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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Cardinal Health (CAH) Debt to Equity (2016 - 2025)

Cardinal Health's Debt to Equity history spans 17 years, with the latest figure at -$3.13 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 20.21% year-over-year to -$3.13; the TTM value through Dec 2025 reached -$3.13, down 20.21%, while the annual FY2025 figure was -$3.24, 104.21% down from the prior year.
  • Debt to Equity for Q4 2025 was -$3.13 at Cardinal Health, up from -$3.31 in the prior quarter.
  • Across five years, Debt to Equity topped out at $5.63 in Q4 2021 and bottomed at -$8.1 in Q1 2022.
  • The 5-year median for Debt to Equity is -$1.94 (2024), against an average of -$1.42.
  • The largest annual shift saw Debt to Equity plummeted 315.84% in 2022 before it surged 73.64% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $5.63 in 2021, then crashed by 142.24% to -$2.38 in 2022, then surged by 44.03% to -$1.33 in 2023, then plummeted by 95.55% to -$2.6 in 2024, then dropped by 20.21% to -$3.13 in 2025.
  • Per Business Quant, the three most recent readings for CAH's Debt to Equity are -$3.13 (Q4 2025), -$3.31 (Q3 2025), and -$3.24 (Q2 2025).