Cardinal Health Said We Had $5.45B Accrued At September 30, 2023 Related To Certain Opioid Litigation Settlements
Portfolio Pulse from Charles Gross
Cardinal Health has reported an accrual of $5.45 billion as of September 30, 2023, related to certain opioid litigation settlements.
November 03, 2023 | 12:54 pm
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NEGATIVE IMPACT
Cardinal Health's $5.45 billion accrual for opioid litigation settlements could potentially impact the company's financial health.
The large accrual for opioid litigation settlements indicates significant legal challenges for Cardinal Health. This could potentially lead to financial strain and negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100