Cardinal Health, Inc. (CAH) Balance Sheet
CAH balance sheet, FY2026
June 30, 2026 · U.S. dollars$57.30B assets = $60.02B liabilities + −$2.72B equity
Liabilities exceed assets: shareholders’ equity is negative (−$2.72B).
Both columns are drawn to the same scale: what CAH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CAH financial health
Descriptive bands, not a rating. Fiscal FY2026.
CAH balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $40.11BFY2017 | $57.30BFY2026 | +4.0%/yr | |
| Total liabilities | $33.28BFY2017 | $60.02BFY2026 | +6.8%/yr | |
| Shareholders’ equity | $6.81BFY2017 | −$2.88BFY2026 | — | |
| Cash & short-term investments | $6.88BFY2017 | $4.86BFY2026 | −3.8%/yr | |
| Total debt | $10.39BFY2017 | $9.95BFY2026 | −0.5%/yr | |
| Net cash (debt) | −$3.52BFY2017 | −$5.09BFY2026 | −$1.6B | |
| Working capital | $7.12BFY2017 | −$5.15BFY2026 | −$12.3B | |
| Book value per share | $21.27FY2017 | −$12.16FY2026 | — | |
| Current ratio | 1.34FY2017 | 0.88FY2026 | −0.45 | |
| Debt / equity | 1.53FY2017 | 3.75FY2021 | +2.22 | |
| Shares outstanding | 320.0MFY2017 | 237.0MFY2026 | −3.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CAH assets
CAH liabilities and equity
CAH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CAH balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.86B | $3.87B | $5.13B | $4.08B | $4.72B | $3.41B | $2.77B | $2.53B | $1.76B | $6.88B |
| Cash & equivalents | $4.86B | $3.87B | $5.13B | $4.08B | $4.72B | $3.41B | $2.77B | $2.53B | $1.76B | $6.88B |
| Short-term investments | — | — | $200.0M | — | — | — | — | — | $0 | $65.0M |
| Receivables | $13.81B | $13.24B | $12.08B | $11.11B | $10.57B | $9.10B | $8.26B | $8.45B | $7.80B | $8.05B |
| Inventory | $17.30B | $16.83B | $14.96B | $16.12B | $15.64B | $14.59B | $13.20B | $12.82B | $12.31B | $11.30B |
| Other current assets | $2.79B | $2.43B | $2.71B | $2.43B | $2.01B | $3.94B | $1.71B | $1.95B | $2.68B | $2.12B |
| Total current assets | $38.75B | $36.37B | $34.88B | $33.74B | $32.94B | $31.05B | $25.94B | $25.75B | $24.55B | $28.34B |
| Property, plant & equipment (net) | $4.02B | $2.86B | $2.53B | $2.46B | $2.36B | $2.36B | $2.37B | $2.36B | $2.49B | $1.88B |
| Goodwill & intangible assets | $13.63B | $12.18B | $6.45B | $6.08B | $7.63B | $10.09B | $11.28B | $11.81B | $12.23B | $9.21B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46.0M | $0 | $0 |
| Other non-current assets | $893.0M | $1.71B | $1.26B | $1.07B | $953.0M | $951.0M | $1.19B | $1.01B | $682.0M | $681.0M |
| Total assets | $57.30B | $53.12B | $45.12B | $43.35B | $43.88B | $44.45B | $40.77B | $40.96B | $39.95B | $40.11B |
| Liabilities | ||||||||||
| Accounts payable | $38.28B | $34.71B | $31.76B | $29.93B | $27.13B | $23.70B | $21.37B | $21.54B | $19.68B | $17.91B |
| Short-term debt | $2.08B | $714.0M | $551.0M | $892.0M | $682.0M | $976.0M | $10.0M | $452.0M | $1.00B | $1.33B |
| Deferred revenue | — | — | — | $3.06B | — | $2.96B | — | — | $2.00B | — |
| Total current liabilities | $43.90B | $38.90B | $35.64B | $33.74B | $30.55B | $27.62B | $23.61B | $24.11B | $22.89B | $21.22B |
| Long-term debt | $7.00B | $7.98B | $4.66B | $3.91B | $4.74B | $5.37B | $6.76B | $7.58B | $8.01B | $9.07B |
| Other long-term liabilities | $9.12B | $8.88B | $8.04B | $8.66B | $9.30B | $9.67B | $8.59B | $2.94B | $2.99B | $3.00B |
| Total liabilities | $60.02B | $55.76B | $48.33B | $46.31B | $44.58B | $42.66B | $38.97B | $34.63B | $33.89B | $33.28B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.89B | $2.96B | $2.92B | $2.75B | $2.81B | $2.81B | $2.79B | $2.76B | $2.73B | $2.70B |
| Retained earnings (deficit) | $2.01B | $783.0M | −$286.0M | −$642.0M | −$280.0M | $1.21B | $1.17B | $5.43B | $4.64B | $4.97B |
| Treasury stock | — | — | — | −$4.91B | −$3.13B | −$2.19B | −$2.07B | −$1.79B | −$1.22B | −$731.0M |
| Accumulated other comprehensive income | −$165.0M | −$155.0M | −$167.0M | −$151.0M | −$114.0M | −$34.0M | −$104.0M | −$79.0M | −$92.0M | −$125.0M |
| Minority interest | $159.0M | $147.0M | $1.0M | $1.0M | $3.0M | $3.0M | $3.0M | $2.0M | $0 | $20.0M |
| Total shareholders' equity | −$2.88B | −$2.78B | −$3.21B | −$2.96B | −$709.0M | $1.79B | $1.79B | $6.33B | $6.06B | $6.81B |
| Key figures | ||||||||||
| Total debt | $9.95B | $9.35B | $5.61B | $5.18B | $5.80B | $6.71B | $6.78B | $8.03B | $9.01B | $10.39B |
| Net cash (debt) | −$5.09B | −$5.47B | −$476.0M | −$1.10B | −$1.09B | −$3.31B | −$4.00B | −$5.50B | −$7.25B | −$3.52B |
| Working capital | −$5.15B | −$2.52B | −$756.0M | −$3.0M | $2.38B | $3.42B | $2.33B | $1.64B | $1.66B | $7.12B |
| Tangible book value | −$16.51B | −$14.96B | −$9.66B | −$9.04B | −$8.34B | −$8.30B | −$9.49B | −$5.48B | −$6.17B | −$2.40B |
| Book value per share | −$12.16 | −$11.49 | −$13.01 | −$11.29 | −$2.54 | $6.09 | $6.11 | $21.02 | $19.23 | $21.27 |
| Shares outstanding | 237.0M | 242.0M | 247.0M | 262.0M | 279.0M | 294.0M | 293.0M | 301.0M | 315.0M | 320.0M |
| Current ratio | 0.88 | 0.94 | 0.98 | 1.00 | 1.08 | 1.12 | 1.10 | 1.07 | 1.07 | 1.34 |
| Quick ratio | 0.43 | 0.44 | 0.48 | 0.45 | 0.50 | 0.45 | 0.47 | 0.46 | 0.42 | 0.70 |
| Debt / equity | — | — | — | — | — | 3.75 | 3.79 | 1.27 | 1.49 | 1.53 |
| Equity / assets | −5.0% | −5.2% | −7.1% | −6.8% | −1.6% | 4.0% | 4.4% | 15.4% | 15.2% | 17.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.86B | $3.94B | $2.78B | $4.59B | $3.87B | $3.33B | $3.81B | $2.87B | $5.13B | $3.72B | $4.59B | $3.85B |
| Cash & equivalents | $4.86B | $3.94B | $2.78B | $4.59B | $3.87B | $3.33B | $3.81B | $2.87B | $5.13B | $3.72B | $4.59B | $3.85B |
| Short-term investments | — | — | — | — | — | — | — | — | $200.0M | — | — | — |
| Receivables | $13.81B | $13.65B | $13.66B | $13.77B | $13.24B | $12.67B | $12.37B | $11.78B | $12.08B | $11.57B | $11.79B | $11.27B |
| Inventory | $17.30B | $18.01B | $20.12B | $17.56B | $16.83B | $16.16B | $16.90B | $15.62B | $14.96B | $17.28B | $18.45B | $16.99B |
| Other current assets | $2.79B | $2.47B | $2.67B | $2.62B | $2.43B | $2.44B | $2.67B | $2.64B | $2.71B | $3.17B | $2.83B | $2.58B |
| Total current assets | $38.75B | $38.06B | $39.23B | $38.54B | $36.37B | $34.59B | $35.76B | $32.91B | $34.88B | $35.73B | $37.66B | $34.69B |
| Property, plant & equipment (net) | $4.02B | $2.93B | $2.88B | $2.83B | $2.86B | $2.66B | $2.56B | $2.54B | $2.53B | $2.47B | $2.45B | $2.44B |
| Goodwill & intangible assets | $13.63B | $13.70B | $13.98B | $12.11B | $12.18B | $11.01B | $7.44B | $6.39B | $6.45B | $6.51B | $5.37B | $5.43B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $893.0M | $2.00B | $2.00B | $1.75B | $1.71B | $1.60B | $1.25B | $1.23B | $1.26B | $1.17B | $1.10B | $1.15B |
| Total assets | $57.30B | $56.69B | $58.08B | $55.23B | $53.12B | $49.87B | $47.00B | $43.06B | $45.12B | $45.88B | $46.57B | $43.71B |
| Liabilities | ||||||||||||
| Accounts payable | $38.28B | $37.83B | $39.00B | $36.86B | $34.71B | $32.81B | $31.30B | $30.36B | $31.76B | $32.09B | $34.26B | $31.54B |
| Short-term debt | $2.08B | $671.0M | $680.0M | $52.0M | $714.0M | $543.0M | $544.0M | $940.0M | $551.0M | $1.19B | $1.19B | $788.0M |
| Total current liabilities | $43.90B | $41.99B | $43.31B | $40.27B | $38.90B | $36.66B | $35.22B | $34.68B | $35.64B | $36.31B | $38.29B | $35.06B |
| Long-term debt | $7.00B | $8.24B | $8.35B | $8.98B | $7.98B | $7.14B | $7.06B | $4.22B | $4.66B | $4.67B | $3.54B | $3.89B |
| Other long-term liabilities | $9.12B | $9.29B | $9.12B | $8.86B | $8.88B | $7.97B | $7.64B | $7.43B | $8.04B | $8.17B | $8.20B | $8.24B |
| Total liabilities | $60.02B | $59.36B | $60.78B | $57.96B | $55.76B | $51.77B | $49.92B | $46.34B | $48.33B | $49.14B | $50.02B | $47.20B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.89B | $2.81B | $2.85B | $2.75B | $2.96B | $2.95B | $2.93B | $2.83B | $2.92B | $2.89B | $2.85B | $2.73B |
| Retained earnings (deficit) | $2.01B | $1.73B | $1.46B | $1.12B | $783.0M | $664.0M | $283.0M | $14.0M | −$286.0M | −$289.0M | −$425.0M | −$654.0M |
| Accumulated other comprehensive income | −$165.0M | −$161.0M | −$153.0M | −$159.0M | −$155.0M | −$176.0M | −$180.0M | −$155.0M | −$167.0M | −$160.0M | −$155.0M | −$165.0M |
| Minority interest | $159.0M | $160.0M | $184.0M | $148.0M | $147.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | −$2.88B | −$2.83B | −$2.88B | −$2.88B | −$2.78B | −$2.95B | −$2.99B | −$3.28B | −$3.21B | −$3.27B | −$3.45B | −$3.49B |
| Key figures | ||||||||||||
| Total debt | $9.95B | $8.92B | $9.03B | $9.03B | $9.35B | $7.68B | $7.61B | $5.16B | $5.61B | $5.85B | $4.72B | $4.68B |
| Net cash (debt) | −$5.09B | −$4.98B | −$6.25B | −$4.44B | −$5.47B | −$4.35B | −$3.80B | −$2.30B | −$476.0M | −$2.14B | −$132.0M | −$824.0M |
| Working capital | −$5.15B | −$3.92B | −$4.08B | −$1.73B | −$2.52B | −$2.07B | $533.0M | −$1.77B | −$756.0M | −$572.0M | −$628.0M | −$377.0M |
| Tangible book value | −$16.51B | −$16.53B | −$16.86B | −$14.99B | −$14.96B | −$13.96B | −$10.43B | −$9.66B | −$9.66B | −$9.77B | −$8.82B | −$8.92B |
| Book value per share | −$12.16 | −$12.00 | −$12.17 | −$12.05 | −$11.59 | −$12.23 | −$12.31 | −$13.38 | −$13.11 | −$13.33 | −$14.02 | −$13.96 |
| Shares outstanding | 237.0M | 236.0M | 237.0M | 239.0M | 240.0M | 241.0M | 243.0M | 245.0M | 245.0M | 245.0M | 246.0M | 250.0M |
| Current ratio | 0.88 | 0.91 | 0.91 | 0.96 | 0.94 | 0.94 | 1.02 | 0.95 | 0.98 | 0.98 | 0.98 | 0.99 |
| Quick ratio | 0.43 | 0.42 | 0.38 | 0.46 | 0.44 | 0.44 | 0.46 | 0.42 | 0.48 | 0.42 | 0.43 | 0.43 |
| Equity / assets | −5.0% | −5.0% | −5.0% | −5.2% | −5.2% | −5.9% | −6.4% | −7.6% | −7.1% | −7.1% | −7.4% | −8.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 11, 2026); data from EODHD.
CAH financial position
At the end of fiscal 2026 (June 30, 2026), Cardinal Health had total assets of $57.3 billion (up 7.9% from a year earlier), total liabilities of $60.0 billion and shareholders' equity of -$2.9 billion. It held $4.9 billion in cash and short-term investments against $9.9 billion of debt, net debt of $5.1 billion. Its current ratio was 0.88.
Related: CAH income statement, CAH cash flow statement, CAH key metrics. See the CAH stock overview for the latest quote and news.
CAH balance sheet FAQ
What are Cardinal Health's total assets?
Cardinal Health reported total assets of $57.3 billion at the end of fiscal 2026 (June 30, 2026), compared with $53.1 billion a year earlier.
How much debt does Cardinal Health have?
Cardinal Health had $9.9 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Cardinal Health have?
Cardinal Health held $4.9 billion in cash and short-term investments at the end of fiscal 2026; with $9.9 billion of debt that is net debt of $5.1 billion.
What is Cardinal Health's book value?
Cardinal Health's shareholders' equity (book value) was -$2.9 billion at the end of fiscal 2026, or −$12.16 per share.
What is Cardinal Health's current ratio?
Cardinal Health had current assets of $38.8 billion and current liabilities of $43.9 billion, a current ratio of 0.88 (current liabilities exceed current assets).
How much goodwill does Cardinal Health have?
Cardinal Health carried $13.6 billion of goodwill and intangible assets, 23.8% of total assets, at the end of fiscal 2026.