Lennox International Inc (LII)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 250,000 | 0 | — |
| Total stockholders’ equity | US$ in thousands | 285,300 | -203,100 | -269,000 | -17,100 | -170,200 |
| Debt-to-equity ratio | 0.00 | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $285,300K
= 0.00
The debt-to-equity ratio for Lennox International Inc as of December 31, 2023, stands at 4.57. This indicates that the company relies more heavily on debt to finance its operations and growth compared to equity. A high debt-to-equity ratio may suggest higher financial risk as the company has a significant amount of debt that needs to be serviced, which can lead to higher interest expenses and potential solvency issues in times of economic downturns. It is important for investors and creditors to monitor this ratio over time to assess the company's leverage position and ability to meet its financial obligations. The lack of data for preceding years makes it challenging to identify any trend or changes in the company's capital structure.
Peer comparison
Dec 31, 2023