Lincoln Electric Holdings Inc (LECO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,327,430K
= 0.00
The debt-to-equity ratio for Lincoln Electric Holdings Inc has consistently remained at 0.00 for the past five years, including as of December 31, 2024. This indicates that the company has not utilized debt to finance its operations, relying solely on equity financing. A debt-to-equity ratio of 0.00 suggests that the company has a conservative capital structure with no debt obligations relative to its equity. This may imply a lower financial risk and a strong financial position, as the company is not burdened with interest payments and has a lower probability of default. However, it is essential to note that while a low debt-to-equity ratio can be viewed positively, it may also signify missed opportunities for leveraging debt for potential growth or expansion.
Peer comparison
Dec 31, 2024