Lantheus Holdings Inc (LNTH)

Debt-to-equity 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-equity ratio		0.00	1.25	0.35	0.38	1.60

December 31, 2023 calculation

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

The debt-to-equity ratio of Lantheus Holdings Inc has fluctuated over the past five years, indicating varying levels of leverage and financial risk. In 2023, the debt-to-equity ratio improved to 0.69, suggesting a lower reliance on debt financing compared to the previous year. This decrease may signal a more conservative approach towards borrowing and a stronger financial position.

In 2022, the ratio was relatively high at 1.25, indicating a higher level of debt compared to equity. This could imply increased financial risk and potential concerns about the company's ability to meet its debt obligations.

The ratio significantly dropped in 2021 to 0.38, reflecting a lower proportion of debt to equity. This decline may indicate improved financial stability and a healthier balance sheet structure.

Similarly, in 2020, the ratio was at 0.42, which remained relatively stable compared to the previous year. A lower ratio suggests a better ability to cover obligations with equity rather than debt.

In 2019, the debt-to-equity ratio spiked to 1.69, indicating a significant increase in debt relative to equity. This high ratio suggests higher financial leverage and potential financial risks for the company.

Overall, the trend in Lantheus Holdings Inc's debt-to-equity ratio reflects fluctuations in the company's capital structure and financial risk profile, with lower ratios generally indicating a more conservative financial approach.