Lennox International Inc (LII)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 0 | 250,000 | 0 |
| Total assets | US$ in thousands | 3,471,800 | 2,798,300 | 2,567,600 | 2,171,900 | 2,032,500 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,471,800K
= 0.00
The debt-to-assets ratio for Lennox International Inc has varied over the years based on the provided data. As of December 31, 2020, the ratio was 0.00, indicating that the company had no debt on its balance sheet relative to its total assets. By December 31, 2021, the ratio increased to 0.12, suggesting that the company's level of debt relative to its assets had also increased. However, in the following years (December 31, 2022, 2023, and 2024), the ratio reverted back to 0.00, indicating that Lennox International Inc had either reduced its debt levels or increased its asset base, leading to a lower debt-to-assets ratio. Overall, the trend in the debt-to-assets ratio reflects fluctuations in the company's capital structure and financial leverage, which can impact its financial risk and solvency position over time.
Peer comparison
Dec 31, 2024