Lennox International Inc (LII)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | — | — | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $850,200K
= 0.00
Based on the provided data, Lennox International Inc had a debt-to-equity ratio of "0.00" for the fiscal years ending in December 31, 2023 and December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company had no debt on its balance sheet during those years and relied solely on equity financing to support its operations and growth. This can be seen as a positive indicator, as a lower debt-to-equity ratio implies lower financial risk and potential for higher returns for shareholders. It suggests that Lennox International Inc may have a strong financial position and may be less vulnerable to financial distress due to debt obligations.
Peer comparison
Dec 31, 2024