Lantheus Holdings Inc (LNTH)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.82 | 1.74 | 1.89 | 1.94 | 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 |
Lantheus Holdings Inc has displayed a consistent and strong financial position in terms of solvency ratios over the analyzed periods. The Debt-to-assets ratio has consistently remained at 0.00, indicating that the company has no debt in relation to its total assets, which signals a low-risk solvency position.
Similarly, the Debt-to-capital ratio has also consistently remained at 0.00, indicating that the company has not relied on debt for its capital structure. This reflects a strong capacity to fund operations through equity or internally generated funds, which is a positive indicator of financial health.
The Debt-to-equity ratio has also remained stable at 0.00 throughout the periods analyzed. This ratio signifies that the company's shareholders' equity is enough to cover its total debt obligations, further emphasizing the low financial risk associated with debt repayment.
The Financial leverage ratio, although showing some fluctuations, has generally stayed within a reasonable range over the analyzed periods. The ratio peaked at 3.41 in March 2020 but then decreased gradually over subsequent quarters, indicating a reduction in financial leverage. The uptick observed in December 2022 could be a point of concern, but overall, the company has managed its leverage effectively.
In conclusion, based on the solvency ratios analyzed, Lantheus Holdings Inc appears to maintain a strong and stable financial position with minimal reliance on debt, which bodes well for its long-term solvency and financial stability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 22.91 | 29.99 | 28.96 | 30.83 | 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 |
Lantheus Holdings Inc's interest coverage ratio has exhibited significant fluctuations over the reviewed periods. The ratio started positively at 2.95 in March 2020, indicating the company could cover its interest expenses 2.95 times with its operating income. However, the ratio deteriorated rapidly in subsequent quarters, reaching negative values by December 2020, signaling the inability to cover interest expenses with operating income.
The trend continued into 2021 and early 2022, with interest coverage ratios remaining negative or close to zero, indicating a precarious financial position regarding the ability to meet interest obligations. However, from June 2022 onwards, there was a notable turnaround in the company's interest coverage ratio, with a significant improvement to 10.73 by June 2022. Subsequently, the ratio continued to increase consistently, reaching 29.99 by September 2024.
Overall, the recent trend indicates a strong recovery in Lantheus Holdings Inc's ability to cover interest expenses with operating income, suggesting improved financial health and a more sustainable position in meeting interest obligations. However, it is essential to monitor future performance to ensure continued positive trends in the company's interest coverage ratio.