Labcorp Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Labcorp Holdings has a total shareholder equity of $8.2B and total debt of $6.8B, which brings its debt-to-equity ratio to 83.2%. Its total assets and total liabilities are $18.6B and $10.4B respectively. Labcorp Holdings's EBIT is $1.1B making its interest coverage ratio 6.2. It has cash and short-term investments of $1.5B.
Key information
83.2%
Debt to equity ratio
US$6.81b
Debt
| Interest coverage ratio | 6.2x |
| Cash | US$1.52b |
| Equity | US$8.19b |
| Total liabilities | US$10.43b |
| Total assets | US$18.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JSY's short term assets ($4.9B) exceed its short term liabilities ($3.4B).
Long Term Liabilities: 0JSY's short term assets ($4.9B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: 0JSY's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: 0JSY's debt to equity ratio has reduced from 91.1% to 83.2% over the past 5 years.
Debt Coverage: 0JSY's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 0JSY's interest payments on its debt are well covered by EBIT (6.2x coverage).