Cencora (COR) Balance Sheet
COR balance sheet, FY2025
September 30, 2025 · U.S. dollars$76.59B assets = $74.84B liabilities + $1.75B equity
Both columns are drawn to the same scale: what COR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
COR financial health
Descriptive bands, not a rating. Fiscal FY2025.
COR balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $33.59BFY2016 | $76.59BFY2025 | +9.6%/yr | |
| Total liabilities | $31.51BFY2016 | $74.84BFY2025 | +10.1%/yr | |
| Shareholders’ equity | $2.13BFY2016 | $1.51BFY2025 | −3.8%/yr | |
| Cash & short-term investments | $2.77BFY2016 | $4.39BFY2025 | +5.3%/yr | |
| Total debt | $4.46BFY2016 | $10.75BFY2025 | +10.3%/yr | |
| Net cash (debt) | −$1.69BFY2016 | −$6.35BFY2025 | −$4.7B | |
| Working capital | −$2.45BFY2016 | −$5.58BFY2025 | −$3.1B | |
| Book value per share | $9.42FY2016 | $7.72FY2025 | −2.2%/yr | |
| Current ratio | 0.90FY2016 | 0.90FY2025 | 0.00 | |
| Debt / equity | 2.10FY2016 | 7.13FY2025 | +5.03 | |
| Shares outstanding | 226.0MFY2016 | 195.2MFY2025 | −1.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
COR assets
COR liabilities and equity
COR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
COR balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.39B | $3.23B | $2.69B | $3.53B | $2.55B | $4.60B | $3.37B | $2.49B | $2.44B | $2.77B |
| Cash & equivalents | $4.39B | $3.23B | $2.69B | $3.53B | $2.55B | $4.60B | $3.37B | $2.49B | $2.44B | $2.74B |
| Short-term investments | — | — | — | $0 | $372.9M | — | — | — | — | $26.1M |
| Receivables | $25.23B | $23.87B | $20.91B | $18.63B | $18.39B | $14.30B | $12.39B | $11.31B | $10.30B | $9.18B |
| Inventory | $20.49B | $19.00B | $17.45B | $17.09B | $15.37B | $12.59B | $11.06B | $11.92B | $11.46B | $10.72B |
| Other current assets | $2.13B | $1.62B | $1.74B | $342.9M | $2.50B | $1.53B | $1.31B | $169.1M | $103.4M | $122.2M |
| Total current assets | $52.24B | $47.72B | $42.80B | $39.59B | $38.80B | $33.02B | $28.13B | $25.89B | $24.30B | $22.79B |
| Property, plant & equipment (net) | $4.09B | $3.32B | $3.15B | $3.08B | $3.23B | $1.93B | $1.77B | $1.89B | $1.80B | $1.53B |
| Goodwill & intangible assets | $17.45B | $13.32B | $14.01B | $12.84B | $14.29B | $8.59B | $9.00B | $9.61B | $8.88B | $8.96B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.81B | $2.74B | $2.60B | $1.05B | $1.02B | $733.8M | $269.1M | $270.9M | $337.7M | $309.7M |
| Total assets | $76.59B | $67.10B | $62.56B | $56.56B | $57.34B | $44.27B | $39.17B | $37.67B | $35.32B | $33.59B |
| Liabilities | ||||||||||
| Accounts payable | $54.72B | $50.94B | $45.84B | $40.19B | $38.01B | $31.71B | $28.39B | $26.84B | $25.40B | $23.93B |
| Short-term debt | $371.6M | $781.1M | $823.8M | $1.23B | $475.6M | $593.8M | $139.0M | $151.7M | $12.1M | $610.2M |
| Deferred revenue | — | — | $310.7M | — | $2.86B | $53.1M | — | $1.83B | −$12.1M | −$611.1M |
| Total current liabilities | $57.82B | $54.28B | $48.83B | $43.48B | $41.36B | $33.85B | $29.58B | $27.87B | $26.77B | $25.24B |
| Long-term debt | $7.54B | $3.81B | $4.15B | $4.63B | $6.38B | $3.62B | $4.03B | $0 | $0 | $0 |
| Other long-term liabilities | $9.48B | $8.23B | $8.92B | $8.38B | $9.01B | $7.64B | $2.85B | $7.10B | $6.43B | $6.23B |
| Total liabilities | $74.84B | $66.31B | $61.89B | $56.49B | $56.75B | $45.11B | $36.47B | $34.97B | $33.25B | $31.51B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.0M | $3.0M | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M | $2.8M | $2.8M | $2.8M |
| Retained earnings (deficit) | $6.53B | $5.42B | $4.32B | $2.98B | $1.67B | $518.3M | $4.24B | $3.72B | $2.40B | $2.30B |
| Accumulated other comprehensive income | −$901.4M | −$989.1M | −$1.40B | −$1.83B | −$445.4M | −$108.8M | −$112.0M | −$79.3M | −$95.8M | −$114.3M |
| Minority interest | $239.1M | $140.8M | $144.3M | $282.8M | — | — | — | — | — | — |
| Total shareholders' equity | $1.51B | $645.9M | $522.0M | −$211.6M | $223.4M | −$1.02B | $2.88B | $2.93B | $2.06B | $2.13B |
| Key figures | ||||||||||
| Total debt | $10.75B | $6.65B | $6.82B | $7.59B | $8.75B | $4.98B | $4.49B | $4.66B | $3.79B | $4.46B |
| Net cash (debt) | −$6.35B | −$3.42B | −$4.13B | −$4.06B | −$6.20B | −$385.4M | −$1.12B | −$2.17B | −$1.36B | −$1.69B |
| Working capital | −$5.58B | −$6.56B | −$6.03B | −$3.89B | −$2.56B | −$833.2M | −$1.45B | −$1.98B | −$2.46B | −$2.45B |
| Tangible book value | −$15.94B | −$12.67B | −$13.48B | −$13.05B | −$14.06B | −$9.61B | −$6.12B | −$6.68B | −$6.81B | −$6.83B |
| Book value per share | $7.72 | $3.23 | $2.55 | −$1.00 | $1.07 | −$4.98 | $13.59 | $13.31 | $9.32 | $9.42 |
| Shares outstanding | 195.2M | 200.3M | 204.6M | 211.2M | 208.5M | 204.8M | 211.8M | 220.3M | 221.6M | 226.0M |
| Current ratio | 0.90 | 0.88 | 0.88 | 0.91 | 0.94 | 0.98 | 0.95 | 0.93 | 0.91 | 0.90 |
| Quick ratio | 0.51 | 0.50 | 0.48 | 0.51 | 0.51 | 0.56 | 0.53 | 0.50 | 0.48 | 0.47 |
| Debt / equity | 7.13 | 10.30 | 13.06 | — | 39.18 | — | 1.56 | 1.59 | 1.84 | 2.10 |
| Equity / assets | 2.0% | 1.0% | 0.8% | −0.4% | 0.4% | −2.3% | 7.3% | 7.8% | 5.8% | 6.3% |
| 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 | $2.82B | $2.24B | $1.81B | $4.39B | $2.28B | $2.11B | $3.33B | $3.23B | $3.41B | $2.22B | $2.97B | $2.69B |
| Cash & equivalents | $2.82B | $2.24B | $1.81B | $4.39B | $2.28B | $2.11B | $3.33B | $3.23B | $3.41B | $2.22B | $2.97B | $2.69B |
| Receivables | $25.45B | $24.89B | $25.98B | $25.23B | $24.56B | $23.72B | $24.55B | $23.87B | $24.05B | $22.75B | $21.58B | $20.91B |
| Inventory | $21.03B | $20.01B | $24.08B | $20.49B | $20.14B | $18.97B | $20.51B | $19.00B | $18.30B | $17.63B | $18.65B | $17.45B |
| Other current assets | $6.04B | $6.00B | $2.28B | $2.13B | $1.84B | $1.74B | $1.61B | $1.62B | $1.54B | $1.56B | $1.66B | $1.74B |
| Total current assets | $55.34B | $53.14B | $54.15B | $52.24B | $48.81B | $46.53B | $49.99B | $47.72B | $47.31B | $44.16B | $44.86B | $42.80B |
| Property, plant & equipment (net) | $2.84B | $2.81B | $2.45B | $4.09B | $2.43B | $2.30B | $2.10B | $3.32B | $2.08B | $2.09B | $2.12B | $3.15B |
| Goodwill & intangible assets | $22.45B | $22.51B | $17.41B | $17.45B | $18.26B | $17.95B | $12.86B | $13.32B | $13.62B | $13.79B | $14.04B | $14.01B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.19B | $3.20B | $4.35B | $2.81B | $4.46B | $4.40B | $4.11B | $2.74B | $3.76B | $3.82B | $3.68B | $2.60B |
| Total assets | $83.81B | $81.65B | $78.36B | $76.59B | $73.96B | $71.19B | $69.05B | $67.10B | $66.77B | $63.87B | $64.69B | $62.56B |
| Liabilities | ||||||||||||
| Accounts payable | $54.70B | $51.88B | $56.06B | $54.72B | $51.04B | $50.11B | $49.91B | $50.94B | $49.88B | $46.32B | $47.74B | $45.84B |
| Short-term debt | $279.2M | $202.7M | $342.3M | $371.6M | $196.8M | $770.3M | $2.21B | $781.1M | $565.1M | $1.07B | $592.8M | $823.8M |
| Deferred revenue | — | — | — | — | — | — | — | $291.8M | $332.4M | — | $335.3M | $310.7M |
| Total current liabilities | $59.20B | $56.13B | $59.13B | $57.82B | $53.96B | $53.33B | $54.51B | $54.28B | $52.97B | $49.76B | $50.77B | $48.83B |
| Long-term debt | $11.44B | $12.26B | $7.58B | $7.54B | $8.04B | $7.09B | $5.94B | $3.81B | $4.17B | $4.18B | $4.19B | $4.15B |
| Other long-term liabilities | $9.93B | $9.68B | $9.55B | $9.48B | $9.75B | $9.60B | $8.25B | $8.23B | $8.57B | $8.70B | $8.67B | $8.92B |
| Total liabilities | $80.57B | $78.07B | $76.27B | $74.84B | $71.75B | $70.01B | $68.69B | $66.31B | $65.71B | $62.64B | $63.63B | $61.89B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $3.0M | $2.9M |
| Retained earnings (deficit) | $9.14B | $8.49B | $6.97B | $6.53B | $6.98B | $6.40B | $5.79B | $5.42B | $5.51B | $5.13B | $4.82B | $4.32B |
| Accumulated other comprehensive income | −$979.7M | −$961.3M | −$905.1M | −$901.4M | −$844.2M | −$1.20B | −$1.40B | −$989.1M | −$1.28B | −$1.26B | −$1.14B | −$1.40B |
| Minority interest | $188.1M | $187.4M | $187.6M | $239.1M | $229.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.05B | $3.40B | $1.91B | $1.51B | $1.98B | $1.01B | $226.6M | $645.9M | $925.2M | $1.08B | $911.7M | $522.0M |
| Key figures | ||||||||||||
| Total debt | $11.72B | $12.39B | $7.92B | $10.75B | $8.24B | $7.86B | $8.15B | $6.65B | $4.73B | $5.25B | $4.78B | $6.82B |
| Net cash (debt) | −$8.91B | −$10.15B | −$6.11B | −$6.35B | −$5.97B | −$5.75B | −$4.82B | −$3.42B | −$1.32B | −$3.03B | −$1.81B | −$4.13B |
| Working capital | −$3.86B | −$2.99B | −$4.98B | −$5.58B | −$5.14B | −$6.79B | −$4.52B | −$6.56B | −$5.67B | −$5.60B | −$5.91B | −$6.03B |
| Tangible book value | −$19.40B | −$19.11B | −$15.50B | −$15.94B | −$16.27B | −$16.94B | −$12.63B | −$12.67B | −$12.70B | −$12.71B | −$13.13B | −$13.48B |
| Book value per share | $15.73 | $17.39 | $9.77 | $7.78 | $10.14 | $5.19 | $1.16 | $3.23 | $4.62 | $5.38 | $4.52 | $2.57 |
| Shares outstanding | 193.9M | 195.4M | 195.3M | 193.9M | 195.2M | 195.1M | 195.2M | 200.3M | 200.0M | 201.2M | 201.8M | 203.4M |
| Current ratio | 0.93 | 0.95 | 0.92 | 0.90 | 0.90 | 0.87 | 0.92 | 0.88 | 0.89 | 0.89 | 0.88 | 0.88 |
| Quick ratio | 0.48 | 0.48 | 0.47 | 0.51 | 0.50 | 0.48 | 0.51 | 0.50 | 0.52 | 0.50 | 0.48 | 0.48 |
| Debt / equity | 3.84 | 3.65 | 4.15 | 7.13 | 4.16 | 7.76 | 35.96 | 10.30 | 5.11 | 4.85 | 5.24 | 13.06 |
| Equity / assets | 3.6% | 4.2% | 2.4% | 2.0% | 2.7% | 1.4% | 0.3% | 1.0% | 1.4% | 1.7% | 1.4% | 0.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 25, 2025); data from EODHD.
COR financial position
At the end of fiscal 2025 (September 30, 2025), Cencora had total assets of $76.6 billion (up 14.1% from a year earlier), total liabilities of $74.8 billion and shareholders' equity of $1.5 billion. It held $4.4 billion in cash and short-term investments against $10.7 billion of debt, net debt of $6.4 billion. Its current ratio was 0.90. In the latest quarter (ended June 30, 2026) total assets were $83.8 billion and equity $3.1 billion.
Related: COR income statement, COR cash flow statement, COR key metrics. See the COR stock overview for the latest quote and news.
COR balance sheet FAQ
What are Cencora's total assets?
Cencora reported total assets of $76.6 billion at the end of fiscal 2025 (September 30, 2025), compared with $67.1 billion a year earlier.
How much debt does Cencora have?
Cencora had $10.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 7.13.
How much cash does Cencora have?
Cencora held $4.4 billion in cash and short-term investments at the end of fiscal 2025; with $10.7 billion of debt that is net debt of $6.4 billion.
What is Cencora's book value?
Cencora's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $7.72 per share.
What is Cencora's current ratio?
Cencora had current assets of $52.2 billion and current liabilities of $57.8 billion, a current ratio of 0.90 (current liabilities exceed current assets).
How much goodwill does Cencora have?
Cencora carried $17.5 billion of goodwill and intangible assets, 22.8% of total assets, at the end of fiscal 2025.