Lennox International Inc (LII)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 850,200 | 285,300 | -203,100 | -269,000 | -17,100 |
| Debt-to-capital ratio | 0.00 | 0.00 | — | — | — |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $850,200K)
= 0.00
The debt-to-capital ratio for Lennox International Inc gradually decreased from 0.00% as of December 31, 2023, to 0.00% as of December 31, 2024. This downward trend suggests that the company has been able to manage its debt levels effectively in relation to its total capital over this period. A debt-to-capital ratio of 0.00% indicates that the company has no debt in relation to its total capital, which may signify a strong financial position and lower financial risk. However, it's important to note that a very low debt-to-capital ratio may also indicate under-leverage, potentially limiting the company's ability to leverage debt for strategic investments or growth opportunities.
Peer comparison
Dec 31, 2024