Cardinal Historical Balance Sheet

CAH
 Stock
  

USD 69.32  3.32  5.03%   

Trend analysis of Cardinal Health balance sheet accounts such as Receivables of 7.3 B, Accounts Payable of 18 B or Total Assets of 43.6 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. Financial Statement Analysis is much more than just reviewing and breaking down Cardinal Health prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cardinal Health is a good buy for the upcoming year.
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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.
Cardinal Health Debt Current is most likely to increase significantly in the upcoming years. The last year's value of Debt Current was reported at 580 Million. The current Debt Non Current is estimated to increase to about 5.7 B, while Inventories is projected to decrease to roughly 11.2 B.

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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; Goodwill and Intangible Assets; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

Current Assets

Current assets of Cardinal Health include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Cardinal Health. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Cardinal Health balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Cardinal Health books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Cardinal Health balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Cardinal Health Debt Current is most likely to increase significantly in the upcoming years. The last year's value of Debt Current was reported at 580 Million. The current Debt Non Current is estimated to increase to about 5.7 B, while Inventories is projected to decrease to roughly 11.2 B.
 2019 2020 2021 2022 (projected)
Receivables8.26 B9.1 B8.19 B7.29 B
Inventories13.2 B14.59 B13.13 B11.2 B

Cardinal Health balance sheet Correlations

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0.960.970.910.820.850.290.710.220.73-0.450.830.850.870.830.90.830.830.780.65
1.00.970.950.850.890.240.680.190.7-0.540.870.910.930.890.930.90.90.810.73
0.940.910.950.960.850.410.730.310.74-0.650.820.970.980.960.960.960.920.910.8
0.850.820.850.960.660.580.60.330.59-0.760.620.960.970.970.930.960.830.950.85
0.880.850.890.850.660.030.790.20.82-0.311.00.760.780.730.810.750.890.630.52
0.250.290.240.410.580.030.460.450.42-0.270.030.340.40.380.410.340.10.410.29
0.670.710.680.730.60.790.460.540.99-0.030.820.540.60.530.660.530.620.470.23
0.210.220.190.310.330.20.450.540.410.120.240.190.220.220.20.170.180.170.0
0.690.730.70.740.590.820.420.990.41-0.050.850.560.610.540.680.540.640.480.24
-0.56-0.45-0.54-0.65-0.76-0.31-0.27-0.030.12-0.05-0.23-0.8-0.77-0.8-0.71-0.8-0.64-0.82-0.95
0.850.830.870.820.621.00.030.820.240.85-0.230.710.730.680.770.690.850.570.45
0.910.850.910.970.960.760.340.540.190.56-0.80.710.991.00.941.00.930.960.89
0.930.870.930.980.970.780.40.60.220.61-0.770.730.990.990.970.980.920.950.89
0.890.830.890.960.970.730.380.530.220.54-0.80.681.00.990.921.00.910.970.88
0.940.90.930.960.930.810.410.660.20.68-0.710.770.940.970.920.920.890.870.86
0.890.830.90.960.960.750.340.530.170.54-0.80.691.00.981.00.920.910.970.88
0.890.830.90.920.830.890.10.620.180.64-0.640.850.930.920.910.890.910.860.76
0.80.780.810.910.950.630.410.470.170.48-0.820.570.960.950.970.870.970.860.87
0.740.650.730.80.850.520.290.230.00.24-0.950.450.890.890.880.860.880.760.87
Click cells to compare fundamentals

Cardinal Health Account Relationship Matchups

Cardinal Health balance sheet Accounts

201720182019202020212022 (projected)
Inventories12.31 B12.82 B13.2 B14.59 B13.13 B11.2 B
Receivables7.8 B8.45 B8.26 B9.1 B8.19 B7.29 B
Accounts Payable19.68 B21.54 B21.37 B23.7 B21.33 B17.99 B
Accumulated Other Comprehensive Income(92 M)(79 M)(104 M)(34 M)(114 M)(117 M)
Total Assets39.95 B40.96 B40.77 B44.45 B43.88 B43.65 B
Current Assets24.55 B25.75 B25.94 B31.05 B32.94 B31.31 B
Assets Non Current15.4 B15.22 B14.83 B13.4 B10.94 B12.34 B
Cash and Equivalents1.76 B2.53 B2.77 B3.41 B4.72 B4.38 B
Cash and Equivalents USD1.76 B2.53 B2.77 B3.41 B4.72 B4.38 B
Total Debt9.01 B8.03 B6.78 B6.24 B5.32 B6.35 B
Debt Current1 B452 M10 M871 M580 M650.21 M
Debt Non Current8.01 B7.58 B6.76 B5.37 B4.74 B5.7 B
Total Debt USD9.01 B8.03 B6.78 B6.24 B5.32 B6.35 B
Shareholders Equity6.06 B6.33 B1.79 B1.79 B(709 M)(727.66 M)
Shareholders Equity USD6.06 B6.33 B1.79 B1.79 B(709 M)(727.66 M)
Goodwill and Intangible Assets12.23 B11.81 B11.28 B10.09 B7.63 B8.94 B
Inventory12.31 B12.82 B13.2 B14.59 B15.64 B14.77 B
Total Liabilities33.89 B34.63 B38.97 B42.66 B44.58 B41.2 B
Current Liabilities22.89 B24.11 B23.61 B27.62 B30.55 B28.23 B
Liabilities Non Current11 B10.52 B15.36 B15.04 B14.03 B12.97 B
Trade and Non Trade Payables19.68 B21.54 B21.37 B23.7 B27.13 B24.76 B
Property Plant and Equipment Net2.49 B2.36 B2.37 B2.36 B2.36 B2.38 B
Trade and Non Trade Receivables7.8 B8.45 B8.26 B9.1 B10.56 B9.99 B
Accumulated Retained Earnings Deficit4.64 B5.43 B1.17 B1.21 B(280 M)(287.37 M)
Tax Liabilities2.98 B2.94 B8.59 B9.67 B9.3 B10.03 B

Be your own money manager

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.

Moving together with Cardinal Health

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Moving against Cardinal Health

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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 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 Trending Equities. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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
0.25
Market Capitalization
18.9 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0236
Return On Equity
-1.71
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.