CAH Debt-to-Equity Ratio Analysis
Higher than 6% of Healthcare sector peers
Updated 5h ago·SEC filings & market data
Key Takeaway
The debt-to-equity ratio compares a company’s total liabilities to its shareholders’ equity, and at -3.15x it signals that Cardinal Health’s liabilities exceed its assets, resulting in negative equity.
Sector Performance
6th percentileCAH
-3.15x
Sector Median
0.26x
Sector Avg
0.89x
Prior Period
-3.34x(Apr 2026)
Deep Analysis
The debt-to-equity ratio compares a company’s total liabilities to its shareholders’ equity, and at -3.15x it signals that Cardinal Health’s liabilities exceed its assets, resulting in negative equity.
This places the company at the 6th percentile among Healthcare peers, far below the sector median of 0.34x, meaning nearly all comparable firms carry a less distressed capital structure. The trend data is N/A, with both the year-over-year and quarter-over-quarter changes unavailable, so no directional signal can be derived from recent shifts. A negative ratio of this magnitude combined with missing trend data implies elevated financial risk, as negative equity often points to accumulated losses or aggressive debt use that could constrain future borrowing. This metric directly contradicts the overall NEUTRAL verdict, since a debt-to-equity ratio of -3.15x is a red flag that undermines a balanced outlook.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about CAH?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
How does CAH's Debt-to-Equity Ratio compare to its sector?
CAH's Debt-to-Equity Ratio of -3.15x compares to a Healthcare sector median of 0.26x, placing it in the 6th percentile.
Who are CAH's closest peers by Debt-to-Equity Ratio?
The closest Healthcare peers by Debt-to-Equity Ratio include: BIO (0.17x), BIIB (0.34x), NTLA (0.13x), TECH (0.10x), BEAM (0.09x).
Learn More About Debt-to-Equity Ratio
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Debt/Equity Ratio: How Much Debt Is Too Much?
The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
Master CAH's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full CAH research report →CAH
-3.15x
Sector Median
0.26x
Sector Avg
0.89x
How CAH's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.