Lantheus Holdings Inc (LNTH)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	557,712	163,121	197,699	183,927
Total stockholders’ equity	US$ in thousands	815,892	447,147	464,439	514,205	114,601
Debt-to-capital ratio		0.00	0.56	0.26	0.28	0.62

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $815,892K)
= 0.00

Lantheus Holdings Inc's debt-to-capital ratio has displayed fluctuations over the past five years. The ratio decreased from 0.63 in 2019 to 0.30 in 2020, indicating a reduction in debt relative to total capital. However, in 2021, there was a substantial decline to 0.27, suggesting even lower reliance on debt financing. The trend reversed in 2022 as the ratio increased to 0.56, indicating a higher proportion of debt in the capital structure. By the end of 2023, the debt-to-capital ratio stood at 0.41, implying a moderate level of debt compared to total capital. Overall, the company has shown variability in its debt-to-capital ratio, with a mix of periods of higher and lower reliance on debt financing.