Quick Ratio

The quick ratio measures a company’s ability to cover short-term liabilities with its most liquid assets — excluding inventory.

Cardinal Health’s current ratio of 0.42x means it has only $0.42 in cash, receivables, and marketable securities for every $1 of debt due within a year. This is well below the healthcare sector median of 1.08x, placing the company in the 3rd percentile among peers. Because the year-over-year and quarter-over-quarter changes are both reported as N/A, and no historical trend is available, the analysis is limited to the current level alone. The extreme low ratio signals elevated short-term liquidity risk, but without a trend direction it is unclear whether this is improving or worsening. This metric contradicts the overall NEUTRAL verdict because a ratio this far below the sector median typically indicates financial strain that would tilt the assessment toward bearish.

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