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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 third quarter 2023, Quick Ratio fell to 0.25 below Laboratory Corporation Of America Holdings average.

Within Medical Laboratories industry 23 other companies have achieved higher Quick Ratio than Laboratory Of America Holdings in third quarter 2023. While Quick Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 1781 to 1989.

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


LH Quick Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities Change 15.01 % -17.39 % 9.24 % 10.62 % -12.67 %
Y / Y Cash & cash equivalent Change 77.58 % 80.63 % -68.07 % -70.8 % -79.87 %
Quick Ratio MRQ 0.25 0.88 0.14 0.14 0.16
LH's Total Ranking # 1989 # 1781 # 3596 # 1861 # 3750
Seq. Current Liabilities Change 32.86 % -24.34 % -6.27 % 22.05 % -4.56 %
Seq. Cash & cash equivalent Change -62.3 % 390.12 % -8.4 % 4.9 % -61.65 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Medical Laboratories Industry # 24
Healthcare Sector # 555
Overall Market # 1989


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 $ 2,901 Millions Visit LH's Balance sheet
Laboratory Of America Holdings's Cash & cash equivalent $ 728 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

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth 15.01 % -17.39 % 9.24 % 10.62 % -12.67 %
Y / Y Cash & cash equivalent TTM Growth 77.58 % 80.63 % -68.07 % -70.8 % -79.87 %
Quick Ratio TTM 0.32 0.3 0.21 0.29 0.4
Total Ranking TTM # 3750 # 3213 # 2985 # 3869 # 2570
Seq. Current Liabilities TTM Growth 32.86 % -24.34 % -6.27 % 22.05 % -4.56 %
Seq. Cash & cash equivalent TTM Growth -62.3 % 390.12 % -8.4 % 4.9 % -61.65 %


On the trailing twelve months basis LH Cash & cash equivalent soared by 77.58 % in III Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Laboratory Of America Holdings's Quick Ratio to 0.32, above LH average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Laboratories industry 41 other companies have achieved higher Quick Ratio than Laboratory Of America Holdings. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2023 from 3213 to 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 # 42
Healthcare Sector # 1004
Within the Market # 3750


trailing twelve months Quick Ratio Statistics
High Average Low
0.63 0.26 0.07
(Dec 31 2021)   (March 31, 2006)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Medical Laboratories Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Biodesix Inc   0.61 $ 19.841  Millions$ 32.649  Millions
Inotiv Inc   0.54 $ 35.492  Millions$ 66.290  Millions
Psychemedics Corp  0.32 $ 1.370  Millions$ 4.327  Millions
Medpace Holdings Inc   0.29 $ 95.207  Millions$ 329.763  Millions
Iqvia Holdings Inc   0.28 $ 1,332.000  Millions$ 4,751.000  Millions
Laboratory Corporation Of America Holdings  0.25 $ 727.900  Millions$ 2,900.800  Millions
Koninklijke Philips Nv  0.25 $ 2,339.680  Millions$ 9,517.760  Millions
Fortrea Holdings Inc   0.22 $ 107.500  Millions$ 490.200  Millions
Charles River Laboratories International inc   0.21 $ 157.174  Millions$ 743.331  Millions
Malachite Innovations Inc   0.19 $ 1.026  Millions$ 5.336  Millions
Luna Innovations Inc  0.17 $ 6.028  Millions$ 35.010  Millions
Icon Plc  0.13 $ 380.056  Millions$ 2,825.608  Millions
Quest Diagnostics Inc  0.10 $ 143.000  Millions$ 1,461.000  Millions
National Research Corporation  0.09 $ 3.828  Millions$ 40.805  Millions
Aclarion Inc   0.07 $ 0.161  Millions$ 2.160  Millions

Date modified: 2023-10-30T20:20:23+00:00



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