Lantheus Holdings Inc (LNTH)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 | 0.00 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | 0.20 | 0.23 | 0.23 | 0.24 | 0.45 | 0.45 | 0.46 | 0.48 | 0.59 |
| 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 |
| 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 |
| Financial leverage ratio | 2.02 | 2.18 | 2.42 | 3.03 | 2.95 | 1.72 | 1.79 | 1.81 | 1.86 | 1.70 | 1.69 | 1.60 | 1.69 | 1.71 | 1.71 | 3.41 | 3.54 | 3.98 | 4.23 | 5.33 |
Lantheus Holdings Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations and the extent to which it relies on debt financing.
1. Debt-to-assets ratio: This ratio measures the proportion of total assets financed by debt. The trend shows a fluctuation, with a decrease from Q1 2023 to Q2 2023, followed by an increase up to Q4 2023. Overall, the company maintains a moderate level of debt relative to its assets.
2. Debt-to-capital ratio: This ratio reflects the proportion of a company's capital structure that is financed by debt. Lantheus Holdings Inc shows an increasing trend in this ratio over the mentioned quarters, indicating a higher reliance on debt to fund its operations.
3. Debt-to-equity ratio: The debt-to-equity ratio provides insight into the extent to which a company's operations are funded by debt versus equity. Lantheus Holdings Inc's ratio demonstrates a significant increase from Q1 2022 to Q1 2023, indicating a higher level of financial risk with a greater reliance on debt.
4. Financial leverage ratio: This ratio measures the extent to which a company is using debt to finance its assets. Lantheus Holdings Inc's financial leverage ratio shows fluctuations over time, with a notable increase from Q3 2022 to Q1 2023. This indicates a higher level of financial leverage and potential risk in the company's capital structure.
Overall, Lantheus Holdings Inc's solvency ratios suggest a varying degree of reliance on debt financing, with a moderate level of debt in relation to assets, but a significant increase in debt levels compared to equity and capital over the quarters analyzed. Investors and stakeholders should closely monitor these trends to assess the company's long-term financial stability and risk management strategies.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 21.53 | 6.48 | 2.37 | -2.96 | 4.72 | 27.41 | 10.73 | -3.81 | -8.68 | -3.08 | -1.38 | 0.74 | -0.21 | 0.29 | 1.79 | 2.95 | 3.10 | 3.70 | 3.80 | 4.06 |
The interest coverage ratio is a measurement of a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.
In the case of Lantheus Holdings Inc, the interest coverage ratio fluctuates significantly over the quarters, ranging from -7.07 to 957.07. The variations in the interest coverage ratio indicate fluctuations in the company's ability to cover its interest expenses.
For Q4 2023, the interest coverage ratio of 957.07 indicates a very high ability to cover interest expenses, likely due to higher earnings relative to interest expenses. This suggests a strong financial position in that quarter.
In contrast, in Q1 2023, the negative interest coverage ratio of -7.07 indicates that the company's earnings were insufficient to cover its interest expenses during that period. This may raise concerns about the company's financial health and ability to service its debt obligations.
Overall, the fluctuating nature of Lantheus Holdings Inc's interest coverage ratio suggests varying levels of financial performance and risk. It is important for stakeholders to monitor these fluctuations to assess the company's ability to meet its debt obligations.