Cardinal Net Cash Flow or Change in Cash and Cash Equivalents vs Payment of Dividends and Other Cash Distributions Analysis
CAH Stock | USD 106.52 0.65 0.61% |
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.
Cardinal |
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. 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 |
Cardinal Health fundamental ratios Correlations
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Cardinal Health Account Relationship Matchups
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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
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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.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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.