Cardinal Depreciation Amortization and Accretion vs Issuance Repayment of Debt Securities Analysis

CAH Stock  USD 112.54  0.94  0.84%   
Trend analysis of Cardinal Health balance sheet accounts such as Short Long Term Debt Total of 3.2 B, Other Current Liabilities of 45.9 M or Total Current Liabilities of 40.7 B provides information on Cardinal Health's total assets, liabilities, and equity, which is the actual value of Cardinal Health to its prevalent stockholders. By breaking down trends over time using Cardinal Health balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.

About Cardinal Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Cardinal Health at a specified time, usually calculated after every quarter, six months, or one year. Cardinal Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cardinal Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cardinal currently owns. An asset can also be divided into two categories, current and non-current.

Cardinal Health Balance Sheet Chart

Cardinal Health Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Cardinal Health uses and utilizes its capital. It also shows what exactly a company owns and owes.
As of now, Cardinal Health's Cash is increasing as compared to previous years. The Cardinal Health's current Non Currrent Assets Other is estimated to increase to about 983.7 M, while Short and Long Term Debt Total is projected to decrease to under 3.2 B.

Total Assets

Total assets refers to the total amount of Cardinal Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cardinal Health books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Cardinal Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cardinal Health are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Cardinal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cardinal Health current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.As of now, Cardinal Health's Selling General Administrative is increasing as compared to previous years. The Cardinal Health's current Enterprise Value Multiple is estimated to increase to 12.69, while Discontinued Operations is projected to decrease to under 2.6 M.
 2021 2023 2024 (projected)
Interest Expense149M107.0M190.1M
Depreciation And Amortization692M795.8M835.6M

Cardinal Health fundamental ratios Correlations

0.57-0.130.95-0.350.840.3-0.230.670.68-0.090.670.950.530.930.980.86-0.730.970.750.970.590.650.940.680.47
0.570.210.310.370.680.760.40.470.870.050.470.330.470.550.40.510.00.40.00.420.50.760.30.430.5
-0.130.21-0.30.59-0.010.020.550.140.18-0.340.14-0.220.43-0.2-0.22-0.410.31-0.27-0.37-0.2-0.33-0.06-0.30.330.45
0.950.31-0.3-0.590.730.06-0.470.630.45-0.130.630.990.370.880.990.8-0.870.990.920.980.550.481.00.570.32
-0.350.370.59-0.59-0.150.460.96-0.20.240.25-0.2-0.530.43-0.48-0.51-0.320.7-0.57-0.79-0.49-0.080.09-0.610.180.35
0.840.68-0.010.73-0.150.43-0.080.420.86-0.10.420.740.520.790.790.73-0.550.770.510.760.420.670.730.680.7
0.30.760.020.060.460.430.47-0.130.770.25-0.130.060.270.30.150.330.240.14-0.220.10.210.880.070.160.19
-0.230.40.55-0.470.96-0.080.47-0.130.280.31-0.13-0.40.49-0.42-0.4-0.260.52-0.46-0.67-0.370.00.16-0.490.280.41
0.670.470.140.63-0.20.42-0.13-0.130.25-0.191.00.660.420.610.630.5-0.480.640.540.730.630.120.610.490.34
0.680.870.180.450.240.860.770.280.250.020.250.450.530.660.540.61-0.190.530.110.50.310.860.440.570.64
-0.090.05-0.34-0.130.25-0.10.250.31-0.190.02-0.19-0.120.14-0.16-0.130.030.11-0.14-0.27-0.130.040.06-0.140.060.02
0.670.470.140.63-0.20.42-0.13-0.131.00.25-0.190.660.420.610.630.5-0.480.640.540.730.630.120.610.490.34
0.950.33-0.220.99-0.530.740.06-0.40.660.45-0.120.660.460.860.990.77-0.850.970.90.990.540.450.990.650.39
0.530.470.430.370.430.520.270.490.420.530.140.420.460.290.440.38-0.20.350.130.470.360.310.340.950.84
0.930.55-0.20.88-0.480.790.3-0.420.610.66-0.160.610.860.290.920.84-0.650.950.70.90.470.660.890.450.29
0.980.4-0.220.99-0.510.790.15-0.40.630.54-0.130.630.990.440.920.83-0.830.990.860.990.540.550.990.630.39
0.860.51-0.410.8-0.320.730.33-0.260.50.610.030.50.770.380.840.83-0.550.830.570.830.680.590.790.490.33
-0.730.00.31-0.870.7-0.550.240.52-0.48-0.190.11-0.48-0.85-0.2-0.65-0.83-0.55-0.82-0.89-0.81-0.3-0.19-0.88-0.46-0.26
0.970.4-0.270.99-0.570.770.14-0.460.640.53-0.140.640.970.350.950.990.83-0.820.870.980.540.550.990.550.32
0.750.0-0.370.92-0.790.51-0.22-0.670.540.11-0.270.540.90.130.70.860.57-0.890.870.860.430.210.920.360.1
0.970.42-0.20.98-0.490.760.1-0.370.730.5-0.130.730.990.470.90.990.83-0.810.980.860.60.480.980.640.4
0.590.5-0.330.55-0.080.420.210.00.630.310.040.630.540.360.470.540.68-0.30.540.430.60.330.520.360.23
0.650.76-0.060.480.090.670.880.160.120.860.060.120.450.310.660.550.59-0.190.550.210.480.330.490.320.25
0.940.3-0.31.0-0.610.730.07-0.490.610.44-0.140.610.990.340.890.990.79-0.880.990.920.980.520.490.550.3
0.680.430.330.570.180.680.160.280.490.570.060.490.650.950.450.630.49-0.460.550.360.640.360.320.550.9
0.470.50.450.320.350.70.190.410.340.640.020.340.390.840.290.390.33-0.260.320.10.40.230.250.30.9
Click cells to compare fundamentals

Cardinal Health Account Relationship Matchups

Cardinal Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets40.8B44.5B43.9B43.4B49.9B52.4B
Short Long Term Debt Total6.8B6.2B5.3B4.7B5.4B3.2B
Other Current Liab2.2B96M2.8B42M48.3M45.9M
Total Current Liabilities23.6B27.6B30.6B33.7B38.8B40.7B
Total Stockholder Equity1.8B1.8B(706M)(2.9B)(3.3B)(3.1B)
Property Plant And Equipment Net2.4B2.4B2.4B2.5B2.8B1.4B
Net Debt4.0B2.8B598M658M756.7M1.4B
Retained Earnings1.2B1.2B(280M)(534M)(614.1M)(583.4M)
Cash2.8B3.4B4.7B4.0B4.6B4.9B
Non Current Assets Total14.8B13.4B10.9B9.6B11.0B6.4B
Non Currrent Assets Other1.2B951M(8.4B)1.0B936.9M983.7M
Cash And Short Term Investments2.8B3.4B4.7B4.0B4.6B4.9B
Net Receivables8.3B9.1B10.6B11.3B13.0B13.7B
Common Stock Shares Outstanding293M294M279M262M301.3M314.6M
Liabilities And Stockholders Equity40.8B44.5B43.9B43.4B49.9B52.4B
Non Current Liabilities Total15.4B15.0B14.0B12.6B14.4B15.2B
Inventory13.2B14.6B15.6B15.9B18.3B19.2B
Other Current Assets1.7B3.9B2.0B2.4B2.7B2.9B
Other Stockholder Equity(2.1B)(2.2B)(3.1B)(4.9B)(4.4B)(4.2B)
Total Liab39.0B42.7B44.6B46.3B53.2B55.9B
Property Plant And Equipment Gross2.4B2.4B5.9B6.3B7.3B7.6B
Total Current Assets25.9B31.0B32.9B33.8B38.9B40.9B
Accumulated Other Comprehensive Income(104M)(34M)(114M)(151M)(135.9M)(129.1M)
Short Term Debt10M871M580M792M910.8M956.3M
Intangible Assets2.9B2.1B1.8B1.5B1.7B2.2B
Accounts Payable21.4B23.7B27.1B29.8B34.3B36.0B
Common Stock Total Equity2.8B2.8B2.8B2.7B3.2B2.9B
Common Stock2.8B2.8B2.8B2.7B3.2B2.0B
Other Liab8.2B9.7B9.3B8.3B9.5B10.0B
Other Assets732M951M953M606M696.9M618.0M
Long Term Debt6.7B5.4B4.7B3.9B4.5B4.4B
Treasury Stock(2.1B)(2.2B)(3.1B)(4.9B)(4.4B)(4.2B)
Property Plant Equipment2.8B2.4B2.4B2.5B2.8B2.2B
Good Will8.4B8.0B5.9B4.6B5.3B5.7B
Net Tangible Assets(9.5B)(8.3B)(8.3B)(8.9B)(8.0B)(7.6B)
Retained Earnings Total Equity1.2B1.2B(280M)(534M)(480.6M)(456.6M)
Long Term Debt Total6.8B5.4B4.7B3.9B4.5B5.6B

Cardinal Health Investors Sentiment

The influence of Cardinal Health's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cardinal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cardinal Health's public news can be used to forecast risks associated with an investment in Cardinal. The trend in average sentiment can be used to explain how an investor holding Cardinal can time the market purely based on public headlines and social activities around Cardinal Health. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cardinal Health's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cardinal Health's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cardinal Health's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cardinal Health.

Cardinal Health Implied Volatility

    
  174.38  
Cardinal Health's implied volatility exposes the market's sentiment of Cardinal Health stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cardinal Health's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cardinal Health stock will not fluctuate a lot when Cardinal Health's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cardinal Health in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cardinal Health's short interest history, or implied volatility extrapolated from Cardinal Health options trading.

Pair Trading with Cardinal Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cardinal Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cardinal Health will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cardinal Stock

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Moving against Cardinal Stock

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The ability to find closely correlated positions to Cardinal Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cardinal Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cardinal Health to buy it.
The correlation of Cardinal Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cardinal Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Cardinal Health's price analysis, check to measure Cardinal Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cardinal Health. If investors know Cardinal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cardinal Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.95)
Dividend Share
1.998
Earnings Share
2.52
Revenue Per Share
859.435
Quarterly Revenue Growth
0.116
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.