Cardinal Health Balance Sheet Health
Financial Health criteria checks 2/6
Cardinal Health has a total shareholder equity of $-3.2B and total debt of $5.1B, which brings its debt-to-equity ratio to -158.1%. Its total assets and total liabilities are $45.1B and $48.3B respectively. Cardinal Health's EBIT is $2.1B making its interest coverage ratio 27.9. It has cash and short-term investments of $5.3B.
Key information
-158.1%
Debt to equity ratio
US$5.08b
Debt
| Interest coverage ratio | 27.9x |
| Cash | US$5.33b |
| Equity | -US$3.21b |
| Total liabilities | US$48.33b |
| Total assets | US$45.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAH has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CAH has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CAH has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CAH's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: CAH's debt is well covered by operating cash flow (74.1%).
Interest Coverage: CAH's interest payments on its debt are well covered by EBIT (27.9x coverage).