What is Cardinal Health Debt-to-Equity?
Cardinal Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,188 Mil. Cardinal Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,535 Mil. Cardinal Health's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3,449 Mil.
Cardinal Health's debt to equity for the quarter that ended in Dec. 2023 was -1.37.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Cardinal Health's Debt-to-Equity or its related term are showing as below:
CAH'
s Debt-to-Equity Range Over the Past 10 Years
Min: -8.05 Med: 0.87 Max: 8.88
Current: -1.37
During the past 13 years, the highest Debt-to-Equity Ratio of Cardinal Health was 8.88. The lowest was -8.05. And the median was 0.87.
Cardinal Health Debt-to-Equity Historical Data
The historical data trend for Cardinal Health's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cardinal Health Debt-to-Equity Chart
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Cardinal Health Annual Data
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Trend |
Jun14 |
Jun15 |
Jun16 |
Jun17 |
Jun18 |
Jun19 |
Jun20 |
Jun21 |
Jun22 |
Jun23 |
| Debt-to-Equity |
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1.27 |
3.79 |
3.48 |
-7.50 |
-1.65 |
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Cardinal Health Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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-2.38 |
-2.13 |
-1.65 |
-1.34 |
-1.37 |
Competitive Comparison of Cardinal Health's Debt-to-Equity
For the Medical Distribution subindustry, Cardinal Health's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cardinal Health's Debt-to-Equity Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Cardinal Health's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Cardinal Health's Debt-to-Equity falls into.
Cardinal Health Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Cardinal Health's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Cardinal Health's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cardinal Health (Cardinal Health) Business Description
Traded in Other Exchanges
Address
7000 Cardinal Place, Dublin, OH, USA, 43017
Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
Executives
| Deborah Weitzman |
officer: CEO, Pharmaceutical Segment |
600 WEST 22ND STREET, SUITE 300, OAK BROOK IL 60523 |
| Mary C. Scherer |
officer: Chief Accounting Officer |
6026 LUDWIG STREET, POWELL OH 43065 |
| Ola M Snow |
officer: Chief Human Resources Officer |
7000 CARDINAL PLACE, DUBLIN OH 43017 |
| Stephen M Mason |
officer: CEO, Medical Segment |
7000 CARDINAL PLACE, DUBLIN OH 43017 |
| Jessica L Mayer |
officer: Chief Legal/Compliance Officer |
7000 CARDINAL PLACE, DUBLIN OH 43017 |
| Michelle D. Greene |
officer: Chief Information Officer |
1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203 |
| Aaron E Alt |
officer: Chief Financial Officer |
3001 COLORADO BLVD., DENTON TX 76210 |
| Michelle Brennan |
director |
1855 S. GRANT STREET, SAN MATEO CA 94402 |
| Sujatha Chandrasekaran |
director |
77 HOT METAL STREET, PITTSBURGH PA 15203 |
| Christine Mundkur |
director |
|
| Steven Barg |
director |
ELLIOTT MANAGEMENT CORPORATION, 40 WEST 57TH STREET, NEW YORK NY 10019 |
| Patricia M English |
officer: Chief Accounting Officer |
7000 CARDINAL PLACE, DUBLIN OH 43017 |
| Sheri H. Edison |
director |
1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006 |
| Jason M. Hollar |
officer: Chief Financial Officer |
3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
| John H Weiland |
director |
C/O C.R BARD INC, 730 CENTRAL AVE, MURRAY HILL NJ 07974 |
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