Labcorp Holdings Inc. (LH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 4.56B | 4.02B | 4.08B | 4.09B | 3.79B | 4.81B | 4.91B | 3.57B | 3.46B | 3.77B | 3.95B | 5.12B | 4.7B | 4.63B | 4.37B | 5.03B | 5.23B | 5.33B | 6.02B | 5.69B |
| Cash & Short-Term Investments | 981.1M | 532.3M | 598.1M | 647.3M | 369.4M | 1.52B | 1.52B | 265.1M | 99.3M | 536.8M | 727.9M | 1.93B | 393.9M | 320.6M | 409.9M | 1.07B | 1.23B | 1.47B | 2.04B | 1.96B |
| Cash Only | 981.1M | 532.3M | 598.1M | 647.3M | 369.4M | 1.52B | 1.52B | 265.1M | 99.3M | 536.8M | 727.9M | 1.93B | 393.9M | 320.6M | 409.9M | 1.07B | 1.23B | 1.47B | 2.04B | 1.96B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.29B | 2.26B | 2.27B | 2.28B | 2.27B | 2.1B | 2.22B | 2.25B | 2.2B | 2.1B | 2.06B | 2.04B | 3.05B | 2B | 2.98B | 3.04B | 3.04B | 2.98B | 3.06B | 2.85B |
| Days Sales Outstanding | 57.87 | 59.22 | 58.63 | 58.71 | 58.81 | 59.71 | 62.67 | 62.87 | 61.63 | 63.14 | 61.81 | 76.38 | 74.77 | 62.35 | 96.7 | 94.7 | 69.44 | 68.42 | 66.83 | 68.12 |
| Inventory | 497.7M | 534.7M | 521.5M | 508.1M | 488.3M | 493.2M | 483.1M | 441.8M | 475M | 474.6M | 461.1M | 487.8M | 481.4M | 470.6M | 467.7M | 436.3M | 440.7M | 401.4M | 410.7M | 421.3M |
| Days Inventory Outstanding | 17.87 | 18.72 | 18.66 | 18.27 | 18.43 | 18.46 | 17.89 | 18.18 | 18.96 | 19.46 | 19.79 | 20.12 | 19.58 | 15.96 | 21 | 20.15 | 14.21 | 13.93 | 14.3 | 14.99 |
| Other Current Assets | 791.4M | 692.8M | 694M | 655.1M | 657.5M | 697.6M | 684.7M | 618M | 678.1M | 655.3M | 700.2M | 659.9M | 769.8M | 1.84B | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 14.53B | 14.37B | 14.18B | 13.97B | 13.81B | 13.57B | 13.7B | 13.14B | 13.07B | 12.96B | 12.93B | 12.58B | 15.51B | 15.53B | 15.45B | 15.37B | 15.5B | 15.05B | 14.85B | 14.72B |
| Property, Plant & Equipment | 3.07B | 3.08B | 3.11B | 3.13B | 3.09B | 3.05B | 3.05B | 2.93B | 2.9B | 2.91B | 2.82B | 2.76B | 2.94B | 2.79B | 2.88B | 2.87B | 2.81B | 2.82B | 2.69B | 2.7B |
| Fixed Asset Turnover | 1.15x | 1.14x | 1.14x | 1.13x | 1.09x | 1.09x | 1.10x | 1.10x | 1.09x | 1.06x | 1.10x | 1.06x | 1.06x | 1.29x | 1.00x | 1.03x | 1.39x | 1.47x | 1.51x | 1.42x |
| Goodwill | 6.96B | 6.79B | 6.68B | 6.55B | 6.42B | 6.37B | 6.48B | 6.22B | 6.22B | 6.14B | 6.33B | 6.17B | 8.12B | 6.12B | 8.22B | 8.11B | 8.17B | 7.96B | 7.91B | 7.74B |
| Intangible Assets | 3.64B | 3.6B | 3.57B | 3.49B | 3.49B | 3.49B | 3.54B | 3.33B | 3.39B | 3.34B | 3.28B | 3.15B | 3.91B | 3.12B | 3.81B | 3.86B | 3.97B | 3.74B | 3.76B | 3.75B |
| Long-Term Investments | 146.6M | 153.9M | 168.2M | 160.4M | 168M | 16.3M | 16.9M | 17.5M | 17.7M | 26.9M | 39.5M | 67.2M | 65.8M | 65.7M | 63.7M | 57.7M | 62.2M | 60.9M | 62.1M | 82.1M |
| Other Non-Current Assets | 724.9M | 751.3M | 648.1M | 633M | 647M | 652.2M | 612.6M | 638.8M | 546M | 536.5M | 456.6M | 425.8M | 459.1M | 3.42B | 451M | 436.8M | 462.6M | 462.6M | 406M | 417.7M |
| Total Assets | 19.09B | 18.39B | 18.26B | 18.06B | 17.6B | 18.38B | 18.61B | 16.71B | 16.53B | 16.73B | 16.89B | 17.71B | 20.2B | 20.16B | 19.83B | 20.4B | 20.73B | 20.39B | 20.87B | 20.42B |
| Asset Turnover | 0.19x | 0.19x | 0.20x | 0.20x | 0.19x | 0.18x | 0.19x | 0.19x | 0.19x | 0.18x | 0.18x | 0.16x | 0.15x | 0.18x | 0.14x | 0.14x | 0.19x | 0.20x | 0.20x | 0.19x |
| Asset Growth % | 8.43% | 0.07% | -1.89% | 8.06% | 6.49% | 9.89% | 10.22% | -5.61% | -18.16% | -17.02% | -14.83% | -13.22% | -2.55% | -1.13% | -4.99% | -0.07% | 1.52% | 1.56% | 11.35% | 14.39% |
| Total Current Liabilities | 2.64B | 2.82B | 2.63B | 2.72B | 2.06B | 3.33B | 3.41B | 4.06B | 3.94B | 3.23B | 2.9B | 2.18B | 2.89B | 3.08B | 2.52B | 2.64B | 2.64B | 2.78B | 2.89B | 2.67B |
| Accounts Payable | 695.7M | 840.8M | 668.5M | 793M | 717.9M | 875.8M | 660.9M | 760.6M | 695.5M | 827.5M | 690.6M | 713.1M | 880.7M | 852.2M | 765.5M | 754.7M | 623.6M | 621.3M | 669.4M | 599.9M |
| Days Payables Outstanding | 26.6 | 26.75 | 26.48 | 27.71 | 29.92 | 29.05 | 27.5 | 28.87 | 30.4 | 31.57 | 29.28 | 33.09 | 35.65 | 27.52 | 35.31 | 31.67 | 21.01 | 22.14 | 21.81 | 21.57 |
| Short-Term Debt | 688.2M | 695.8M | 691.1M | 499.6M | 400K | 1B | 1.4B | 2.02B | 2.04B | 999.8M | 991M | 301.4M | 301.4M | 301.3M | 1.7M | 1.6M | 1.6M | 1.5M | 1.6M | 1.8M |
| Deferred Revenue (Current) | 405.2M | 439.1M | 391.6M | 398M | 388.3M | 392.2M | 403.1M | 388.3M | 377.5M | 421.7M | 360.8M | 349.7M | 586.7M | 310.6M | 530.9M | 544.2M | 556M | 558.5M | 593.9M | 546.7M |
| Other Current Liabilities | 851.9M | 847.8M | 878M | 0 | 0 | 495.4M | 0 | 0 | 0 | 431.4M | 0 | 0 | 0 | 1.1B | 0 | 0 | 0 | 735.5M | 0 | 0 |
| Current Ratio | 1.73x | 1.42x | 1.55x | 1.50x | 1.84x | 1.44x | 1.44x | 0.88x | 0.88x | 1.17x | 1.36x | 2.35x | 1.63x | 1.50x | 1.73x | 1.90x | 1.98x | 1.92x | 2.08x | 2.13x |
| Quick Ratio | 1.54x | 1.23x | 1.35x | 1.32x | 1.60x | 1.30x | 1.30x | 0.77x | 0.76x | 1.02x | 1.20x | 2.12x | 1.46x | 1.35x | 1.55x | 1.74x | 1.81x | 1.77x | 1.94x | 1.98x |
| Cash Conversion Cycle | 49.14 | 51.18 | 50.8 | 49.27 | 47.31 | 49.12 | 53.06 | 52.18 | 50.18 | 51.03 | 52.33 | 63.41 | 58.7 | 50.79 | 82.39 | 83.18 | 62.65 | 60.21 | 59.31 | 61.54 |
| Total Non-Current Liabilities | 7.7B | 6.93B | 6.92B | 6.85B | 7.22B | 6.98B | 7.02B | 4.63B | 4.61B | 5.61B | 6.09B | 6.73B | 6.95B | 6.96B | 7.19B | 7.34B | 7.35B | 7.31B | 7.43B | 7.48B |
| Long-Term Debt | 6.55B | 5.77B | 5.77B | 5.08B | 5.57B | 5.33B | 5.35B | 3.05B | 3.05B | 4.05B | 4.43B | 5.04B | 5.05B | 5.04B | 5.33B | 5.36B | 5.38B | 5.42B | 5.42B | 5.42B |
| Capital Lease Obligations | 0 | 745.6M | 756.3M | 778.7M | 762.9M | 750.6M | 776.5M | 719.5M | 701.7M | 727.5M | 742.6M | 705.2M | 750.3M | 736.5M | 751.7M | 751.3M | 706.9M | 727.1M | 717M | 732.4M |
| Deferred Tax Liabilities | 456.4M | 454.5M | 441.5M | 354.5M | 388M | 383.1M | 358.3M | 376.1M | 397.2M | 417.9M | 499.5M | 564.5M | 737.4M | 543.4M | 672.7M | 743.4M | 765.2M | 762.9M | 804.8M | 826M |
| Other Non-Current Liabilities | 691.8M | -34.8M | -52.9M | 643.2M | 497.9M | 517.4M | 528.2M | 483.9M | 468.2M | 409.3M | 423M | 418.5M | 413.6M | 642.4M | 433.9M | 484.5M | 489.7M | 402M | 494M | 502.9M |
| Total Liabilities | 10.34B | 9.76B | 9.55B | 9.57B | 9.28B | 10.31B | 10.43B | 8.69B | 8.56B | 8.83B | 8.99B | 8.91B | 9.84B | 10.04B | 9.71B | 9.98B | 9.99B | 10.09B | 10.32B | 10.15B |
| Total Debt | 7.24B | 7.21B | 7.22B | 6.55B | 6.52B | 7.27B | 7.72B | 5.98B | 5.97B | 5.95B | 6.33B | 6.21B | 6.29B | 6.25B | 6.27B | 6.32B | 6.29B | 6.34B | 6.34B | 6.36B |
| Net Debt | 6.26B | 6.68B | 6.62B | 5.9B | 6.15B | 5.75B | 6.2B | 5.71B | 5.87B | 5.42B | 5.6B | 4.28B | 5.9B | 5.93B | 5.86B | 5.25B | 5.06B | 4.87B | 4.3B | 4.39B |
| Debt / Equity | 0.83x | 0.83x | 0.83x | 0.77x | 0.78x | 0.90x | 0.94x | 0.74x | 0.75x | 0.75x | 0.80x | 0.71x | 0.61x | 0.62x | 0.62x | 0.61x | 0.59x | 0.62x | 0.60x | 0.62x |
| Debt / EBITDA | 12.92x | 12.99x | 12.72x | 11.59x | 13.23x | 18.79x | 18.57x | 13.23x | 12.54x | - | 14.33x | 14.69x | 13.33x | 25.30x | 12.34x | 11.70x | 7.00x | 6.55x | 6.32x | 6.77x |
| Net Debt / EBITDA | 11.17x | 12.03x | 11.67x | 10.44x | 12.48x | 14.86x | 14.92x | 12.64x | 12.34x | - | 12.69x | 10.12x | 12.50x | 24.00x | 11.54x | 9.72x | 5.63x | 5.03x | 4.29x | 4.68x |
| Interest Coverage | 7.03x | 4.47x | 7.02x | 6.34x | 5.91x | 3.90x | 5.18x | 6.62x | 7.34x | 4.48x | 5.75x | 5.12x | 6.37x | 1.90x | 7.81x | 9.47x | 16.17x | 16.92x | 19.20x | 9.31x |
| Total Equity | 8.75B | 8.64B | 8.71B | 8.49B | 8.32B | 8.07B | 8.19B | 8.02B | 7.97B | 7.89B | 7.89B | 8.8B | 10.36B | 10.12B | 10.11B | 10.42B | 10.74B | 10.29B | 10.55B | 10.27B |
| Equity Growth % | 5.09% | 7.07% | 6.45% | 5.84% | 4.35% | 2.23% | 3.71% | -8.9% | -23.03% | -22% | -21.94% | -15.51% | -3.55% | -1.73% | -4.12% | 1.51% | 6.96% | 8.85% | 27.68% | 39.25% |
| Book Value per Share | 105.49 | 103.81 | 104.10 | 100.94 | 98.72 | 95.80 | 96.98 | 95.15 | 94.15 | 92.94 | 90.72 | 98.93 | 116.41 | 113.66 | 111.48 | 112.41 | 114.27 | 107.01 | 108.60 | 104.54 |
| Total Shareholders' Equity | 8.73B | 8.62B | 8.7B | 8.47B | 8.31B | 8.05B | 8.17B | 8.01B | 7.96B | 7.88B | 7.87B | 8.79B | 10.34B | 10.1B | 10.09B | 10.4B | 10.72B | 10.27B | 10.52B | 10.25B |
| Common Stock | 7.4M | 7.5M | 7.5M | 7.5M | 7.6M | 7.6M | 7.6M | 7.7M | 7.7M | 7.7M | 7.7M | 8.1M | 8.1M | 8.1M | 8.2M | 8.3M | 8.5M | 8.5M | 8.8M | 8.9M |
| Retained Earnings | 8.78B | 8.64B | 8.7B | 8.5B | 8.46B | 8.3B | 8.28B | 8.18B | 8.06B | 7.89B | 8.07B | 8.82B | 10.73B | 10.58B | 10.85B | 10.9B | 10.95B | 10.46B | 10.79B | 10.42B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -63.2M | -27.6M | -42M | -34.6M | -191.6M | -261.6M | -113.2M | -192M | -185.4M | -59.3M | -208.8M | -153.7M | -444.2M | -493.2M | -761M | -505.5M | -264.9M | -192M | -270.9M | -181.2M |
| Minority Interest | 16.9M | 16.9M | 16.1M | 16.7M | 14.3M | 14.3M | 15.2M | 15M | 15.2M | 15.5M | 19.4M | 19.8M | 19.3M | 18.9M | 18.9M | 20M | 20.6M | 20.6M | 20.6M | 21M |