Lennox International Inc (LII)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | 0 | 400,000 | 400,000 | 279,000 | 250,000 | — | — | — | 0 | — | — | — |
| Total assets | US$ in thousands | 3,471,800 | 3,313,200 | 3,221,900 | 2,985,400 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 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 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,471,800K
= 0.00
The debt-to-assets ratio of Lennox International Inc has shown a consistent trend of 0% from March 31, 2020, to June 30, 2023. This indicates that the company had no debt in relation to its total assets during this period.
However, there was a notable increase in the debt-to-assets ratio to 0.12% by December 31, 2021, followed by a slight decrease to 0.11% by March 31, 2022. The ratio then experienced a further increase to 0.15% as of June 30, 2022, which was maintained at the same level through September 30, 2022.
From December 31, 2022, to December 31, 2024, the ratio reverted to 0%, indicating that Lennox International Inc had again managed to reduce its debt relative to its total assets.
Overall, the company's debt-to-assets ratio remained low and stable for the most part, with minor fluctuations observed in the short term. The increase in the ratio in 2021 and 2022 suggests a temporary increase in debt relative to assets, which was later managed effectively. Monitoring this ratio going forward will be crucial to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2024