Lennox International Inc (LII)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 850,200 | 754,000 | 577,400 | 368,800 | 285,300 | 159,500 | 62,600 | -125,900 | -203,100 | -305,200 | -401,300 | -410,200 | -269,000 | -334,800 | -213,300 | -160,700 | -17,100 | -115,700 | -228,900 | -318,300 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $850,200K
= 0.00
The debt-to-equity ratio for Lennox International Inc has consistently been 0.00 from June 30, 2023, up to December 31, 2024. This indicates that the company has no debt compared to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company relies entirely on equity to finance its operations and investments, without resorting to debt financing. This could suggest a conservative financial strategy, lower financial risk, and a strong equity base. However, it is important to note that a low or zero debt-to-equity ratio may also imply missed opportunities for growth or leveraging financial leverage for potential returns.
Peer comparison
Dec 31, 2024