The company maintains a strained liquidity position with a current ratio of 0.53 as of 2026Q1, while total debt remains substantial at $4.2 billion, highlighting ongoing sensitivity to external financing.
| Total Current Assets | 323M | 385.76M | 170.97M | 174.52M | 131.04M | 131.52M | 165.7M | 210.78M |
| Cash & Short-Term Investments | 150.18M | 232.17M | 10.88M | 29.97M | 25.51M | 31.64M | 33.2M | 47.95M |
| Cash Only | 150.18M | 232.17M | 10.88M | 29.97M | 25.51M | 31.64M | 33.2M | 47.95M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 25.48M | 36.32M | 38.52M | 59.28M | 23M | 24.95M | 21.39M | 58.36M |
| Days Sales Outstanding | 5.11 | 4.43 | 5.36 | 9.76 | 4.61 | 6.91 | 8.23 | 11.21 |
| Inventory | 67.03M | 67.62M | 60.27M | 52.8M | 45.66M | 41.01M | 36.28M | 44.31M |
| Days Inventory Outstanding | 19.24 | 15.73 | 15.8 | 16.27 | 15.6 | 17.73 | 20.06 | 15.53 |
| Other Current Assets | 80.31M | 15.48M | 31.48M | 26.99M | 26.87M | 3.15M | 56.9M | 38.79M |
| Total Non-Current Assets | 7.78B | 8.4B | 6.98B | 6.86B | 6.49B | 6.13B | 5.85B | 5.97B |
| Property, Plant & Equipment | 6.27B | 6.13B | 5.51B | 5.37B | 5.02B | 4.66B | 4.4B | 4.51B |
| Fixed Asset Turnover | 0.51x | 0.49x | 0.48x | 0.41x | 0.36x | 0.28x | 0.22x | 0.42x |
| Goodwill | 1.24B | 1.24B | 1.24B | 1.24B | 1.23B | 1.23B | 1.23B | 1.23B |
| Intangible Assets | 180.53M | 180.81M | 171.64M | 172.13M | 173.4M | 174.24M | 164.42M | 168.24M |
| Long-Term Investments | 1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 93.34M | 80.71M | 67.58M | 75.91M | 69.74M | 61.74M | 52.95M | 57.67M |
| Total Assets | 8.11B | 8.79B | 7.15B | 7.03B | 6.63B | 6.26B | 6.02B | 6.18B |
| Asset Turnover | 0.38x | 0.34x | 0.37x | 0.32x | 0.28x | 0.21x | 0.16x | 0.31x |
| Asset Growth % | 49.42% | 22.89% | 1.71% | 6.14% | 5.89% | 3.97% | -2.57% | - |
| Total Current Liabilities | 608.68M | 609.51M | 520.1M | 557.2M | 457.41M | 406.25M | 443.13M | 391.59M |
| Accounts Payable | 92.19M | 233.79M | 87.81M | 81.25M | 73.97M | 71.31M | 54.1M | 53.95M |
| Days Payables Outstanding | 45.54 | 54.4 | 23.02 | 25.04 | 25.28 | 30.83 | 29.92 | 18.91 |
| Short-Term Debt | 114.46M | 113.17M | 22.58M | 73.85M | 15.22M | 23.53M | 139.27M | 36.23M |
| Deferred Revenue (Current) | 240.2M | 60.31M | 58.25M | 49.3M | 36.86M | 33.87M | 42.27M | 44.79M |
| Other Current Liabilities | 338.77M | 149.19M | 25.06M | 16.13M | 14.53M | 4.66M | 1.4M | 989K |
| Current Ratio | 0.53x | 0.63x | 0.33x | 0.31x | 0.29x | 0.32x | 0.37x | 0.54x |
| Quick Ratio | 0.42x | 0.52x | 0.21x | 0.22x | 0.19x | 0.22x | 0.29x | 0.43x |
| Cash Conversion Cycle | -21.19 | -34.24 | -1.86 | 0.99 | -5.07 | -6.19 | -1.62 | 7.83 |
| Total Non-Current Liabilities | 4.28B | 5.05B | 4.02B | 4.22B | 4.04B | 3.76B | 4.09B | 4.03B |
| Long-Term Debt | 1.48B | 4.04B | 1.51B | 1.86B | 1.81B | 1.78B | 2.13B | 2.22B |
| Capital Lease Obligations | 10.18B | 2.59B | 2.38B | 2.27B | 2.16B | 1.91B | 1.74B | 1.49B |
| Deferred Tax Liabilities | 1.39B | 953.6M | 85.25M | 56.07M | 41.39M | 55.21M | 195.12M | 295M |
| Other Non-Current Liabilities | 55.1M | -2.54B | 42.58M | 36.88M | 34.18M | 18.22M | 26.17M | 22.59M |
| Total Liabilities | 4.89B | 5.66B | 4.54B | 4.78B | 4.5B | 4.17B | 4.54B | 4.43B |
| Total Debt | 4.16B | 6.75B | 3.99B | 4.26B | 4.04B | 3.76B | 4.06B | 3.78B |
| Net Debt | 4B | 6.52B | 3.98B | 4.23B | 4.01B | 3.73B | 4.03B | 3.73B |
| Debt / Equity | 1.29x | 2.16x | 1.53x | 1.89x | 1.90x | 1.80x | 2.74x | 2.16x |
| Debt / EBITDA | 5.10x | 8.68x | 6.31x | 9.07x | 11.89x | - | - | 9.71x |
| Net Debt / EBITDA | 4.92x | 8.38x | 6.29x | 9.01x | 11.81x | - | - | 9.59x |
| Interest Coverage | 9.49x | - | 2.41x | 1.72x | 0.97x | -2.21x | -2.80x | 1.30x |
| Total Equity | 3.22B | 3.13B | 2.61B | 2.25B | 2.12B | 2.09B | 1.48B | 1.75B |
| Equity Growth % | 75.22% | 19.76% | 15.8% | 6.11% | 1.57% | 41.18% | -15.36% | - |
| Book Value per Share | 14.15 | 13.86 | 12.36 | 11.05 | 10.97 | 10.83 | 7.74 | 9.14 |
| Total Shareholders' Equity | 3.22B | 3.13B | 2.61B | 2.25B | 2.12B | 2.09B | 1.48B | 1.75B |
| Common Stock | 2.23M | 2.21M | 2.08M | 1.97M | 1.94M | 1.93M | 1.45M | 1.42M |
| Retained Earnings | 41.2M | -46.9M | -420.57M | -576.81M | -652.88M | -651.08M | -71.71M | 288.48M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -8.71M | -12.13M | -12.8M | -6.92M | -9.22M | -3.02M | -3.23M | -4.65M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High capital intensity leverage
As reported in financial statements, LTH's total assets grew from $7.0 billion in 2023Q4 to $8.1 billion by 2026Q1, yet this expansion has been largely debt-funded, resulting in a persistent strain on the company's equity base and overall balance sheet stability over the observed ten-quarter period.
The consistent increase in total assets reflects the company's aggressive physical footprint expansion, yet the failure of equity to keep pace suggests that growth is being achieved at the cost of increased financial risk. Investors should monitor whether this asset-heavy trajectory can eventually generate sufficient returns to justify the mounting leverage required to sustain it.
Based on LTH's reported figures, total debt fluctuated significantly, peaking at $6.7 billion in 2025Q4 before retreating to $4.2 billion in 2026Q1, a volatility that underscores the company's reliance on external financing to manage its capital-intensive athletic country club model and ongoing facility development requirements.
The sharp reduction in debt levels between 2025Q4 and 2026Q1 warrants further investigation into whether this was driven by organic deleveraging or specific capital structure maneuvers like asset sales. Given the high fixed-cost nature of the business, such fluctuations in debt levels may imply heightened sensitivity to interest rate environments and refinancing risks.
According to recent SEC filings, LTH's current ratio has remained consistently below 1.0, ranging from a low of 0.31 in 2023Q4 to a peak of 0.67 in 2025Q3, indicating that the company maintains a very thin liquidity buffer relative to its short-term operational and debt obligations.
This chronic inability to cover current liabilities with current assets suggests that the company relies heavily on continuous cash flow generation or revolving credit access to meet immediate needs. Such a tight liquidity profile leaves little room for error during periods of operational disruption or unexpected spikes in maintenance capital expenditures.
Data from the provided balance sheets indicates that goodwill has remained stagnant at $1.2 billion throughout the ten-quarter period, which may mask potential impairment risks as the company's physical assets age and the competitive landscape for luxury fitness centers continues to evolve in suburban markets.
The static nature of this intangible asset suggests that management has not yet recognized any significant impairment, despite the high capital intensity and competitive pressures noted in the industry. Investors should consider whether the carrying value of these assets remains realistic given the ongoing need for substantial reinvestment to maintain the 'luxury' brand standard.
Quick answers to the most common questions about buying LTH stock.
As of 2025, Life Time Group Holdings, Inc. (LTH) had total assets of $8.79B including $385.8M in current assets.
Life Time Group Holdings, Inc. (LTH) carries total debt of $6.75B, offset by $232.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Life Time Group Holdings, Inc. (LTH) has total shareholders' equity (book value) of $3.13B ($13.86 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Life Time Group Holdings, Inc. (LTH) reported a current ratio of 0.63x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.