Cardinal Health annual debt-to-equity ratio
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Cardinal Health Debt-to-Equity Ratio Growth & History (CAH)
Cardinal Health's debt-to-equity ratio was 3.75 for fiscal 2021.
View full Cardinal Health company overviewCardinal Health annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2021 | 2021-06-30 | 3.75 | −0.29 | −7.10% |
| 2020 | 2020-06-30 | 4.04 | 2.77 | +218.00% |
| 2019 | 2019-06-30 | 1.27 | −0.22 | −14.68% |
| 2018 | 2018-06-30 | 1.49 | −0.04 | −2.58% |
| 2017 | 2017-06-30 | 1.53 | 0.68 | +80.67% |
| 2016 | 2016-06-30 | 0.85 | −0.03 | −3.73% |
| 2015 | 2015-06-30 | 0.88 | 0.26 | +41.47% |
| 2014 | 2014-06-30 | 0.62 | −0.02 | −3.80% |
| 2013 | 2013-06-30 | 0.65 | 0.18 | +39.17% |
| 2012 | 2012-06-30 | 0.46 | 0.04 | +8.35% |
| 2011 | 2011-06-30 | 0.43 | 0.02 | +5.99% |
| 2010 | 2010-06-30 | 0.40 | 0.03 | +7.63% |
| 2009 | 2009-06-30 | 0.37 | — | — |
Cardinal Health quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2022 | 2021-12-31 | 5.35 | 1.94 | +57.00% |
| Q1 2022 | 2021-09-30 | 4.09 | −0.62 | −13.15% |
| Q4 2021 | 2021-06-30 | 3.75 | −0.29 | −7.10% |
| Q3 2021 | 2021-03-31 | 3.75 | −2.27 | −37.70% |
| Q2 2021 | 2020-12-31 | 3.41 | −3.77 | −52.48% |
| Q1 2021 | 2020-09-30 | 4.71 | −4.63 | −49.55% |
| Q4 2020 | 2020-06-30 | 4.04 | 2.77 | +218.00% |
| Q3 2020 | 2020-03-31 | 6.02 | 4.56 | +313.16% |
| Q2 2020 | 2019-12-31 | 7.18 | 5.68 | +379.16% |
| Q1 2020 | 2019-09-30 | 9.34 | 7.82 | +513.57% |
| Q4 2019 | 2019-06-30 | 1.27 | −0.22 | −14.68% |
| Q3 2019 | 2019-03-31 | 1.46 | 0.19 | +14.69% |
| Q2 2019 | 2018-12-31 | 1.50 | 0.21 | +16.60% |
| Q1 2019 | 2018-09-30 | 1.52 | 0.02 | +1.62% |
| Q4 2018 | 2018-06-30 | 1.49 | −0.04 | −2.58% |
| Q3 2018 | 2018-03-31 | 1.27 | 0.45 | +54.66% |
| Q2 2018 | 2017-12-31 | 1.28 | 0.42 | +48.67% |
| Q1 2018 | 2017-09-30 | 1.50 | 0.65 | +76.33% |
| Q4 2017 | 2017-06-30 | 1.53 | 0.68 | +80.67% |
| Q3 2017 | 2017-03-31 | 0.82 | −0.00 | −0.54% |
| Q2 2017 | 2016-12-31 | 0.86 | 0.04 | +4.93% |
| Q1 2017 | 2016-09-30 | 0.85 | −0.00 | −0.43% |
| Q4 2016 | 2016-06-30 | 0.85 | −0.03 | −3.73% |
| Q3 2016 | 2016-03-31 | 0.83 | 0.20 | +31.45% |
| Q2 2016 | 2015-12-31 | 0.82 | 0.17 | +26.31% |
| Q1 2016 | 2015-09-30 | 0.85 | 0.21 | +33.21% |
| Q4 2015 | 2015-06-30 | 0.88 | 0.26 | +41.47% |
| Q3 2015 | 2015-03-31 | 0.63 | 0.03 | +4.73% |
| Q2 2015 | 2014-12-31 | 0.65 | 0.05 | +9.17% |
| Q1 2015 | 2014-09-30 | 0.64 | 0.02 | +3.87% |
| Q4 2014 | 2014-06-30 | 0.62 | −0.02 | −3.80% |
| Q3 2014 | 2014-03-31 | 0.60 | −0.01 | −1.47% |
| Q2 2014 | 2013-12-31 | 0.60 | 0.23 | +61.20% |
| Q1 2014 | 2013-09-30 | 0.62 | 0.23 | +60.84% |
| Q4 2013 | 2013-06-30 | 0.65 | 0.18 | +39.17% |
| Q3 2013 | 2013-03-31 | 0.61 | 0.26 | +72.14% |
| Q2 2013 | 2012-12-31 | 0.37 | −0.00 | −0.72% |
| Q1 2013 | 2012-09-30 | 0.38 | −0.00 | −0.20% |
| Q4 2012 | 2012-06-30 | 0.46 | 0.04 | +8.35% |
| Q3 2012 | 2012-03-31 | 0.35 | −0.06 | −15.27% |
| Q2 2012 | 2011-12-31 | 0.37 | −0.07 | −15.03% |
| Q1 2012 | 2011-09-30 | 0.38 | 0.02 | +5.57% |
| Q4 2011 | 2011-06-30 | 0.43 | 0.02 | +5.99% |
| Q3 2011 | 2011-03-31 | 0.42 | 0.07 | +19.35% |
| Q2 2011 | 2010-12-31 | 0.44 | 0.04 | +9.30% |
| Q1 2011 | 2010-09-30 | 0.36 | −0.06 | −14.52% |
| Q4 2010 | 2010-06-30 | 0.40 | 0.03 | +7.63% |
| Q3 2010 | 2010-03-31 | 0.35 | — | — |
| Q2 2010 | 2009-12-31 | 0.40 | — | — |
| Q1 2010 | 2009-09-30 | 0.43 | — | — |
| Q4 2009 | 2009-06-30 | 0.37 | — | — |
Cardinal Health debt-to-equity ratio trends
Over the last five fiscal years, Cardinal Health's debt-to-equity ratio increased from 0.85 to 3.75, a change of 2.90. The latest reported quarter, Q2 2022, shows 5.35.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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