What is Cardinal Health's debt-to-equity?

Cardinal Health (CAH) reported debt-to-equity of 4.1× in Q3 2021.

What does debt-to-equity mean?

How much debt the company carries for every dollar of shareholder equity.

How do you interpret debt-to-equity?

Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.

How does debt-to-equity compare across companies?

Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.

Cardinal Health CAH Debt-to-equity

Discontinued — last reported Q1 '22

Debt-to-equity at other companies

Eli LillyLLY

1.4×-1.1×

CencoraCOR

3.6×-3.4×

Medline, Inc. MDLN

1.1×—

CVS HealthCVS

0.2×0.0×

AbbottABT

0.7×+0.4×

West Pharmaceutical ServicesWST

0.1×0.0×

Other financials

Income statement

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Revenue$60.9B+11.1%

Gross profit$2.5B+17.7%

Operating income$509.0M-30.3%

Net income$399.0M-21.2%

EPS (diluted)$1.69-19.5%

Balance sheet

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Cash & equivalents$3.9B+18.4%

Total debt$8.9B+16.1%

Total equity-$2.8B+3.9%

Total assets$56.7B+13.7%

Cash flow

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Operating cash flow$1.8B-37.6%

CapEx$146.0M+15.9%

Free cash flow$1.7B-40.0%

Valuation

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Market cap$53B+49.4%

Enterprise value$57.98B+45.4%

P/E34.1×+11.3×

P/S0.2×+0.1×

Profitability

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Gross margin3.8%+0.2pp

Operating margin0.9%-0.1pp

Net margin0.6%-0.1pp

Returns & leverage

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Return on equity37.4%—

Current ratio0.9×0.0×

Where this comes from

Calculated from Cardinal Health’s reported figures.

total debt/total stockholders equity=4.1×

Based on the most recent quarter.

The official record: Cardinal Health’s 10-Q, filed November 4, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cardinal Health's debt-to-equity?: Cardinal Health (CAH) reported debt-to-equity of 4.1× in Q3 2021.
What does debt-to-equity mean?: How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?: Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?: Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.