Cardinal Health Inc

NYSE CAH

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Cardinal Health Inc Interest Coverage Ratio 2 year CAGR for the quarter ending March 31, 2024: 22.26%

Cardinal Health Inc Interest Coverage Ratio 2 year CAGR is 22.26% for the quarter ending March 31, 2024, a -9.18% change year over year. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Cardinal Health Inc Interest Coverage Ratio for the quarter ending March 31, 2023 was 20.43, a 67.66% change year over year.
  • Cardinal Health Inc Interest Coverage Ratio for the quarter ending March 31, 2022 was 12.18, a -7.54% change year over year.
  • Cardinal Health Inc Interest Coverage Ratio for the quarter ending March 31, 2021 was 13.18, a 37.99% change year over year.
  • Cardinal Health Inc Interest Coverage Ratio for the quarter ending March 31, 2020 was 9.55, a 36.17% change year over year.
NYSE: CAH

Cardinal Health Inc

CEO Mr. Jason M. Hollar
IPO Date Dec. 31, 1987
Location United States
Headquarters 7000 Cardinal Place, Dublin, OH, United States, 43017
Employees 47,040
Sector Healthcare
Industry Medical distribution
Description

Cardinal Health, Inc. operates as a 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 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. The company was incorporated in 1979 and is headquartered in Dublin, Ohio.

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StockViz Staff

September 20, 2024

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