Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 15.73% is 17% above its 5-year average of 13.40%, near the high end of its 5-year range (10.14%–17.59%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.45% below its 12-month average of 16.12%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
15.73%
DEBT TO ASSETS RATIO AVG TTM
16.12%
DEBT TO ASSETS RATIO AVG 3Y
13.58%
DEBT TO ASSETS RATIO AVG 5Y
13.40%
DEBT TO ASSETS RATIO AVG 10Y
16.39%
DEBT TO ASSETS RATIO AVG 15Y
15.14%
DEBT TO ASSETS RATIO AVG 20Y
14.69%
CURRENT VS TTM AVG
-2.45%
CURRENT VS 3Y AVG
+15.79%
CURRENT VS 5Y AVG
+17.36%
CURRENT VS 10Y AVG
-4.03%
CURRENT VS 15Y AVG
+3.87%
CURRENT VS 20Y AVG
+7.09%
SECTOR MEDIAN · HEALTHCARE
0.29%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
+5323.42%
vs the sector median at left
Cardinal Health, Inc.
Market Cap
$53.87B
Debt to Assets Ratio
15.73%
TTM Avg
16.12%
3Y Avg
13.58%
5Y Avg
13.40%
Market Cap
$49.56B
Debt to Assets Ratio
0.05%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$60.00B
Debt to Assets Ratio
0.35%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.10B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$39.08B
Debt to Assets Ratio
0.26%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$69.46B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cardinal Health, Inc. (CAH) | $53.87B | 15.73% | 16.12% | 13.58% | 13.40% |
| Edwards Lifesciences Corporation (EW)vs › | $49.56B | 0.05% | N/A | N/A | N/A |
| Becton, Dickinson and Company (BDX)vs › | $60.00B | 0.35% | N/A | N/A | N/A |
| Cencora, Inc. (COR)vs › | $60.57B | 0.14% | N/A | N/A | N/A |
| IDEXX Laboratories, Inc. (IDXX)vs › | $44.10B | 0.32% | N/A | N/A | N/A |
| Humana Inc. (HUM)vs › | $43.67B | 0.27% | N/A | N/A | N/A |
| Agilent Technologies, Inc. (A)vs › | $39.08B | 0.26% | N/A | N/A | N/A |
| IQVIA Holdings Inc. (IQV)vs › | $38.68B | 0.54% | N/A | N/A | N/A |
| Boston Scientific Corporation (BSX)vs › | $69.46B | 0.28% | N/A | N/A | N/A |
| Cigna Corporation (CI)vs › | $73.82B | 0.20% | N/A | N/A | N/A |
Debt/Assets
15.7%
Debt/Equity
-3.36
Current Ratio
0.94
Interest Coverage
10.6x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-03-31 | 15.73% |
| 2025-12-31 | 15.54% |
| 2025-09-30 | 16.35% |
| 2025-06-30 | 17.59% |
| 2025-03-31 | 15.40% |
| 2024-12-31 | 16.18% |
| 2024-09-30 | 11.99% |
| 2024-06-30 | 12.43% |
| 2024-03-31 | 12.76% |
| 2023-12-31 | 10.14% |
| 2023-09-30 | 10.70% |
| 2023-06-30 | 10.84% |
| 2023-03-31 | 10.91% |
| 2022-12-31 | 11.83% |
| 2022-09-30 | 12.14% |
| 2022-06-30 | 12.11% |
| 2022-03-31 | 13.33% |
| 2021-12-31 | 12.92% |
| 2021-09-30 | 13.15% |
| 2021-06-30 | 14.03% |
| 2021-03-31 | 15.34% |
| 2020-12-31 | 15.06% |
| 2020-09-30 | 16.15% |
| 2020-06-30 | 16.62% |
| 2020-03-31 | 17.65% |
| 2019-12-31 | 19.33% |
| 2019-09-30 | 20.40% |
| 2019-06-30 | 19.61% |
| 2019-03-31 | 22.25% |
| 2018-12-31 | 22.36% |
| 2018-09-30 | 22.50% |
| 2018-06-30 | 22.56% |
| 2018-03-31 | 23.34% |
| 2017-12-31 | 22.75% |
| 2017-09-30 | 23.85% |
| 2017-06-30 | 25.91% |
| 2017-03-31 | 15.98% |
| 2016-12-31 | 15.60% |
| 2016-09-30 | 16.08% |
| 2016-06-30 | 16.23% |
| 2016-03-31 | 16.29% |
| 2015-12-31 | 16.49% |
| 2015-09-30 | 17.78% |
| 2015-06-30 | 18.22% |
| 2015-03-31 | 14.35% |
| 2014-12-31 | 14.59% |
| 2014-09-30 | 15.58% |
| 2014-06-30 | 15.26% |
| 2014-03-31 | 15.87% |
| 2013-12-31 | 15.73% |
| 2013-09-30 | 16.30% |
| 2013-06-30 | 14.93% |
| 2013-03-31 | 15.57% |
| 2012-12-31 | 11.76% |
| 2012-09-30 | 11.60% |
| 2012-06-30 | 11.93% |
| 2012-03-31 | 10.36% |
| 2011-12-31 | 10.52% |
| 2011-09-30 | 10.90% |
| 2011-06-30 | 10.95% |
| 2011-03-31 | 10.67% |
| 2010-12-31 | 11.69% |
| 2010-09-30 | 10.20% |
| 2010-06-30 | 10.65% |
| 2010-03-31 | 9.91% |
| 2009-12-31 | 10.14% |
| 2009-09-30 | 12.07% |
| 2009-06-30 | 14.52% |
| 2009-03-31 | 14.38% |
| 2008-12-31 | 15.42% |
| 2008-09-30 | 15.27% |
| 2008-06-30 | 16.40% |
| 2008-03-31 | 16.12% |
| 2007-12-31 | 17.34% |
| 2007-09-30 | 16.24% |
| 2007-06-30 | 15.00% |
| 2007-03-31 | 13.16% |
| 2006-12-31 | 12.37% |
| 2006-09-30 | 12.56% |
| 2006-06-30 | 11.93% |
| 2006-03-31 | 11.96% |
| 2005-12-31 | 12.96% |
| 2005-09-30 | 11.36% |
| 2005-06-30 | 11.91% |
| 2005-03-31 | 13.06% |
| 2004-12-31 | 12.94% |
| 2004-09-30 | 14.62% |
| 2004-06-30 | 17.29% |
| 2004-03-31 | 12.68% |
| 2003-12-31 | 13.96% |
| 2003-09-30 | 14.61% |
| 2003-06-30 | 14.58% |
| 2003-03-31 | 12.74% |
| 2002-12-31 | 13.15% |
| 2002-09-30 | 13.89% |
| 2002-06-30 | 13.54% |