Lincoln Electric Holdings Inc (LECO)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,327,430 | 1,339,190 | 1,312,910 | 1,307,830 | 1,308,850 | 1,225,580 | 1,201,420 | 1,125,290 | 1,034,040 | 924,319 | 913,061 | 863,118 | 863,909 | 857,993 | 859,623 | 803,515 | 790,250 | 710,744 | 660,111 | 667,103 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the historical data provided, Lincoln Electric Holdings Inc has consistently maintained a debt-to-equity ratio of 0.00 across all reporting periods from March 31, 2020, to December 31, 2024.
A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity. This suggests that Lincoln Electric Holdings Inc relies more on equity financing rather than debt to fund its operations and growth initiatives.
A low or zero debt-to-equity ratio is generally considered favorable as it signifies lower financial risk and indicates a strong financial position. It implies that the company is not heavily leveraged and has a healthier balance sheet structure.
Overall, the consistent 0.00 debt-to-equity ratio for Lincoln Electric Holdings Inc over the years indicates a conservative approach to capital structure management and financial health.
Peer comparison
Dec 31, 2024