Lantheus Holdings Inc (LNTH)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	1.25	0.00	0.00	0.00	0.35	0.00	0.00	0.32	0.38	0.40	0.41	1.53	1.60	1.84	2.05	3.16

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 shown fluctuations over the past eight quarters. From Q1 2022 to Q1 2023, the ratio increased steadily from 0.33 to 1.25, indicating a significant rise in debt relative to equity during this period. However, in Q2 2023, there was a slight decrease in the ratio to 1.01, followed by a further decrease to 0.80 in Q3 2023, suggesting a slight improvement in the company's leverage position.

The most recent data for Q4 2023 shows a further reduction in the debt-to-equity ratio to 0.69. This indicates a favorable trend, as it suggests that the company has been able to reduce its reliance on debt and strengthen its equity position compared to the previous quarters. It is worth noting that the ratio in Q4 2023 is significantly lower than the peak ratio of 1.25 observed in both Q1 2023 and Q4 2022.

Overall, the fluctuating trend in Lantheus Holdings Inc's debt-to-equity ratio reflects changes in the company's capital structure and financial leverage over the past year. The recent decline in the ratio suggests a potential improvement in the company's financial health and reduced financial risk, but continued monitoring of this metric is advisable to assess the company's long-term debt management strategy.