McKesson Corporation (MCK)
Debt-to-equity 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-equity ratio | — | — | — | — | 1.24 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-1,971,000K
= —
The debt-to-equity ratio for McKesson Corporation is not available for the years ending March 31, 2024, 2023, and 2022. However, as of March 31, 2021, the company had a debt-to-equity ratio of 1.24. This indicates that for every dollar of equity, McKesson had $1.24 in debt. A debt-to-equity ratio above 1 implies that the company relied more on debt financing than equity financing. It is important to track this ratio over time to assess the company's leverage and financial risk management.
Peer comparison
Mar 31, 2024
Company name
Symbol
Debt-to-equity ratio
McKesson Corporation
MCK
—
Cardinal Health Inc
CAH
—
Cencora Inc.
COR
5.90