McKesson (LTS:0JZU) Debt-to-Equity : -2.39 (As of Sep. 2024)

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What is McKesson Debt-to-Equity?

McKesson's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $296 Mil. McKesson's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6,923 Mil. McKesson's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-3,017 Mil. McKesson's debt to equity for the quarter that ended in Sep. 2024 was -2.39.

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 McKesson's Debt-to-Equity or its related term are showing as below:

LTS:0JZU' s Debt-to-Equity Range Over the Past 10 Years
Min: -447.86 Med: 0.79 Max: 1.94
Current: -2.39

During the past 13 years, the highest Debt-to-Equity Ratio of McKesson was 1.94. The lowest was -447.86. And the median was 0.79.

LTS:0JZU's Debt-to-Equity is not ranked
in the Medical Distribution industry.
Industry Median: 0.32 vs LTS:0JZU: -2.39

McKesson Debt-to-Equity Historical Data

The historical data trend for McKesson'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.

* Premium members only.

McKesson Debt-to-Equity Chart

McKesson Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.85

-447.86

-3.32

-3.93

-3.75

McKesson Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-4.00	-3.71	-3.75	-4.22	-2.39

Competitive Comparison of McKesson's Debt-to-Equity

For the Medical Distribution subindustry, McKesson'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.

McKesson's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, McKesson's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where McKesson's Debt-to-Equity falls into.

McKesson Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McKesson's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(345	+	7045)	/	-1971
	=	-3.75

McKesson's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(296	+	6923)	/	-3017
	=	-2.39

McKesson (LTS:0JZU) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

McKesson Debt-to-Equity Related Terms

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McKesson Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » McKesson Corp (LTS:0JZU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCK:USA MCK:Mexico MCK:Germany MCK:Germany M1CK34:Brazil

Address

6555 State Highway 161, Irving, TX, USA, 75039

Website

https://www.mckesson.com

McKesson Corp is one of three leading pharmaceutical wholesalers in the us engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and Cardinal Health, the three account for over 90% of the us pharmaceutical wholesale industry. Outside the us market, McKesson engages in pharmaceutical wholesale and distribution in Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.

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