Laboratory Corporation of America Holdings (LH)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,806,500 | 4,909,900 | 3,571,300 | 3,456,500 | 3,765,400 | 3,954,200 | 5,120,900 | 4,695,000 | 4,625,000 | 4,371,800 | 5,030,800 | 5,229,500 | 5,330,500 | 6,020,500 | 5,693,500 | 5,638,100 | 5,125,400 | 4,085,600 | 3,413,200 | 2,891,100 |
| Total current liabilities | US$ in thousands | 3,330,200 | 3,412,000 | 4,064,700 | 3,941,500 | 3,225,200 | 2,900,800 | 2,183,300 | 2,885,600 | 3,078,500 | 2,522,300 | 2,642,900 | 2,641,500 | 2,782,900 | 2,888,400 | 2,667,100 | 3,368,700 | 3,078,500 | 3,009,900 | 3,034,400 | 2,458,000 |
| Current ratio | 1.44 | 1.44 | 0.88 | 0.88 | 1.17 | 1.36 | 2.35 | 1.63 | 1.50 | 1.73 | 1.90 | 1.98 | 1.92 | 2.08 | 2.13 | 1.67 | 1.66 | 1.36 | 1.12 | 1.18 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,806,500K ÷ $3,330,200K
= 1.44
The current ratio of Laboratory Corporation of America Holdings has fluctuated over the past few years. The ratio started at 1.18 as of March 31, 2020, indicating that the company had $1.18 in current assets for every $1 in current liabilities. The ratio slightly decreased to 1.12 by June 30, 2020, but then steadily increased to reach a peak of 2.35 by June 30, 2023.
However, there was a significant drop in the current ratio to 0.88 by March 31, 2024, and this level remained constant for the subsequent quarter ending June 30, 2024. This implies that the company may be facing challenges in meeting its short-term obligations with its current assets during this period.
Overall, the current ratio trend for Laboratory Corporation of America Holdings shows fluctuations, which may indicate changes in the company's liquidity position and ability to cover its short-term liabilities. It is important for stakeholders to monitor these ratios closely to assess the company's financial health and liquidity management.
Peer comparison
Dec 31, 2024