Lear Corporation (LEA)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 14,027,500 14,695,500 13,763,000 13,352,400 13,198,600
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,027,500K
= 0.00

The debt-to-assets ratio for Lear Corporation has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to support its assets during this period. A low or zero debt-to-assets ratio signifies that the company's assets are primarily financed by equity rather than debt, which may reflect a strong financial position and lower financial risk. Consequently, Lear Corporation may have a more stable capital structure and may be less susceptible to financial distress related to debt obligations.