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Labcorp Holdings LH Debt-to-assets

Debt-to-assets at other companies

Quest Diagnostics logo
Quest DiagnosticsDGX
0.4×0.0×
Natera, Inc. logo
Natera, Inc.NTRA
0.1×0.0×
Agilent Technologies logo
Agilent TechnologiesA
0.3×0.0×
Guardant Health logo
Guardant HealthGH
0.9×-0.1×
Danaher logo
DanaherDHR
0.2×0.0×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×

Other financials

Income statement

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Revenue$3.5B+5.8%
Gross profit$1.0B+6.9%
Operating income$380.8M+16.8%
Net income$277.8M+30.6%
EPS (diluted)$3.35+32.9%

Balance sheet

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Cash & equivalents$981.1M+166%
Total debt$7.2B+11.1%
Total equity$8.7B+5.1%
Total assets$19.1B+8.4%

Cash flow

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Operating cash flow$191.5M+935%
CapEx$121.0M-4.0%
Free cash flow$70.5M+166%

Valuation

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Market cap$21.28B+12.9%
Enterprise value$27.54B+10.2%
P/E22.6×-3.2×
P/S1.5×+0.1×

Profitability

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Gross margin28.8%+0.9pp
Operating margin10.2%+1.9pp
Net margin6.7%+1.1pp

Returns & leverage

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Return on equity11.1%+2.1pp
Debt / equity0.8×0.0×
Current ratio1.7×-0.1×

Where this comes from

Calculated from Labcorp Holdings’s reported figures.

Based on the most recent quarter.

The official record: Labcorp Holdings’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Labcorp Holdings's debt-to-assets?
Labcorp Holdings (LH) reported debt-to-assets of 0.4× in Q1 2026.
How has Labcorp Holdings's debt-to-assets changed year-over-year?
Labcorp Holdings's debt-to-assets increased by 2.4% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for Labcorp Holdings's debt-to-assets?
Over 4 years (2021 to 2025), Labcorp Holdings's debt-to-assets has grown at a 3.5% compound annual growth rate (CAGR), from 1.2× to 1.4×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.