Labcorp Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Labcorp Holdings has a total shareholder equity of $8.0B and total debt of $5.2B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are $16.5B and $8.6B respectively. Labcorp Holdings's EBIT is $1.1B making its interest coverage ratio 6.6. It has cash and short-term investments of $99.3M.
Key information
64.8%
Debt to equity ratio
US$5.17b
Debt
Interest coverage ratio | 6.6x |
Cash | US$99.30m |
Equity | US$7.97b |
Total liabilities | US$8.56b |
Total assets | US$16.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JSY's short term assets ($3.5B) do not cover its short term liabilities ($3.9B).
Long Term Liabilities: 0JSY's short term assets ($3.5B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: 0JSY's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: 0JSY's debt to equity ratio has reduced from 84.1% to 64.8% over the past 5 years.
Debt Coverage: 0JSY's debt is well covered by operating cash flow (24.7%).
Interest Coverage: 0JSY's interest payments on its debt are well covered by EBIT (6.6x coverage).