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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 Working Capital Ratio

LH's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Working Capital Ratio fell to 1.17 below Laboratory Corporation Of America Holdings average.

Within Medical Laboratories industry 10 other companies have achieved higher Working Capital Ratio than Laboratory Of America Holdings in forth quarter 2023. While Working Capital Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 331 to 1068.

Explain Working Capital Ratio
How much in Current Assets LH´s has?
What is the value of LH´s Current Liabilities?


LH Working Capital 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 Current Assets Change -18.59 % -9.98 % 1.34 % -10.56 % -13.24 %
Working Capital Ratio MRQ 1.17 1.37 2.35 1.63 1.5
LH's Total Ranking # 1068 # 331 # 1996 # 2233 # 1273
Seq. Current Liabilities Change 11.18 % 32.86 % -24.34 % -6.27 % 22.05 %
Seq. Current Assets Change -4.96 % -22.73 % 9.03 % 1.68 % 5.08 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Laboratories Industry # 11
Healthcare Sector # 167
Overall Market # 1068


Working Capital Ratio Statistics
High Average Low
3.02 1.46 0.79
(Sep. 30, 2004)   (Sep. 30, 2008)




Financial Statements
Laboratory Of America Holdings's Current Liabilities $ 3,225 Millions Visit LH's Balance sheet
Laboratory Of America Holdings's Current Assets $ 3,765 Millions Visit LH's Balance sheet
Source of LH's Sales Visit LH's Sales by Geography


Cumulative Laboratory Of America Holdings's Working Capital Ratio

LH's Working Capital Ratio for the trailling 12 Months

LH Working Capital 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 Current Assets TTM Growth -18.59 % -9.98 % 1.34 % -10.56 % -13.24 %
Working Capital Ratio TTM 1.57 1.67 1.77 1.69 1.78
Total Ranking TTM # 1576 # 3901 # 1591 # 4148 # 2528
Seq. Current Liabilities TTM Growth 11.18 % 32.86 % -24.34 % -6.27 % 22.05 %
Seq. Current Assets TTM Growth -4.96 % -22.73 % 9.03 % 1.68 % 5.08 %


On the trailing twelve months basis Due to increase in Current Liabilities in the IV Quarter 2023 to $3,225.20 millions, cumulative Working Capital Ratio decreased to 1.57 above the LH average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Laboratories industry 18 other companies have achieved higher Working Capital Ratio than Laboratory Of America Holdings. While Working Capital Ratio overall ranking has improved so far to 1576, from total ranking during the twelve months ending third quarter 2023 at 3901.

Explain Working Capital Ratio
How much in Current Assets LH´s has?
What is the value of LH´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Medical Laboratories Industry # 19
Healthcare Sector # 364
Within the Market # 1576


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.05 1.39 0.84
(Sep. 30, 2014)   (June 30. 2006)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Medical Laboratories Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Inotiv Inc   3.05 $ 190.688  Millions$ 62.563  Millions
Sera Prognostics Inc   2.51 $ 61.344  Millions$ 24.443  Millions
Exact Sciences Corporation  2.46 $ 1,194.369  Millions$ 485.322  Millions
Fortrea Holdings Inc   2.43 $ 1,253.100  Millions$ 515.000  Millions
Charles River Laboratories International inc   1.98 $ 1,608.662  Millions$ 813.262  Millions
Medpace Holdings Inc   1.63 $ 593.828  Millions$ 365.271  Millions
Quest Diagnostics Inc  1.43 $ 2,372.000  Millions$ 1,662.000  Millions
Ispecimen inc   1.37 $ 8.266  Millions$ 6.049  Millions
Icon Plc  1.21 $ 3,411.470  Millions$ 2,825.608  Millions
Iqvia Holdings Inc   1.19 $ 5,596.000  Millions$ 4,692.000  Millions
Koninklijke Philips Nv  1.17 $ 11,132.800  Millions$ 9,517.760  Millions
Laboratory Corporation Of America Holdings  1.17 $ 3,765.400  Millions$ 3,225.200  Millions
Ge Healthcare Technologies Inc   1.05 $ 9,410.000  Millions$ 8,981.000  Millions
National Research Corporation  0.67 $ 24.360  Millions$ 36.203  Millions

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



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