Cencora Balance Sheet Health
Financial Health criteria checks 3/6
Cencora has a total shareholder equity of $1.1B and total debt of $4.7B, which brings its debt-to-equity ratio to 446.1%. Its total assets and total liabilities are $66.8B and $65.7B respectively. Cencora's EBIT is $2.9B making its interest coverage ratio 14.8. It has cash and short-term investments of $3.3B.
Key information
446.1%
Debt to equity ratio
US$4.73b
Debt
| Interest coverage ratio | 14.8x |
| Cash | US$3.31b |
| Equity | US$1.06b |
| Total liabilities | US$65.71b |
| Total assets | US$66.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABG's short term assets ($47.3B) do not cover its short term liabilities ($53.0B).
Long Term Liabilities: ABG's short term assets ($47.3B) exceed its long term liabilities ($12.7B).
Debt to Equity History and Analysis
Debt Level: ABG's net debt to equity ratio (134.4%) is considered high.
Reducing Debt: ABG's debt to equity ratio has increased from 145% to 446.1% over the past 5 years.
Debt Coverage: ABG's debt is well covered by operating cash flow (91.1%).
Interest Coverage: ABG's interest payments on its debt are well covered by EBIT (14.8x coverage).