Labcorp Holdings Letters of Credit Outstanding, Amount increased by 4.0% to $107.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $102.80M to $107.40M. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase suggests higher reliance on external credit facilities to support operational or contractual obligations.
This represents the total face value of letters of credit issued by the company to guarantee performance or payment to t...
Common in capital-intensive industries; reflects the company's ability to secure credit and manage counterparty risk.
other_letters_of_credit_outstanding_amount| Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $76.40M | $79.80M | $84.50M | $84.70M | $85.40M | $90.70M | $90.70M | $91.90M | $102.80M | $103.30M | $103.30M | $107.40M |
| QoQ Change | — | +4.5% | +5.9% | +0.2% | +0.8% | +6.2% | +0.0% | +1.3% | +11.9% | +0.5% | +0.0% | +4.0% |
| YoY Change | — | — | — | +10.9% | +7.0% | +7.3% | +7.1% | +7.6% | +13.3% | +13.9% | +12.4% | +4.5% |