Lantheus Holdings, Inc. (LNTH) Balance Sheet
LNTH balance sheet, 2025
December 31, 2025 · U.S. dollars$2.23B assets = $1.14B liabilities + $1.09B equity
Both columns are drawn to the same scale: what LNTH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LNTH financial health
Current ratio2.70
Comfortable · current assets cover current liabilities 2.70×
Debt / equity0.57
Moderate leverage · $0.57 of debt for each $1 of equity
Equity / assets48.9%
Equity-funded · of assets funded by shareholders
Cash / debt58.0%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles43.2%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
LNTH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $255.9M2016 | $2.23B2025 | +27.2%/yr | |
| Total liabilities | $362.4M2016 | $1.14B2025 | +13.6%/yr | |
| Shareholders’ equity | −$106.5M2016 | $1.09B2025 | — | |
| Cash & short-term investments | $51.2M2016 | $359.1M2025 | +24.2%/yr | |
| Total debt | $278.1M2016 | $619.4M2025 | +9.3%/yr | |
| Net cash (debt) | −$226.9M2016 | −$260.3M2025 | −$33.4M | |
| Working capital | $67.0M2016 | $566.5M2025 | +$499.6M | |
| Book value per share | −$3.262016 | $15.922025 | — | |
| Current ratio | 2.532016 | 2.702025 | +0.17 | |
| Debt / equity | 11.512017 | 0.572025 | −10.94 | |
| Shares outstanding | 32.7M2016 | 68.4M2025 | +8.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LNTH assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
LNTH liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
LNTH debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LNTH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $359.1M | $912.8M | $713.7M | $415.7M | $98.5M | $79.6M | $92.9M | $113.4M | $76.3M | $51.2M |
| Cash & equivalents | $359.1M | $912.8M | $713.7M | $415.7M | $98.5M | $79.6M | $92.9M | $113.4M | $76.3M | $51.2M |
| Short-term investments | — | — | — | — | — | — | — | — | $100,000 | $100,000 |
| Receivables | $358.6M | $321.3M | $284.3M | $213.4M | $89.3M | $54.0M | $43.5M | $43.8M | $40.3M | $36.8M |
| Inventory | $64.7M | $68.0M | $64.0M | $35.5M | $35.1M | $35.7M | $29.2M | $33.0M | $26.1M | $17.6M |
| Other current assets | $117.5M | $24.5M | $23.8M | $13.1M | $12.8M | $14.9M | $7.3M | $5.2M | $5.2M | $5.2M |
| Total current assets | $900.0M | $1.33B | $1.09B | $677.6M | $235.8M | $184.2M | $172.9M | $195.4M | $147.8M | $110.8M |
| Property, plant & equipment (net) | $163.7M | $212.9M | $192.0M | $141.2M | $125.6M | $138.6M | $116.5M | $107.9M | $93.0M | $94.2M |
| Goodwill & intangible assets | $962.3M | $222.9M | $213.2M | $376.5M | $409.7M | $434.6M | $23.1M | $24.8M | $27.5M | $30.8M |
| Long-term investments | $42.2M | $39.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $159.2M | $178.4M | $160.1M | $126.0M | $92.7M | $112.3M | $93.5M | $111.7M | $115.5M | $20.1M |
| Total assets | $2.23B | $1.98B | $1.65B | $1.32B | $863.8M | $869.8M | $405.9M | $439.8M | $383.9M | $255.9M |
| Liabilities | ||||||||||
| Accounts payable | $42.9M | $34.6M | $41.2M | $20.6M | $20.8M | $16.3M | $18.6M | $18.0M | $17.5M | $18.9M |
| Short-term debt | $738,000 | $974,000 | $823,000 | $354,000 | $11.6M | $20.7M | $10.3M | $2.8M | $2.8M | $3.6M |
| Deferred revenue | — | — | $130.2M | — | $52.7M | $41.7M | $35.3M | $30.0M | $23.8M | $19.3M |
| Total current liabilities | $333.4M | $240.5M | $187.3M | $247.7M | $90.5M | $80.5M | $66.1M | $52.8M | $46.8M | $43.8M |
| Long-term debt | $568.7M | $565.3M | $561.7M | $557.7M | $163.1M | $197.7M | $183.9M | $263.7M | $265.4M | $274.5M |
| Lease obligations | $50.0M | $53.2M | $54.5M | $25.4M | $16.5M | $17.5M | $329,000 | — | — | — |
| Other long-term liabilities | $235.5M | $86.5M | $86.2M | $68.7M | $145.7M | $77.4M | $41.3M | $52.4M | $48.4M | $44.1M |
| Total liabilities | $1.14B | $892.3M | $835.3M | $874.1M | $399.3M | $355.6M | $291.3M | $368.8M | $360.6M | $362.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $718,000 | $709,000 | $699,000 | $689,000 | $677,000 | $669,000 | $393,000 | $385,000 | $378,000 | $367,000 |
| Retained earnings (deficit) | $679.5M | $445.9M | $133.5M | −$193.2M | −$221.2M | −$149.9M | −$136.5M | −$168.1M | −$209.0M | −$332.4M |
| Treasury stock | — | — | — | −$75.0M | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$1.3M | −$1.6M | −$1.0M | −$1.3M | −$484,999 | −$2.0M | −$960,000 | −$1.1M | −$1.0M | −$947,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.09B | $1.09B | $815.9M | $447.1M | $464.4M | $514.2M | $114.6M | $71.0M | $23.3M | −$106.5M |
| Key figures | ||||||||||
| Total debt | $619.4M | $619.4M | $616.9M | $583.5M | $191.3M | $235.9M | $194.4M | $266.5M | $268.1M | $278.1M |
| Net cash (debt) | −$260.3M | $293.4M | $96.7M | −$167.9M | −$92.8M | −$156.3M | −$101.5M | −$153.1M | −$191.9M | −$226.9M |
| Working capital | $566.5M | $1.09B | $898.5M | $429.9M | $145.3M | $103.7M | $106.8M | $142.7M | $101.1M | $67.0M |
| Tangible book value | $127.5M | $865.1M | $602.7M | $70.7M | $54.7M | $79.6M | $91.6M | $46.2M | −$4.2M | −$137.3M |
| Book value per share | $15.92 | $15.18 | $11.62 | $6.33 | $6.88 | $9.50 | $2.86 | $1.80 | $0.60 | −$3.26 |
| Shares outstanding | 68.4M | 71.7M | 70.2M | 70.7M | 67.5M | 54.1M | 40.1M | 39.5M | 38.9M | 32.7M |
| Current ratio | 2.70 | 5.52 | 5.80 | 2.74 | 2.61 | 2.29 | 2.62 | 3.70 | 3.16 | 2.53 |
| Quick ratio | 2.15 | 5.13 | 5.33 | 2.54 | 2.08 | 1.66 | 2.06 | 2.98 | 2.49 | 2.01 |
| Debt / equity | 0.57 | 0.57 | 0.76 | 1.30 | 0.41 | 0.46 | 1.70 | 3.75 | 11.51 | — |
| Equity / assets | 48.9% | 54.9% | 49.4% | 33.8% | 53.8% | 59.1% | 28.2% | 16.1% | 6.1% | −41.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $593.3M | $498.6M | $359.1M | $382.0M | $695.6M | $938.5M | $912.8M | $866.4M | $757.0M | $718.3M | $713.7M | $614.1M |
| Cash & equivalents | $593.3M | $498.6M | $359.1M | $382.0M | $695.6M | $938.5M | $912.8M | $866.4M | $757.0M | $718.3M | $713.7M | $614.1M |
| Short-term investments | — | — | — | — | — | — | — | −$1.7M | — | — | — | — |
| Receivables | $352.9M | $355.7M | $358.6M | $383.3M | $336.6M | $348.7M | $321.3M | $329.3M | $372.3M | $337.4M | $284.3M | $259.2M |
| Inventory | $57.6M | $61.3M | $64.7M | $62.0M | $62.2M | $69.1M | $68.0M | $70.8M | $70.5M | $69.8M | $64.0M | $56.5M |
| Other current assets | $23.3M | $26.7M | $117.5M | $97.8M | $107.5M | $67.4M | $24.5M | $29.2M | $31.3M | $23.4M | $23.8M | $18.6M |
| Total current assets | $1.03B | $942.3M | $900.0M | $925.1M | $1.20B | $1.42B | $1.33B | $1.30B | $1.23B | $1.15B | $1.09B | $948.4M |
| Property, plant & equipment (net) | $153.3M | $157.6M | $163.7M | $164.1M | $157.7M | $180.8M | $212.9M | $208.9M | $158.2M | $150.1M | $192.0M | $140.3M |
| Goodwill & intangible assets | $928.4M | $945.5M | $962.3M | $979.6M | $536.8M | $214.9M | $222.9M | $234.8M | $233.4M | $203.2M | $213.2M | $224.5M |
| Long-term investments | $119.0M | $58.3M | $42.2M | $46.5M | $45.1M | $30.4M | $39.5M | $158.8M | $116.4M | $139.0M | $0 | $0 |
| Other non-current assets | $187.0M | $243.0M | $159.2M | $161.2M | $174.7M | $205.4M | $178.4M | $151.5M | $200.7M | $190.2M | $160.1M | $208.4M |
| Total assets | $2.41B | $2.35B | $2.23B | $2.28B | $2.12B | $2.06B | $1.98B | $2.05B | $1.94B | $1.83B | $1.65B | $1.52B |
| Liabilities | ||||||||||||
| Accounts payable | $48.1M | $45.9M | $42.9M | $66.3M | $40.9M | $44.9M | $34.6M | $44.9M | $49.8M | $37.5M | $41.2M | $37.1M |
| Short-term debt | $697,000 | $803,000 | $4.5M | $871,000 | $796,000 | $747,000 | $974,000 | $564.7M | $868,000 | $734,000 | $823,000 | $703,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $130.2M | $116.3M |
| Total current liabilities | $335.7M | $333.2M | $333.4M | $346.8M | $280.1M | $248.0M | $240.5M | $784.1M | $263.3M | $237.2M | $187.3M | $176.6M |
| Long-term debt | $570.4M | $569.6M | $568.7M | $567.9M | $566.8M | $566.1M | $565.3M | $613,000 | $563.2M | $562.5M | $561.7M | $560.6M |
| Lease obligations | $53.9M | $55.3M | $50.0M | $50.6M | $47.9M | $47.6M | $53.2M | $53.9M | $54.1M | $54.1M | $54.5M | $54.4M |
| Other long-term liabilities | $196.9M | $231.5M | $235.5M | $242.4M | $102.3M | $76.9M | $86.5M | $85.2M | $86.7M | $86.1M | $86.2M | $85.7M |
| Total liabilities | $1.10B | $1.13B | $1.14B | $1.16B | $949.3M | $891.0M | $892.3M | $869.9M | $913.1M | $885.8M | $835.3M | $822.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $725,000 | $723,000 | $718,000 | $718,000 | $717,000 | $716,000 | $709,000 | $709,000 | $708,000 | $706,000 | $699,000 | $698,000 |
| Retained earnings (deficit) | $873.0M | $797.9M | $679.5M | $625.4M | $597.6M | $518.9M | $445.9M | $457.7M | $326.6M | $264.6M | $133.5M | $30.1M |
| Accumulated other comprehensive income | −$2.2M | −$1.9M | −$1.3M | −$1.7M | −$1.5M | −$1.8M | −$1.6M | −$1.2M | −$1.2M | −$1.2M | −$1.0M | −$1.0M |
| Total shareholders' equity | $1.31B | $1.21B | $1.09B | $1.12B | $1.17B | $1.16B | $1.09B | $1.18B | $1.03B | $945.5M | $815.9M | $698.8M |
| Key figures | ||||||||||||
| Total debt | $625.0M | $625.8M | $673.3M | $619.4M | $615.5M | $614.4M | $619.4M | $619.2M | $618.2M | $617.3M | $616.9M | $615.7M |
| Net cash (debt) | −$31.7M | −$127.2M | −$314.1M | −$237.4M | $80.1M | $324.1M | $293.4M | $247.1M | $138.8M | $101.0M | $96.7M | −$1.6M |
| Working capital | $691.4M | $609.1M | $566.5M | $578.3M | $921.7M | $1.18B | $1.09B | $511.6M | $967.9M | $911.6M | $898.5M | $771.8M |
| Tangible book value | $383.4M | $266.8M | $127.5M | $139.6M | $630.0M | $949.3M | $865.1M | $944.9M | $793.3M | $742.3M | $602.7M | $474.3M |
| Book value per share | $19.43 | $18.43 | $16.43 | $16.54 | $16.59 | $16.29 | $15.72 | $16.15 | $14.54 | $13.49 | $11.64 | $9.98 |
| Shares outstanding | 67.5M | 65.8M | 66.3M | 67.7M | 70.3M | 71.5M | 69.2M | 73.1M | 70.6M | 70.1M | 70.1M | 70.0M |
| Current ratio | 3.06 | 2.83 | 2.70 | 2.67 | 4.29 | 5.74 | 5.52 | 1.65 | 4.68 | 4.84 | 5.80 | 5.37 |
| Quick ratio | 2.82 | 2.56 | 2.15 | 2.21 | 3.68 | 5.19 | 5.13 | 1.53 | 4.29 | 4.45 | 5.33 | 4.95 |
| Debt / equity | 0.48 | 0.52 | 0.62 | 0.55 | 0.53 | 0.53 | 0.57 | 0.52 | 0.60 | 0.65 | 0.76 | 0.88 |
| Equity / assets | 54.3% | 51.7% | 48.9% | 49.2% | 55.1% | 56.6% | 54.9% | 57.6% | 52.9% | 51.6% | 49.4% | 45.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
LNTH financial position
At the end of fiscal 2025 (December 31, 2025), Lantheus had total assets of $2.2 billion (up 12.5% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $1.1 billion. It held $359.1 million in cash and short-term investments against $619.4 million of debt, net debt of $260.3 million. Its current ratio was 2.70. In the latest quarter (ended June 30, 2026) total assets were $2.4 billion and equity $1.3 billion.
Related: LNTH income statement, LNTH cash flow statement, LNTH key metrics. See the LNTH stock overview for the latest quote and news.
LNTH balance sheet FAQ
What are Lantheus's total assets?
Lantheus reported total assets of $2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.0 billion a year earlier.
How much debt does Lantheus have?
Lantheus had $619.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.57.
How much cash does Lantheus have?
Lantheus held $359.1 million in cash and short-term investments at the end of fiscal 2025; with $619.4 million of debt that is net debt of $260.3 million.
What is Lantheus's book value?
Lantheus's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $15.92 per share.
What is Lantheus's current ratio?
Lantheus had current assets of $900.0 million and current liabilities of $333.4 million, a current ratio of 2.70 (it can cover its short-term obligations).
How much goodwill does Lantheus have?
Lantheus carried $962.3 million of goodwill and intangible assets, 43.2% of total assets, at the end of fiscal 2025.