diff --git a/internal/cmd/loadbalancer/list.go b/internal/cmd/loadbalancer/list.go
index b49bfe55..47b9a371 100644
--- a/internal/cmd/loadbalancer/list.go
+++ b/internal/cmd/loadbalancer/list.go
@@ -178,55 +178,21 @@ func loadBalancerHealth(l *hcloud.LoadBalancer) string {
 	unknownCount := 0
 
 	for _, lbTarget := range l.Targets {
-		switch loadBalancerTargetHealth(&lbTarget) {
-		case string(hcloud.LoadBalancerTargetHealthStatusStatusHealthy):
-			healthyCount++
+		for _, svcHealth := range lbTarget.HealthStatus {
+			switch svcHealth.Status {
+			case hcloud.LoadBalancerTargetHealthStatusStatusHealthy:
+				healthyCount++
 
-		case string(hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy):
-			unhealthyCount++
+			case hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy:
+				unhealthyCount++
 
-		case "mixed":
-			return "mixed"
-
-		default:
-			unknownCount++
-		}
-	}
-
-	switch len(l.Targets) {
-	case healthyCount:
-		return string(hcloud.LoadBalancerTargetHealthStatusStatusHealthy)
-
-	case unhealthyCount:
-		return string(hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy)
-
-	case unknownCount:
-		return string(hcloud.LoadBalancerTargetHealthStatusStatusUnknown)
-
-	default:
-		return "mixed"
-	}
-}
-
-func loadBalancerTargetHealth(t *hcloud.LoadBalancerTarget) string {
-	healthyCount := 0
-	unhealthyCount := 0
-	unknownCount := 0
-
-	for _, targetHealth := range t.HealthStatus {
-		switch targetHealth.Status {
-		case hcloud.LoadBalancerTargetHealthStatusStatusHealthy:
-			healthyCount++
-
-		case hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy:
-			unhealthyCount++
-
-		default:
-			unknownCount++
+			default:
+				unknownCount++
+			}
 		}
 	}
 
-	switch len(t.HealthStatus) {
+	switch len(l.Targets) * len(l.Services) {
 	case healthyCount:
 		return string(hcloud.LoadBalancerTargetHealthStatusStatusHealthy)
 
diff --git a/internal/cmd/loadbalancer/list_test.go b/internal/cmd/loadbalancer/list_test.go
new file mode 100644
index 00000000..54a14931
--- /dev/null
+++ b/internal/cmd/loadbalancer/list_test.go
@@ -0,0 +1,202 @@
+package loadbalancer
+
+import (
+	"testing"
+
+	"github.com/hetznercloud/hcloud-go/v2/hcloud"
+	"github.com/stretchr/testify/assert"
+)
+
+func TestLoadBalancerHealth(t *testing.T) {
+	tests := []struct {
+		name     string
+		lb       *hcloud.LoadBalancer
+		expected string
+	}{
+		{
+			name: "healthy",
+			lb: &hcloud.LoadBalancer{
+				Name:     "foobar",
+				Services: make([]hcloud.LoadBalancerService, 1),
+				Targets: []hcloud.LoadBalancerTarget{
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+						},
+					},
+				},
+			},
+			expected: string(hcloud.LoadBalancerTargetHealthStatusStatusHealthy),
+		},
+		{
+			name: "unhealthy",
+			lb: &hcloud.LoadBalancer{
+				Name:     "foobar",
+				Services: make([]hcloud.LoadBalancerService, 1),
+				Targets: []hcloud.LoadBalancerTarget{
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+						},
+					},
+				},
+			},
+			expected: string(hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy),
+		},
+		{
+			name: "unknown",
+			lb: &hcloud.LoadBalancer{
+				Name:     "foobar",
+				Services: make([]hcloud.LoadBalancerService, 1),
+				Targets: []hcloud.LoadBalancerTarget{
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+						},
+					},
+				},
+			},
+			expected: string(hcloud.LoadBalancerTargetHealthStatusStatusUnknown),
+		},
+		{
+			name: "mixed",
+			lb: &hcloud.LoadBalancer{
+				Name:     "foobar",
+				Services: make([]hcloud.LoadBalancerService, 1),
+				Targets: []hcloud.LoadBalancerTarget{
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+						},
+					},
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+						},
+					},
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+						},
+					},
+				},
+			},
+			expected: "mixed",
+		},
+		{
+			name: "mixed_many_services_grouped_by_target",
+			lb: &hcloud.LoadBalancer{
+				Name:     "foobar",
+				Services: make([]hcloud.LoadBalancerService, 3),
+				Targets: []hcloud.LoadBalancerTarget{
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+						},
+					},
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+						},
+					},
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+						},
+					},
+				},
+			},
+			expected: "mixed",
+		},
+		{
+			name: "mixed_many_services_mixed",
+			lb: &hcloud.LoadBalancer{
+				Name:     "foobar",
+				Services: make([]hcloud.LoadBalancerService, 3),
+				Targets: []hcloud.LoadBalancerTarget{
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+						},
+					},
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+						},
+					},
+					{
+						HealthStatus: []hcloud.LoadBalancerTargetHealthStatus{
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusHealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnhealthy,
+							},
+							{
+								Status: hcloud.LoadBalancerTargetHealthStatusStatusUnknown,
+							},
+						},
+					},
+				},
+			},
+			expected: "mixed",
+		},
+	}
+
+	for _, test := range tests {
+		res := loadBalancerHealth(test.lb)
+		assert.Equal(t, test.expected, res, test.name)
+	}
+}