Lincoln Electric Holdings Inc (LECO)
Debt-to-capital 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 | 1,102,770 | 1,102,860 | 1,103,900 | 1,110,630 | 1,110,400 | 711,250 | 712,908 | 715,032 | 717,089 | 717,787 | 718,137 | 715,328 | 715,456 | 785,579 | 777,171 | 710,599 | 712,302 | 732,531 | 704,319 | 688,190 |
| Total stockholders’ equity | US$ in thousands | 1,308,850 | 1,225,580 | 1,201,420 | 1,125,240 | 1,034,040 | 924,228 | 912,983 | 863,060 | 863,909 | 857,993 | 859,665 | 803,515 | 789,271 | 709,825 | 659,254 | 667,103 | 818,172 | 812,924 | 845,428 | 863,992 |
| Debt-to-capital ratio | 0.46 | 0.47 | 0.48 | 0.50 | 0.52 | 0.43 | 0.44 | 0.45 | 0.45 | 0.46 | 0.46 | 0.47 | 0.48 | 0.53 | 0.54 | 0.52 | 0.47 | 0.47 | 0.45 | 0.44 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,102,770K ÷ ($1,102,770K + $1,308,850K)
= 0.46
Lincoln Electric Holdings, Inc.'s debt-to-capital ratio has shown some fluctuation over the past eight quarters. The ratio has ranged from 0.46 to 0.54, with the lowest value recorded in Q4 2022 and the highest in Q1 2023. This indicates that the company's level of debt relative to its total capital has varied, possibly due to changes in its borrowing levels or capital structure. Overall, the trend seems to suggest that the company has been managing its debt position within a moderate range compared to its total capital across the quarters analyzed.
Peer comparison
Dec 31, 2023