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Laboratory Corporation of America Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Laboratory of America Holdings has a total shareholder equity of $10.4B and total debt of $5.4B, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are $20.2B and $9.8B respectively. Laboratory of America Holdings's EBIT is $1.8B making its interest coverage ratio 9.9. It has cash and short-term investments of $393.9M.
Key information
52.3%
Debt to equity ratio
US$5.42b
Debt
Interest coverage ratio | 9.9x |
Cash | US$393.90m |
Equity | US$10.36b |
Total liabilities | US$9.84b |
Total assets | US$20.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LH.WI's short term assets ($4.7B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: LH.WI's short term assets ($4.7B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: LH.WI's net debt to equity ratio (48.5%) is considered high.
Reducing Debt: LH.WI's debt to equity ratio has reduced from 95.8% to 52.3% over the past 5 years.
Debt Coverage: LH.WI's debt is well covered by operating cash flow (31.7%).
Interest Coverage: LH.WI's interest payments on its debt are well covered by EBIT (9.9x coverage).