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.