Lincoln Electric Holdings Inc (LECO)
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 | 3,520,140 | 3,377,300 | 3,180,550 | 2,592,310 | 2,314,450 |
| 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 ÷ $3,520,140K
= 0.00
The debt-to-assets ratio of Lincoln Electric Holdings Inc has consistently remained at 0.00 for the years 2020 to 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is not relying on borrowed funds to support its operations and investments, potentially reflecting a strong financial position and minimal financial risk associated with debt obligations. It also implies that the company has a high proportion of equity financing compared to debt, which may be viewed positively by investors and creditors. Overall, a stable and low debt-to-assets ratio may indicate prudent financial management and a conservative approach to leverage within the company's capital structure.
Peer comparison
Dec 31, 2024