Labcorp Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Labcorp Holdings has a total shareholder equity of $8.1B and total debt of $6.4B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are $18.4B and $10.3B respectively. Labcorp Holdings's EBIT is $1.1B making its interest coverage ratio 6.1. It has cash and short-term investments of $1.5B.
Key information
79.4%
Debt to equity ratio
US$6.41b
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$1.52b |
| Equity | US$8.07b |
| Total liabilities | US$10.31b |
| Total assets | US$18.38b |
Recent financial health updates
Recent updates
We Think Labcorp Holdings' (NYSE:LH) Robust Earnings Are Conservative
Feb 14
Labcorp Holdings: Focus On Core Strengths For Future Growth, Initiate At 'Hold'
Feb 13Labcorp Holdings (NYSE:LH) Has Announced A Dividend Of $0.72
Feb 10Labcorp Holdings (NYSE:LH) Has Affirmed Its Dividend Of $0.72
Jan 26Labcorp Holdings (NYSE:LH) Will Pay A Dividend Of $0.72
Jan 12What Does Labcorp Holdings Inc.'s (NYSE:LH) Share Price Indicate?
Dec 28Labcorp Holdings Inc.'s (NYSE:LH) Price In Tune With Earnings
Nov 12Is Labcorp Holdings (NYSE:LH) Using Too Much Debt?
Oct 19When Should You Buy Labcorp Holdings Inc. (NYSE:LH)?
Sep 12Laboratory Corporation: Difficult To Eye Long-Term Compounding Ability
Sep 11Investors Still Waiting For A Pull Back In Labcorp Holdings Inc. (NYSE:LH)
Jul 20Laboratory Corporation: Limited Upside Visibility, Reiterate Hold
Jun 21When Should You Buy Labcorp Holdings Inc. (NYSE:LH)?
Jun 13Here's Why It's Unlikely That Laboratory Corporation of America Holdings' (NYSE:LH) CEO Will See A Pay Rise This Year
May 08Laboratory Corporation of America Holdings (NYSE:LH) Is Paying Out A Dividend Of $0.72
Apr 30Laboratory Corporation of America Holdings (NYSE:LH) Is Due To Pay A Dividend Of $0.72
Apr 15Laboratory Corporation: A Healthier Diagnosis, As Pandemic Headwinds Disappear
Apr 01Laboratory Corporation: Multiple Updates, Same Investment Conclusion
Dec 02Financial Position Analysis
Short Term Liabilities: LH's short term assets ($4.8B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: LH's short term assets ($4.8B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: LH's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: LH's debt to equity ratio has reduced from 81.8% to 79.4% over the past 5 years.
Debt Coverage: LH's debt is well covered by operating cash flow (24.7%).
Interest Coverage: LH's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/14 06:33 |
| End of Day Share Price | 2025/04/11 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Labcorp Holdings Inc. is covered by 50 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jasper Hellweg | Argus Research Company |
| Brian Kemp Dolliver | Avondale Partners |
| Eric Coldwell | Baird |