Laboratory Corporation of America Holdings (LH)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,331,200 | 5,352,100 | 3,047,300 | 3,047,600 | 4,054,700 | 4,427,600 | 5,042,400 | 5,052,300 | 5,038,800 | 5,334,300 | 5,360,300 | 5,383,300 | 5,416,500 | 5,417,200 | 5,422,600 | 4,920,900 | 5,419,000 | 5,417,300 | 5,416,600 | 5,790,200 |
| Total stockholders’ equity | US$ in thousands | 8,052,200 | 8,170,200 | 8,005,800 | 7,959,600 | 7,875,000 | 7,873,100 | 8,785,000 | 8,785,000 | 10,096,600 | 10,092,200 | 10,400,700 | 10,721,100 | 10,273,400 | 10,601,400 | 10,322,000 | 10,098,400 | 9,436,600 | 8,239,100 | 7,352,700 | 7,020,100 |
| Debt-to-equity ratio | 0.66 | 0.66 | 0.38 | 0.38 | 0.51 | 0.56 | 0.57 | 0.58 | 0.50 | 0.53 | 0.52 | 0.50 | 0.53 | 0.51 | 0.53 | 0.49 | 0.57 | 0.66 | 0.74 | 0.82 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,331,200K ÷ $8,052,200K
= 0.66
The debt-to-equity ratio of Laboratory Corporation of America Holdings has shown a downward trend from 0.82 as of March 31, 2020, to 0.66 as of December 31, 2024, indicating a decreasing reliance on debt financing in relation to equity over the analyzed period.
The ratio decreased steadily from March 31, 2020, to March 31, 2024, reflecting a consistent effort to lower debt levels in proportion to equity. However, there was a slight increase in the ratio in September 30, 2024, which indicates a temporary uptick in debt relative to the equity position at that point in time.
Overall, the decreasing trend in the debt-to-equity ratio suggests that Laboratory Corporation of America Holdings has been managing its debt levels effectively and may be reducing financial risk by relying more on equity financing compared to debt.
Peer comparison
Dec 31, 2024