McKesson Corporation (MCK)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 67,443,000 | 66,512,000 | 66,091,000 | 64,096,000 | 62,320,000 | 62,690,000 | 63,081,000 | 62,295,000 | 63,298,000 | 63,708,000 | 63,601,000 | 62,894,000 | 65,015,000 | 61,845,000 | 61,558,000 | 57,666,000 | 61,247,000 | 60,873,000 | 58,994,000 | 61,680,000 |
| 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 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 10.45 | 10.59 | 12.03 | 9.86 | 9.10 | 7.83 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $67,443,000K ÷ $-1,971,000K
= —
The financial leverage ratio of McKesson Corporation has shown some fluctuations over the past several quarters. The ratio has ranged from 7.83 to 12.03 during the period from June 2019 to March 2020. In recent quarters, the ratio has been trending downwards, indicating a decrease in the company's reliance on debt to finance its operations and investments. However, the ratio spiked to 10.59 in December 2020 before decreasing to 10.45 in September 2020.
Overall, the average financial leverage ratio for McKesson Corporation over the past few quarters suggests that the company has maintained a moderate level of financial leverage. A lower financial leverage ratio indicates a lower level of debt relative to equity, which can be a positive sign for investors as it signifies a lower financial risk. Additionally, it shows that the company has a stronger equity position to support its operations and growth initiatives.
Peer comparison
Mar 31, 2024