Lear Corporation (LEA)

Debt-to-equity ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	2,464,500	2,750,000	2,750,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,868,600	2,306,300	2,310,900	2,315,600	2,633,300	2,299,800	2,302,700	2,306,800	2,293,700	2,339,000	2,339,000	1,965,600
Total stockholders’ equity	US$ in thousands	4,918,800	4,858,800	4,980,500	4,857,700	4,678,800	4,303,300	4,440,600	4,650,000	4,643,400	4,622,400	4,782,900	4,580,100	4,467,300	4,132,800	3,867,700	4,023,500	4,349,700	4,203,800	4,236,400	4,245,300
Debt-to-equity ratio		0.50	0.57	0.55	0.54	0.56	0.60	0.59	0.56	0.62	0.50	0.48	0.51	0.59	0.56	0.60	0.57	0.53	0.56	0.55	0.46

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,464,500K ÷ $4,918,800K
= 0.50

The debt-to-equity ratio of Lear Corp. has remained relatively stable over the past eight quarters, ranging between 0.54 and 0.61. This indicates that the company has been maintaining a moderate level of debt in relation to its equity during this period. Overall, the average debt-to-equity ratio appears to be around 0.57, suggesting that the company's capital structure is balanced with a slightly higher reliance on debt compared to equity. It is important to monitor any significant changes in this ratio in the future, as it can provide insights into the company's financial leverage and risk management strategies.