Laboratory Corporation of America Holdings

Laboratory Corporation of America Holdingsverified

LH

Price:

$239.67

Market Cap:

$20.05B

Laboratory Corporation of America Holdings operates as a global life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Labcorp Diagnostics (Dx) and Labcorp Drug Development (DD). It offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepatitis C tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. The company also provides specialty testing services compris...[Read more]

Industry

Medical - Diagnostics & Research

IPO Date

1990-03-29

Stock Exchange

NYSE

Ticker

LH

The Current Ratio as of November 2024 (TTM) for Laboratory Corporation of America Holdings (LH) is 1.44

According to Laboratory Corporation of America Holdings’s latest financial reports and current stock price. The company's current Current Ratio is 1.44. This represents a change of 31.96% compared to the average of 1.09 of the last 4 quarters.

Laboratory Corporation of America Holdings (LH) Historical Current Ratio (quarterly & annually)

How has LH Current Ratio performed in the past?

The mean historical Current Ratio of Laboratory Corporation of America Holdings over the last ten years is 1.49. The current 1.44 Current Ratio has changed 9.59% with respect to the historical average. Over the past ten years (40 quarters), LH's Current Ratio was at its highest in in the June 2023 quarter at 2.35. The Current Ratio was at its lowest in in the March 2024 quarter at 0.88.

Quarterly (TTM)
Annual

Average

1.49

Median

1.51

Minimum

1.13

Maximum

1.92

Laboratory Corporation of America Holdings (LH) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Laboratory Corporation of America Holdings Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 47.82%

Maximum Annual Current Ratio = 1.92

Minimum Annual Increase = -25.36%

Minimum Annual Current Ratio = 1.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.17-22.29%
20221.50-21.57%
20211.9215.05%
20201.6647.82%
20191.13-25.36%
20181.5115.10%
20171.31-3.25%
20161.36-13.41%
20151.57-9.73%
20141.737.31%

Laboratory Corporation of America Holdings (LH) Average Current Ratio

How has LH Current Ratio performed in the past?

The current Current Ratio of Laboratory Corporation of America Holdings (LH) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.53

5-year avg

1.48

10-year avg

1.49

Laboratory Corporation of America Holdings (LH) Current Ratio vs. Peers

How is LH’s Current Ratio compared to its peers?

Laboratory Corporation of America Holdings’s Current Ratio is greater than Quest Diagnostics Incorporated (1.25), less than Waters Corporation (2.02), greater than Universal Health Services, Inc. (1.39), less than Humana Inc. (1.76), less than Hologic, Inc. (3.69),

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