Cardinal Health

Key Performance Metrics

  • The review of Net Profit Margin witnessed a The Net Profit Margin declined from 0.94% in 2019 to 0.13 in 2023.
  • The average EBITDA Margin for the period under analysis was 0.38%, with 2020 and 2019 performing the worst and best,
  • In the current year, Cardinal Health was able to cover its interest liabilities 7.86 times in the current year- compared to 2019 when it was 6.96 times.
  • The Asset turnover stood at 4.72 times in 2023 from 3.55 in 2019, implying a high performance on Assets of the business in relation to revenue.


  • The revenue of Cardinal Health has increased year on year. The revenue increased by 1% between 2019 and 2020 and a further 6.2% increase was recorded between 2020 and 2021. There also occurred an increase of 13% between 2022 and 2023 (the current period).
  • Cardinal Health’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.


  • The company’s result in liquidity looks strong, as current ratio/acid test increased from 1.07:1/0.54:1 to 1:1/0.53:1 on the last year. Which implies that the company still does not have enough assets to settle its current liabilities.

Capital Structure

  • Cardinal Health is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been increasing year on year. The gearing position of the company appears to be low as it stood at -16.23 in the current year.


Source: Cardinal Health Annual Report

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