McKesson Corporation (MCK) Balance Sheet
MCK balance sheet, FY2026
March 31, 2026 · U.S. dollars$82.32B assets = $83.16B liabilities + −$834.0M equity
Liabilities exceed assets: shareholders’ equity is negative (−$834.0M).
Both columns are drawn to the same scale: what MCK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MCK financial health
Descriptive bands, not a rating. Fiscal FY2026.
MCK balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $60.97BFY2017 | $82.32BFY2026 | +3.4%/yr | |
| Total liabilities | $48.37BFY2017 | $83.16BFY2026 | +6.2%/yr | |
| Shareholders’ equity | $12.60BFY2017 | −$2.17BFY2026 | — | |
| Cash & short-term investments | $2.78BFY2017 | $3.98BFY2026 | +4.0%/yr | |
| Total debt | $8.54BFY2017 | $8.61BFY2026 | +0.1%/yr | |
| Net cash (debt) | −$5.76BFY2017 | −$4.64BFY2026 | +$1.1B | |
| Working capital | $1.34BFY2017 | −$9.81BFY2026 | −$11.1B | |
| Book value per share | $56.50FY2017 | −$17.50FY2026 | — | |
| Current ratio | 1.04FY2017 | 0.85FY2026 | −0.18 | |
| Debt / equity | 0.68FY2017 | 6.50FY2021 | +5.83 | |
| Shares outstanding | 223.0MFY2017 | 124.1MFY2026 | −6.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MCK assets
MCK liabilities and equity
MCK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MCK balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $3.98B | $5.69B | $4.58B | $4.68B | $3.53B | $6.28B | $4.01B | $2.98B | $2.67B | $2.78B |
| Cash & equivalents | $3.98B | $5.69B | $4.58B | $4.68B | $3.53B | $6.28B | $4.01B | $2.98B | $2.67B | $2.78B |
| Short-term investments | — | — | — | — | $31.0M | — | — | — | $0 | $0 |
| Receivables | $27.98B | $25.64B | $21.62B | $19.41B | $18.58B | $19.18B | $19.95B | $18.25B | $17.71B | $18.21B |
| Inventory | $24.21B | $23.00B | $21.14B | $19.69B | $18.70B | $19.25B | $16.73B | $16.71B | $16.31B | $15.28B |
| Other current assets | $1.04B | $1.06B | $626.0M | $513.0M | $5.41B | $677.0M | $1.52B | $529.0M | $443.0M | $672.0M |
| Total current assets | $57.21B | $55.40B | $47.97B | $44.29B | $46.23B | $45.38B | $42.22B | $38.47B | $37.14B | $36.95B |
| Property, plant & equipment (net) | $4.73B | $4.28B | $4.04B | $3.81B | $3.64B | $4.68B | $4.25B | $2.55B | $2.46B | $2.29B |
| Goodwill & intangible assets | $15.39B | $11.49B | $12.24B | $12.22B | $11.51B | $12.37B | $12.52B | $13.05B | $15.03B | $14.25B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.51B | $3.73B | $4.06B |
| Other non-current assets | $4.99B | $3.97B | $3.19B | $1.99B | $1.92B | $2.58B | $2.26B | $2.10B | $2.03B | $3.42B |
| Total assets | $82.32B | $75.14B | $67.44B | $62.32B | $63.30B | $65.02B | $61.25B | $59.67B | $60.38B | $60.97B |
| Liabilities | ||||||||||
| Accounts payable | $59.97B | $55.33B | $47.10B | $42.49B | $38.09B | $38.98B | $37.20B | $33.85B | $32.18B | $31.02B |
| Short-term debt | $1.55B | $1.45B | $345.0M | $1.27B | $1.10B | $1.13B | $1.41B | $330.0M | −$2.06B | −$1.69B |
| Deferred revenue | — | — | $1.0M | — | — | $3.99B | $3.34B | — | $63.0M | $346.0M |
| Total current liabilities | $67.02B | $61.60B | $52.36B | $47.96B | $48.47B | $44.10B | $42.62B | $37.63B | $36.69B | $35.61B |
| Long-term debt | $5.26B | $5.94B | $7.04B | $6.03B | $6.45B | $6.41B | $6.33B | $7.26B | $6.75B | $7.30B |
| Lease obligations | $2.09B | $1.74B | $1.76B | $1.70B | $1.66B | $2.26B | $2.01B | — | — | — |
| Other long-term liabilities | $10.88B | $9.29B | $9.64B | $9.82B | $10.18B | $13.06B | $5.58B | $5.10B | $5.43B | $5.45B |
| Total liabilities | $83.16B | $76.83B | $69.04B | $63.81B | $65.09B | $63.57B | $54.54B | $49.99B | $48.87B | $48.37B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.0M | $3.0M | $3.0M | $3.0M | $2.0M | $2.0M | $2.0M | $3.0M | $6.19B | $6.03B |
| Retained earnings (deficit) | $22.29B | $17.92B | $14.98B | $12.29B | $9.03B | $8.20B | $13.02B | $12.41B | $12.99B | $13.19B |
| Treasury stock | — | — | — | — | −$17.05B | −$13.67B | −$12.89B | −$8.90B | −$7.66B | −$5.98B |
| Accumulated other comprehensive income | −$1.45B | −$932.0M | −$881.0M | −$905.0M | −$1.53B | −$1.48B | −$1.70B | −$1.85B | −$1.72B | −$2.14B |
| Minority interest | $1.34B | $380.0M | $372.0M | $367.0M | $480.0M | $196.0M | $217.0M | $193.0M | $253.0M | $178.0M |
| Total shareholders' equity | −$2.17B | −$1.69B | −$1.60B | −$1.49B | −$1.79B | $1.45B | $6.71B | $9.68B | $11.52B | $12.60B |
| Key figures | ||||||||||
| Total debt | $8.61B | $7.39B | $7.39B | $7.29B | $7.54B | $9.40B | $9.40B | $7.59B | $7.88B | $8.54B |
| Net cash (debt) | −$4.64B | −$1.70B | −$2.81B | −$2.62B | −$4.01B | −$3.13B | −$5.39B | −$4.61B | −$5.21B | −$5.76B |
| Working capital | −$9.81B | −$6.21B | −$4.39B | −$3.67B | −$2.23B | $1.28B | −$402.0M | $839.0M | $451.0M | $1.34B |
| Tangible book value | −$17.57B | −$13.18B | −$13.84B | −$13.71B | −$13.30B | −$10.93B | −$5.80B | −$3.37B | −$3.51B | −$1.65B |
| Book value per share | −$17.50 | −$13.22 | −$11.92 | −$10.48 | −$11.63 | $9.00 | $36.87 | $49.06 | $55.10 | $56.50 |
| Shares outstanding | 124.1M | 128.1M | 134.1M | 142.2M | 154.1M | 160.6M | 182.0M | 197.3M | 209.0M | 223.0M |
| Current ratio | 0.85 | 0.90 | 0.92 | 0.92 | 0.95 | 1.03 | 0.99 | 1.02 | 1.01 | 1.04 |
| Quick ratio | 0.48 | 0.51 | 0.50 | 0.50 | 0.46 | 0.58 | 0.56 | 0.56 | 0.56 | 0.59 |
| Debt / equity | — | — | — | — | — | 6.50 | 1.40 | 0.78 | 0.68 | 0.68 |
| Equity / assets | −2.6% | −2.3% | −2.4% | −2.4% | −2.8% | 2.2% | 11.0% | 16.2% | 19.1% | 20.7% |
| 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 | $5.16B | $3.98B | $2.96B | $4.11B | $2.42B | $5.69B | $1.13B | $2.51B | $2.30B | $4.58B | $1.98B | $2.52B |
| Cash & equivalents | $5.16B | $3.98B | $2.96B | $4.11B | $2.42B | $5.69B | $1.13B | $2.51B | $2.30B | $4.58B | $1.98B | $2.52B |
| Receivables | $30.32B | $27.98B | $28.21B | $28.29B | $28.16B | $25.64B | $25.83B | $25.27B | $23.74B | $21.62B | $23.07B | $22.49B |
| Inventory | $26.26B | $24.21B | $27.07B | $26.13B | $25.07B | $23.00B | $23.84B | $24.18B | $25.57B | $21.14B | $22.02B | $21.95B |
| Other current assets | $1.10B | $1.04B | $1.46B | $1.36B | $1.16B | $1.06B | $942.0M | $1.39B | $636.0M | $626.0M | $572.0M | $568.0M |
| Total current assets | $62.84B | $57.21B | $59.70B | $59.89B | $56.80B | $55.40B | $51.74B | $53.34B | $52.25B | $47.97B | $47.64B | $47.53B |
| Property, plant & equipment (net) | $4.62B | $4.73B | $4.69B | $4.62B | $4.74B | $4.28B | $4.16B | $3.86B | $4.09B | $4.04B | $3.88B | $3.85B |
| Goodwill & intangible assets | $15.29B | $15.39B | $15.50B | $15.50B | $15.64B | $11.49B | $11.51B | $11.66B | $12.16B | $12.24B | $12.07B | $12.08B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.58B | $4.99B | $4.30B | $4.15B | $4.13B | $3.97B | $3.67B | $3.57B | $3.16B | $3.19B | $2.92B | $2.63B |
| Total assets | $88.33B | $82.32B | $84.19B | $84.16B | $81.31B | $75.14B | $71.08B | $72.43B | $71.67B | $67.44B | $66.51B | $66.09B |
| Liabilities | ||||||||||||
| Accounts payable | $63.73B | $59.97B | $60.68B | $60.94B | $57.86B | $55.33B | $49.69B | $53.32B | $51.70B | $47.10B | $46.70B | $46.80B |
| Short-term debt | $1.59B | $1.55B | $1.42B | $2.02B | $1.55B | $1.45B | $3.85B | $296.0M | $347.0M | $345.0M | $562.0M | $345.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | $1 | — | — | — |
| Total current liabilities | $70.36B | $67.02B | $68.13B | $68.03B | $64.33B | $61.60B | $58.56B | $58.77B | $56.43B | $52.36B | $51.66B | $51.15B |
| Long-term debt | $8.43B | $5.26B | $7.21B | $7.77B | $8.39B | $5.94B | $5.91B | $5.69B | $5.58B | $5.58B | $5.62B | $5.54B |
| Lease obligations | $1.97B | $2.09B | $2.07B | $2.03B | $2.16B | $1.74B | $1.75B | $1.48B | $1.76B | $1.76B | $1.72B | $1.73B |
| Other long-term liabilities | $10.84B | $10.88B | $8.95B | $8.94B | $9.46B | $9.29B | $9.31B | $10.61B | $11.03B | $11.11B | $10.91B | $10.87B |
| Total liabilities | $92.19B | $83.16B | $84.29B | $84.74B | $82.17B | $76.83B | $73.78B | $75.07B | $73.05B | $69.04B | $68.19B | $67.56B |
| 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 | $3.0M |
| Retained earnings (deficit) | $22.81B | $22.29B | $20.71B | $19.62B | $18.62B | $17.92B | $16.75B | $15.96B | $15.81B | $14.98B | $14.27B | $13.76B |
| Accumulated other comprehensive income | −$749.0M | −$1.45B | −$903.0M | −$908.0M | −$898.0M | −$932.0M | −$989.0M | −$890.0M | −$913.0M | −$881.0M | −$812.0M | −$887.0M |
| Minority interest | $2.94B | $1.34B | $1.20B | $1.16B | $1.10B | — | — | — | — | — | — | — |
| Total shareholders' equity | −$4.24B | −$2.17B | −$99.0M | −$578.0M | −$863.0M | −$1.69B | −$2.70B | −$2.64B | −$1.38B | −$1.60B | −$1.68B | −$1.46B |
| Key figures | ||||||||||||
| Total debt | $11.70B | $8.61B | $8.62B | $9.79B | $9.93B | $7.39B | $9.76B | $7.22B | $7.40B | $7.39B | $7.61B | $7.32B |
| Net cash (debt) | −$6.54B | −$4.64B | −$5.67B | −$5.68B | −$7.51B | −$1.70B | −$8.63B | −$4.71B | −$5.09B | −$2.81B | −$5.63B | −$4.79B |
| Working capital | −$7.52B | −$9.81B | −$8.43B | −$8.14B | −$7.53B | −$6.21B | −$6.82B | −$5.43B | −$4.18B | −$4.39B | −$4.02B | −$3.62B |
| Tangible book value | −$19.53B | −$17.57B | −$15.60B | −$16.08B | −$16.50B | −$13.18B | −$14.22B | −$14.30B | −$13.54B | −$13.84B | −$13.75B | −$13.54B |
| Book value per share | −$35.57 | −$17.70 | −$0.80 | −$4.65 | −$6.88 | −$13.46 | −$21.36 | −$20.43 | −$10.57 | −$12.15 | −$12.62 | −$10.86 |
| Shares outstanding | 119.2M | 122.7M | 123.7M | 124.4M | 125.5M | 125.9M | 126.6M | 129.3M | 130.7M | 131.6M | 133.3M | 134.8M |
| Current ratio | 0.89 | 0.85 | 0.88 | 0.88 | 0.88 | 0.90 | 0.88 | 0.91 | 0.93 | 0.92 | 0.92 | 0.93 |
| Quick ratio | 0.50 | 0.48 | 0.46 | 0.48 | 0.48 | 0.51 | 0.46 | 0.47 | 0.46 | 0.50 | 0.48 | 0.49 |
| Equity / assets | −4.8% | −2.6% | −0.1% | −0.7% | −1.1% | −2.3% | −3.8% | −3.6% | −1.9% | −2.4% | −2.5% | −2.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 8, 2026); data from EODHD.
MCK financial position
At the end of fiscal 2026 (March 31, 2026), McKesson had total assets of $82.3 billion (up 9.6% from a year earlier), total liabilities of $83.2 billion and shareholders' equity of -$2.2 billion. It held $4.0 billion in cash and short-term investments against $8.6 billion of debt, net debt of $4.6 billion. Its current ratio was 0.85. In the latest quarter (ended June 30, 2026) total assets were $88.3 billion and equity -$4.2 billion.
Related: MCK income statement, MCK cash flow statement, MCK key metrics. See the MCK stock overview for the latest quote and news.
MCK balance sheet FAQ
What are McKesson's total assets?
McKesson reported total assets of $82.3 billion at the end of fiscal 2026 (March 31, 2026), compared with $75.1 billion a year earlier.
How much debt does McKesson have?
McKesson had $8.6 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does McKesson have?
McKesson held $4.0 billion in cash and short-term investments at the end of fiscal 2026; with $8.6 billion of debt that is net debt of $4.6 billion.
What is McKesson's book value?
McKesson's shareholders' equity (book value) was -$2.2 billion at the end of fiscal 2026, or −$17.50 per share.
What is McKesson's current ratio?
McKesson had current assets of $57.2 billion and current liabilities of $67.0 billion, a current ratio of 0.85 (current liabilities exceed current assets).
How much goodwill does McKesson have?
McKesson carried $15.4 billion of goodwill and intangible assets, 18.7% of total assets, at the end of fiscal 2026.