Cardinal Issuance Purchase of Equity Shares vs Net Cash Flow from Investing Analysis

CAH Stock

USD 107.03 1.93 1.84%

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.

Cash Flow Balance Sheet Income Statement

Total Assets Non Current Assets Total

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 Short Long Term Debt Total Other Current Liab Total Current Liabilities

Add Fundamental

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 Enterprise Value Multiple is decreasing as compared to previous years.

	2021	2023	2024 (projected)
Interest Expense	149M	107.0M	190.1M
Depreciation And Amortization	692M	795.8M	835.6M

Interest Expense Depreciation And Amortization

Cardinal Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock
Total Assets		0.57	-0.13	0.95	-0.35	0.84	0.3	-0.23	0.67	0.68	-0.09	0.67	0.95	0.53	0.93	0.98	0.86	-0.73	0.97	0.75	0.97	0.59	0.65	0.94	0.68	0.47
Short Long Term Debt Total	0.57		0.21	0.31	0.37	0.68	0.76	0.4	0.47	0.87	0.05	0.47	0.33	0.47	0.55	0.4	0.51	0.0	0.4	0.0	0.42	0.5	0.76	0.3	0.43	0.5
Other Current Liab	-0.13	0.21		-0.3	0.59	-0.01	0.02	0.55	0.14	0.18	-0.34	0.14	-0.22	0.43	-0.2	-0.22	-0.41	0.31	-0.27	-0.37	-0.2	-0.33	-0.06	-0.3	0.33	0.45
Total Current Liabilities	0.95	0.31	-0.3		-0.59	0.73	0.06	-0.47	0.63	0.45	-0.13	0.63	0.99	0.37	0.88	0.99	0.8	-0.87	0.99	0.92	0.98	0.55	0.48	1.0	0.57	0.32
Total Stockholder Equity	-0.35	0.37	0.59	-0.59		-0.15	0.46	0.96	-0.2	0.24	0.25	-0.2	-0.53	0.43	-0.48	-0.51	-0.32	0.7	-0.57	-0.79	-0.49	-0.08	0.09	-0.61	0.18	0.35
Property Plant And Equipment Net	0.84	0.68	-0.01	0.73	-0.15		0.43	-0.08	0.42	0.86	-0.1	0.42	0.74	0.52	0.79	0.79	0.73	-0.55	0.77	0.51	0.76	0.42	0.67	0.73	0.68	0.7
Net Debt	0.3	0.76	0.02	0.06	0.46	0.43		0.47	-0.13	0.77	0.25	-0.13	0.06	0.27	0.3	0.15	0.33	0.24	0.14	-0.22	0.1	0.21	0.88	0.07	0.16	0.19
Retained Earnings	-0.23	0.4	0.55	-0.47	0.96	-0.08	0.47		-0.13	0.28	0.31	-0.13	-0.4	0.49	-0.42	-0.4	-0.26	0.52	-0.46	-0.67	-0.37	0.0	0.16	-0.49	0.28	0.41
Cash	0.67	0.47	0.14	0.63	-0.2	0.42	-0.13	-0.13		0.25	-0.19	1.0	0.66	0.42	0.61	0.63	0.5	-0.48	0.64	0.54	0.73	0.63	0.12	0.61	0.49	0.34
Non Current Assets Total	0.68	0.87	0.18	0.45	0.24	0.86	0.77	0.28	0.25		0.02	0.25	0.45	0.53	0.66	0.54	0.61	-0.19	0.53	0.11	0.5	0.31	0.86	0.44	0.57	0.64
Non Currrent Assets Other	-0.09	0.05	-0.34	-0.13	0.25	-0.1	0.25	0.31	-0.19	0.02		-0.19	-0.12	0.14	-0.16	-0.13	0.03	0.11	-0.14	-0.27	-0.13	0.04	0.06	-0.14	0.06	0.02
Cash And Short Term Investments	0.67	0.47	0.14	0.63	-0.2	0.42	-0.13	-0.13	1.0	0.25	-0.19		0.66	0.42	0.61	0.63	0.5	-0.48	0.64	0.54	0.73	0.63	0.12	0.61	0.49	0.34
Net Receivables	0.95	0.33	-0.22	0.99	-0.53	0.74	0.06	-0.4	0.66	0.45	-0.12	0.66		0.46	0.86	0.99	0.77	-0.85	0.97	0.9	0.99	0.54	0.45	0.99	0.65	0.39
Common Stock Shares Outstanding	0.53	0.47	0.43	0.37	0.43	0.52	0.27	0.49	0.42	0.53	0.14	0.42	0.46		0.29	0.44	0.38	-0.2	0.35	0.13	0.47	0.36	0.31	0.34	0.95	0.84
Non Current Liabilities Total	0.93	0.55	-0.2	0.88	-0.48	0.79	0.3	-0.42	0.61	0.66	-0.16	0.61	0.86	0.29		0.92	0.84	-0.65	0.95	0.7	0.9	0.47	0.66	0.89	0.45	0.29
Inventory	0.98	0.4	-0.22	0.99	-0.51	0.79	0.15	-0.4	0.63	0.54	-0.13	0.63	0.99	0.44	0.92		0.83	-0.83	0.99	0.86	0.99	0.54	0.55	0.99	0.63	0.39
Other Current Assets	0.86	0.51	-0.41	0.8	-0.32	0.73	0.33	-0.26	0.5	0.61	0.03	0.5	0.77	0.38	0.84	0.83		-0.55	0.83	0.57	0.83	0.68	0.59	0.79	0.49	0.33
Other Stockholder Equity	-0.73	0.0	0.31	-0.87	0.7	-0.55	0.24	0.52	-0.48	-0.19	0.11	-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
Total Liab	0.97	0.4	-0.27	0.99	-0.57	0.77	0.14	-0.46	0.64	0.53	-0.14	0.64	0.97	0.35	0.95	0.99	0.83	-0.82		0.87	0.98	0.54	0.55	0.99	0.55	0.32
Property Plant And Equipment Gross	0.75	0.0	-0.37	0.92	-0.79	0.51	-0.22	-0.67	0.54	0.11	-0.27	0.54	0.9	0.13	0.7	0.86	0.57	-0.89	0.87		0.86	0.43	0.21	0.92	0.36	0.1
Total Current Assets	0.97	0.42	-0.2	0.98	-0.49	0.76	0.1	-0.37	0.73	0.5	-0.13	0.73	0.99	0.47	0.9	0.99	0.83	-0.81	0.98	0.86		0.6	0.48	0.98	0.64	0.4
Short Term Debt	0.59	0.5	-0.33	0.55	-0.08	0.42	0.21	0.0	0.63	0.31	0.04	0.63	0.54	0.36	0.47	0.54	0.68	-0.3	0.54	0.43	0.6		0.33	0.52	0.36	0.23
Intangible Assets	0.65	0.76	-0.06	0.48	0.09	0.67	0.88	0.16	0.12	0.86	0.06	0.12	0.45	0.31	0.66	0.55	0.59	-0.19	0.55	0.21	0.48	0.33		0.49	0.32	0.25
Accounts Payable	0.94	0.3	-0.3	1.0	-0.61	0.73	0.07	-0.49	0.61	0.44	-0.14	0.61	0.99	0.34	0.89	0.99	0.79	-0.88	0.99	0.92	0.98	0.52	0.49		0.55	0.3
Common Stock Total Equity	0.68	0.43	0.33	0.57	0.18	0.68	0.16	0.28	0.49	0.57	0.06	0.49	0.65	0.95	0.45	0.63	0.49	-0.46	0.55	0.36	0.64	0.36	0.32	0.55		0.9
Common Stock	0.47	0.5	0.45	0.32	0.35	0.7	0.19	0.41	0.34	0.64	0.02	0.34	0.39	0.84	0.29	0.39	0.33	-0.26	0.32	0.1	0.4	0.23	0.25	0.3	0.9

Click cells to compare fundamentals

Cardinal Health Account Relationship Matchups

Cardinal Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	40.8B	44.5B	43.9B	43.4B	49.9B	52.4B
Short Long Term Debt Total	6.8B	6.2B	5.3B	4.7B	5.4B	3.2B
Other Current Liab	2.2B	96M	2.8B	42M	48.3M	45.9M
Total Current Liabilities	23.6B	27.6B	30.6B	33.7B	38.8B	40.7B
Total Stockholder Equity	1.8B	1.8B	(706M)	(2.9B)	(3.3B)	(3.1B)
Property Plant And Equipment Net	2.4B	2.4B	2.4B	2.5B	2.8B	1.4B
Net Debt	4.0B	2.8B	598M	658M	756.7M	1.4B
Retained Earnings	1.2B	1.2B	(280M)	(534M)	(614.1M)	(583.4M)
Cash	2.8B	3.4B	4.7B	4.0B	4.6B	4.9B
Non Current Assets Total	14.8B	13.4B	10.9B	9.6B	11.0B	6.4B
Non Currrent Assets Other	1.2B	951M	(8.4B)	1.0B	936.9M	983.7M
Cash And Short Term Investments	2.8B	3.4B	4.7B	4.0B	4.6B	4.9B
Net Receivables	8.3B	9.1B	10.6B	11.3B	13.0B	13.7B
Common Stock Shares Outstanding	293M	294M	279M	262M	301.3M	314.6M
Liabilities And Stockholders Equity	40.8B	44.5B	43.9B	43.4B	49.9B	52.4B
Non Current Liabilities Total	15.4B	15.0B	14.0B	12.6B	14.4B	15.2B
Inventory	13.2B	14.6B	15.6B	15.9B	18.3B	19.2B
Other Current Assets	1.7B	3.9B	2.0B	2.4B	2.7B	2.9B
Other Stockholder Equity	(2.1B)	(2.2B)	(3.1B)	(4.9B)	(4.4B)	(4.2B)
Total Liab	39.0B	42.7B	44.6B	46.3B	53.2B	55.9B
Property Plant And Equipment Gross	2.4B	2.4B	5.9B	6.3B	7.3B	7.6B
Total Current Assets	25.9B	31.0B	32.9B	33.8B	38.9B	40.9B
Accumulated Other Comprehensive Income	(104M)	(34M)	(114M)	(151M)	(135.9M)	(129.1M)
Short Term Debt	10M	871M	580M	792M	910.8M	956.3M
Intangible Assets	2.9B	2.1B	1.8B	1.5B	1.7B	2.2B
Accounts Payable	21.4B	23.7B	27.1B	29.8B	34.3B	36.0B
Common Stock Total Equity	2.8B	2.8B	2.8B	2.7B	3.2B	2.9B
Common Stock	2.8B	2.8B	2.8B	2.7B	3.2B	2.0B
Other Liab	8.2B	9.7B	9.3B	8.3B	9.5B	10.0B
Other Assets	732M	951M	953M	606M	696.9M	618.0M
Long Term Debt	6.7B	5.4B	4.7B	3.9B	4.5B	4.4B
Treasury Stock	(2.1B)	(2.2B)	(3.1B)	(4.9B)	(4.4B)	(4.2B)
Property Plant Equipment	2.8B	2.4B	2.4B	2.5B	2.8B	2.2B
Good Will	8.4B	8.0B	5.9B	4.6B	5.3B	5.7B
Net Tangible Assets	(9.5B)	(8.3B)	(8.3B)	(8.9B)	(8.0B)	(7.6B)
Retained Earnings Total Equity	1.2B	1.2B	(280M)	(534M)	(480.6M)	(456.6M)
Long Term Debt Total	6.8B	5.4B	4.7B	3.9B	4.5B	5.6B

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

0.72

ENSG

Ensign Group Financial Report 24th of April 2024

Pair Corr

Moving against Cardinal Stock

0.72	FIGS	Figs Inc Financial Report 2nd of May 2024	Pair Corr
0.66	EKSO	Ekso Bionics Holdings Financial Report 25th of April 2024	Pair Corr
0.64	MMSI	Merit Medical Systems Financial Report 24th of April 2024	Pair Corr
0.61	INNV	InnovAge Holding Corp Financial Report 14th of May 2024	Pair Corr
0.54	AGL	agilon health Financial Report 14th of May 2024	Pair Corr

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 Correlation Correlation 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:

How To Invest In Cardinal

Details

Is Cardinal Stock a good investment?

Details

What is Cardinal Health's Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Cardinal Stock analysis

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.

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Cardinal Issuance Purchase of Equity Shares vs Net Cash Flow from Investing Analysis

About Cardinal Balance Sheet Analysis

Cardinal Health Balance Sheet Chart

Total Assets

Total Current Liabilities

Cardinal Health fundamental ratios Correlations

Cardinal Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cardinal Health fundamental ratios Accounts

Pair Trading with Cardinal Health

Moving together with Cardinal Stock

Moving against Cardinal Stock

Complementary Tools for Cardinal Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Net Receivables

Property Plant And Equipment Gross	- 0.89	Other Stockholder Equity
Accounts Payable	- 0.88	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Total Current Liabilities
Other Stockholder Equity	- 0.85	Net Receivables
Other Stockholder Equity	- 0.83	Inventory
Total Liab	- 0.82	Other Stockholder Equity