesson Corporation. However, the historical trend highlights a notable increase in leverage in the previous year, which investors and analysts may need to monitor closely for potential impact on the company's financial health and stability.
Peer comparison
Mar 31, 2024