Lennox International Inc (LII)
Debt-to-assets 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 | — | — | — | — | 0 | 400,000 | 400,000 | 279,000 | 250,000 | — | — | — | 0 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,798,300 | 2,890,100 | 2,981,300 | 2,770,400 | 2,567,600 | 2,625,800 | 2,659,000 | 2,456,900 | 2,171,900 | 2,123,500 | 2,204,700 | 2,075,000 | 2,032,500 | 1,981,200 | 2,124,300 | 2,128,400 | 2,034,900 | 2,214,800 | 2,340,400 | 2,105,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.15 | 0.11 | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,798,300K
= 0.00
The debt-to-assets ratio of Lennox International Inc has been fluctuating over the past eight quarters, ranging from 0.47 to 0.66. The trend indicates that the company's level of debt in relation to its total assets has been decreasing slightly in the most recent quarters. A lower debt-to-assets ratio suggests that the company is relying less on debt financing and has a stronger financial position in terms of its ability to cover its obligations with its assets. However, it is important to note that a higher debt-to-assets ratio does not necessarily indicate financial distress, as it could be a strategic decision to leverage debt to finance growth opportunities. Overall, monitoring this ratio over time provides insights into Lennox International Inc's capital structure and financial risk.
Peer comparison
Dec 31, 2023