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Laboratory Corporation Of America Holdings  (LH)
Other Ticker:  
 
    Sector  Healthcare    Industry Medical Laboratories
   Industry Medical Laboratories
   Sector  Healthcare

Laboratory Of America Holdings's Quick Ratio

LH's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Quick Ratio fell to 0.17 below Laboratory Corporation Of America Holdings average.

Within Medical Laboratories industry 16 other companies have achieved higher Quick Ratio than Laboratory Of America Holdings in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 1431, from total ranking in the third quarter 2023 at 1989.

Explain Quick Ratio?
How much Cash & cash equivalents LH´s has?
What are LH´s Current Liabilities?


LH Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 4.77 % 15.01 % -17.39 % 9.24 % 10.62 %
Y / Y Cash & cash equivalent Change 24.84 % 77.58 % 80.63 % -68.07 % -70.8 %
Quick Ratio MRQ 0.17 0.25 0.88 0.14 0.14
LH's Total Ranking # 1431 # 1989 # 1781 # 3596 # 1861
Seq. Current Liabilities Change 11.18 % 32.86 % -24.34 % -6.27 % 22.05 %
Seq. Cash & cash equivalent Change -26.25 % -62.3 % 390.12 % -8.4 % 4.9 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Laboratories Industry # 17
Healthcare Sector # 229
Overall Market # 1431


Quick Ratio Statistics
High Average Low
0.93 0.29 0.03
(Sep. 30, 2004)   (Sep. 30, 2007)




Financial Statements
Laboratory Of America Holdings's Current Liabilities $ 3,225 Millions Visit LH's Balance sheet
Laboratory Of America Holdings's Cash & cash equivalent $ 537 Millions Visit LH's Balance sheet
Source of LH's Sales Visit LH's Sales by Geography


Cumulative Laboratory Of America Holdings's Quick Ratio

LH's Quick Ratio for the trailling 12 Months

LH Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 4.77 % 15.01 % -17.39 % 9.24 % 10.62 %
Y / Y Cash & cash equivalent TTM Growth 24.84 % 77.58 % 80.63 % -68.07 % -70.8 %
Quick Ratio TTM 0.32 0.32 0.3 0.21 0.29
Total Ranking TTM # 1556 # 3750 # 3213 # 2985 # 3869
Seq. Current Liabilities TTM Growth 11.18 % 32.86 % -24.34 % -6.27 % 22.05 %
Seq. Cash & cash equivalent TTM Growth -26.25 % -62.3 % 390.12 % -8.4 % 4.9 %


On the trailing twelve months basis In Spite of the increase in Current Liabilities in the IV Quarter 2023 to $3,225.20 millions, cumulative Quick Ratio remained unchanged at 0.32 above the LH average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Laboratories industry 17 other companies have achieved higher Quick Ratio than Laboratory Of America Holdings. While Quick Ratio overall ranking has improved so far to 1556, from total ranking during the twelve months ending third quarter 2023 at 3750.

Explain Quick Ratio?
How much Cash & cash equivalents LH´s has?
What are LH´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Medical Laboratories Industry # 18
Healthcare Sector # 271
Within the Market # 1556


trailing twelve months Quick Ratio Statistics
High Average Low
0.63 0.27 0.07
(Dec 31 2021)   (March 31, 2006)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Medical Laboratories Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Quest Diagnostics Inc  0.41 $ 686.000  Millions$ 1,662.000  Millions
Inotiv Inc   0.35 $ 22.001  Millions$ 62.563  Millions
Charles River Laboratories International inc   0.34 $ 276.771  Millions$ 813.262  Millions
Iqvia Holdings Inc   0.32 $ 1,496.000  Millions$ 4,692.000  Millions
Koninklijke Philips Nv  0.25 $ 2,339.680  Millions$ 9,517.760  Millions
Fortrea Holdings Inc   0.21 $ 108.600  Millions$ 515.000  Millions
National Research Corporation  0.18 $ 6.653  Millions$ 36.203  Millions
Laboratory Corporation Of America Holdings  0.17 $ 536.800  Millions$ 3,225.200  Millions
Icon Plc  0.13 $ 380.056  Millions$ 2,825.608  Millions

Date modified: 2024-02-27T11:55:15+00:00



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