Lincoln Electric Holdings Inc (LECO)

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 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-equity ratio 0.84 0.90 0.92 0.99 1.07 0.77 0.78 0.83 0.83 0.84 0.84 0.89 0.91 1.11 1.18 1.07 0.87 0.90 0.83 0.80

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,102,770K ÷ $1,308,850K
= 0.84

The debt-to-equity ratio of Lincoln Electric Holdings, Inc. has shown fluctuations over the past eight quarters. Generally, the company's debt-to-equity ratio has been relatively high, ranging from 0.84 to 1.16. In Q1 2023, the ratio reached a peak of 1.03 but decreased slightly in Q2 and Q3 of the same year. This indicates that the company has incurred a significant amount of debt in relation to its equity, which could potentially signal a higher financial risk.

It is crucial to closely monitor how Lincoln Electric Holdings manages its debt levels relative to its equity in order to ensure financial stability and sustainability in the long term. Additionally, investors and stakeholders may want to evaluate the company's ability to meet its debt obligations and assess the potential impact of the debt on its overall financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Lincoln Electric Holdings Inc
LECO
0.84
SPX Corp
SPXC
0.00