Is it safe?
Can LH take a bad year?
Labcorp carries $5.35B of net debt at 2.78× EBITDA: a load its earnings can carry.
$5.35B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.78×
Net debt / EBITDA · 3.35× a year ago · the load is coming down
- Altman Z-score
- 3.08
Altman Z-score · safe zone, above 3
- Interest cover
- 6.45×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $6.33B
- Cash and short-term investments
- $981M
- Net debt
- $5.35B
- EBITDA, trailing twelve months
- $1.92B
- Operating profit, trailing twelve months
- $1.44B
- Debt / equity
- 0.73×
- Total debt / EBITDA
- 3.29×
- Annualised volatilitytwo years of daily moves
- 23%
- Worst drawdown on file
- −47%
- Below its 52-week high
- −1.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Diagnostics & Research
Ranks #22 of 29 by Smart Score