Lantheus Holdings Inc (LNTH)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	557,712	—	—	—	163,121	—	—	171,474	197,699	204,669	210,010	181,488	183,927	186,373	188,706	263,293
Total stockholders’ equity	US$ in thousands	815,892	698,759	552,645	445,516	447,147	638,050	567,332	515,850	464,439	499,344	508,140	528,119	514,205	513,579	515,583	118,398	114,601	101,166	92,247	83,213
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.56	0.00	0.00	0.00	0.26	0.00	0.00	0.25	0.28	0.28	0.29	0.61	0.62	0.65	0.67	0.76

December 31, 2023 calculation

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

The debt-to-capital ratio of Lantheus Holdings Inc has shown a fluctuating trend over the past eight quarters. In Q1 2022, the ratio stood at 0.25, gradually increasing to 0.56 by Q4 2022. However, in Q1 2023, there was a slight decrease to 0.50, followed by a further decline to 0.41 in Q4 2023.

This ratio indicates the proportion of a company's capital that is financed through debt. A higher ratio suggests that the company relies more on debt to finance its operations and investments, which can increase financial risk. Conversely, a lower ratio may indicate a more conservative capital structure.

Lantheus Holdings Inc's debt-to-capital ratio has ranged from 0.21 to 0.56 over the past two years, indicating a significant fluctuation in its capital structure and debt levels. It is crucial for investors and stakeholders to monitor this ratio closely to assess the company's financial leverage and risk management practices.