Cardinal Health Balance Sheet Health
Financial Health criteria checks 2/6
Cardinal Health has a total shareholder equity of $-3.3B and total debt of $5.9B, which brings its debt-to-equity ratio to -179.5%. Its total assets and total liabilities are $45.9B and $49.1B respectively. Cardinal Health's EBIT is $2.1B making its interest coverage ratio 29.8. It has cash and short-term investments of $3.7B.
Key information
-179.5%
Debt to equity ratio
US$5.85b
Debt
Interest coverage ratio | 29.8x |
Cash | US$3.72b |
Equity | -US$3.26b |
Total liabilities | US$49.14b |
Total assets | US$45.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HTG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0HTG 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: 0HTG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0HTG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 0HTG's debt is well covered by operating cash flow (43.4%).
Interest Coverage: 0HTG's interest payments on its debt are well covered by EBIT (29.8x coverage).