Cardinal Health (BUE:CAH) Debt-to-Asset : 0.10 (As of Dec. 2023)

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What is Cardinal Health Debt-to-Asset?

Cardinal Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ARS428,868 Mil. Cardinal Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ARS1,276,135 Mil. Cardinal Health's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was ARS16,812,853 Mil. Cardinal Health's debt to asset for the quarter that ended in Dec. 2023 was 0.10.

Cardinal Health Debt-to-Asset Historical Data

The historical data trend for Cardinal Health's Debt-to-Asset 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.

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Cardinal Health Debt-to-Asset Chart

Cardinal Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.20

0.17

0.14

0.12

0.11

Cardinal Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.12	0.11	0.11	0.11	0.10

Competitive Comparison of Cardinal Health's Debt-to-Asset

For the Medical Distribution subindustry, Cardinal Health's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Medical Distribution Industry

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

* The bar in red indicates where Cardinal Health's Debt-to-Asset falls into.

Cardinal Health Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cardinal Health's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(190079.998	+	938159.992)	/	10420079.917
	=	0.11

Cardinal Health's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(428868	+	1276135.001)	/	16812853.015
	=	0.10

Cardinal Health (BUE:CAH) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Cardinal Health Debt-to-Asset Related Terms

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Cardinal Health (BUE:CAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Cardinal Health Inc (BUE:CAH) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CAH:USA CAH:Mexico CLH:Germany C1AH34:Brazil

Address

7000 Cardinal Place, Dublin, OH, USA, 43017

Website

https://www.cardinalhealth.com

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.