McKesson Corporation (MCK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -1,971,000 | -2,053,000 | -1,828,000 | -1,602,000 | -1,857,000 | -2,455,000 | -1,767,000 | -2,004,000 | -2,272,000 | -1,274,000 | -571,000 | -529,000 | -21,000 | -477,000 | 5,890,000 | 5,446,000 | 5,092,000 | 6,174,000 | 6,482,000 | 7,874,000 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | 1.30 | 1.11 | — | 1.00 | — | 0.50 | 0.54 | 0.55 | 0.52 | 0.53 | 0.48 |
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 has shown some fluctuations over the past few quarters. It was not reported for certain dates, indicating potential changes in reporting practices or data availability.
Starting from the end of 2021, the ratio increased from 1.11 in December 2021 to 1.30 in March 2022, indicating a higher reliance on debt in the capital structure. Subsequently, the ratio decreased to 1.00 in June 2022, suggesting a reduction in debt relative to capital.
From there, the ratio fluctuated around the range of 0.50 to 0.55 over the next few quarters, reflecting a relatively balanced mix of debt and equity in the company's capital structure. This stability in the debt-to-capital ratio indicates a consistent approach to managing debt levels during this period.
Overall, the debt-to-capital ratio of McKesson Corporation demonstrates varying levels of leverage over the quarters analyzed, with periods of higher and lower debt utilization relative to overall capital. Monitoring this ratio can provide insights into the company's financial risk and management of debt obligations.
Peer comparison
Mar 31, 2024