McKesson Corporation (MCK)

Financial leverage ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total assets	US$ in thousands	67,443,000	62,320,000	63,298,000	65,015,000	61,247,000
Total stockholders’ equity	US$ in thousands	-1,971,000	-1,857,000	-2,272,000	-21,000	5,092,000
Financial leverage ratio		—	—	—	—	12.03

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $67,443,000K ÷ $-1,971,000K
= —

Based on the provided financial leverage ratio data for McKesson Corporation, it appears that the ratio was not available for the fiscal years ending in March 31, 2024, 2023, 2022, and 2021. However, for the fiscal year ending in March 31, 2020, the financial leverage ratio was 12.03.

This indicates that in 2020, McKesson Corporation had a financial leverage ratio of 12.03, suggesting that the company relied significantly on debt to finance its operations and growth. A high financial leverage ratio can imply a higher level of financial risk and potential vulnerability to economic downturns or changes in interest rates. It is essential for investors and stakeholders to monitor the company's financial leverage over time to assess its financial health and risk profile accurately.