Lincoln Electric Holdings Inc (LECO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,327,430 | 1,308,850 | 1,034,040 | 863,909 | 790,250 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,327,430K)
= 0.00
The debt-to-capital ratio for Lincoln Electric Holdings Inc has been consistently reported as 0.00 from December 31, 2020, up to December 31, 2024. This indicates that the company has not had any debt in its capital structure during this period, which may suggest a strong financial position and low financial risk. It implies that the company is primarily funded by equity rather than debt, which can be viewed positively by investors and creditors as it signifies a lower risk of financial distress. However, it's essential to consider other financial metrics and factors along with the debt-to-capital ratio to gain a more comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024