Cardinal Long Term Debt to Equity Trend from 2010 to 2022

CAH
 Stock
  

USD 53.10  0.83  1.59%   

Cardinal Health Long Term Debt to Equity is increasing over the last several years with slightly volatile swings. Long Term Debt to Equity is estimated to finish at 2.91 this year. During the period from 2010 to 2022 Cardinal Health Long Term Debt to Equity regressed destribution of quarterly values had coefficient of variationof 77.07 and r-value of  0.87. Cardinal Health Net Income to Non Controlling Interests is most likely to decrease significantly in the upcoming years. The last year's value of Net Income to Non Controlling Interests was reported at 900,000. The current Operating Income is estimated to increase to about 689.4 M, while Direct Expenses is projected to decrease to roughly 122.3 B.
  
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Check Cardinal Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cardinal main balance sheet or income statement drivers, such as Direct Expenses of 122.3 B, Consolidated Income of 520 M or Cost of Revenue of 162.1 B, as well as many exotic indicators such as Interest Coverage of 3.09, Long Term Debt to Equity of 2.91 or PPandE Turnover of 60.48. Cardinal financial statements analysis is a perfect complement when working with Cardinal Health Valuation or Volatility modules. It can also supplement various Cardinal Health Technical models. Continue to the analysis of Cardinal Health Correlation against competitors.

Cardinal Long Term Debt to Equity Breakdown

Showing smoothed Long Term Debt to Equity of Cardinal Health with missing and latest data points interpolated. Cardinal Health's Long Term Debt to Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cardinal Health's overall financial position and show how it may be relating to other accounts over time.
Long Term Debt to Equity10 Years Trend
Increasing
Slightly volatile
 Long Term Debt to Equity 
Share
      Timeline 

Cardinal Long Term Debt to Equity Regression Statistics

Arithmetic Mean 1.51
Geometric Mean 1.13
Coefficient Of Variation 77.07
Mean Deviation 0.97
Median 1.20
Standard Deviation 1.17
Sample Variance 1.36
Range 3.42
R-Value 0.87
Mean Square Error 0.36
R-Squared 0.76
Significance 0.00010374
Slope 0.26
Total Sum of Squares 16.35

Cardinal Long Term Debt to Equity History

2012 0.62
2013 0.5
2014 0.83
2015 0.76
2016 1.33
2017 1.32
2018 1.2
2019 3.78
2020 3.0
2021 2.7
2022 2.91

About Cardinal Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Cardinal Health income statement, its balance sheet, and the statement of cash flows. Cardinal Health investors use historical funamental indicators, such as Cardinal Health's Long Term Debt to Equity, to determine how well the company is positioned to perform in the future. Although Cardinal Health investors may use each financial statement separately, they are all related. The changes in Cardinal Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cardinal Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cardinal Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cardinal Health. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Long Term Debt to Equity 2.70  2.91 
Average Equity1.6 B1.6 B
Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products. The segment also provides services to pharmaceutical manufacturers and healthcare providers for specialty pharmaceutical products operates nuclear pharmacies and radiopharmaceutical manufacturing facilities repackages generic pharmaceuticals and over-the-counter healthcare products and offers medication therapy management and patient outcomes services to hospitals, other healthcare providers, and payers, as well as provides pharmacy management services to hospitals. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices that include exam and surgical gloves needles, syringe and sharps disposals compressions incontinences nutritional delivery products wound care products single-use surgical drapes, gowns, and apparels fluid suction and collection systems urology products operating room supply products and electrode product lines. The segment also distributes a range of national brand products, including medical, surgical, and laboratory products provides supply chain services and solutions to hospitals, ambulatory surgery centers, clinical laboratories, and other healthcare providers and assembles and sells sterile, and non-sterile procedure kits. It has a collaboration agreement with Journey Biosciences, Inc. Cardinal Health, Inc. was founded in 1979 and is headquartered in Dublin, Ohio.

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Our tools can tell you how much better you can do entering a position in Cardinal Health without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Cardinal Health Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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
Continue to the analysis of Cardinal Health Correlation against competitors. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Cardinal Health 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 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 YOY
-0.92
Market Capitalization
14.5 B
Quarterly Revenue Growth YOY
0.14
Return On Assets
0.0253
Return On Equity
-1.73
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 Cardinal Health value 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.