Lennox International Inc (LII)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 | 400,000 | 400,000 | 279,000 | 250,000 | — | — | — | 0 | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 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 | -170,200 | -277,300 | -217,500 | -204,800 |
| Debt-to-equity ratio | 0.00 | 0.00 | 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 of Lennox International Inc has been fluctuating significantly over the past quarters.
In Q4 2023, the ratio stands at 4.57, indicating that the company has $4.57 in debt for every $1 of equity. This suggests a moderate level of leverage.
The ratio spiked to 9.30 in Q3 2023, signaling a notable increase in debt relative to equity, which may raise concerns about the company's financial health and ability to meet its debt obligations.
Furthermore, in Q2 2023, the ratio surged to 25.22, reaching an alarming level where the company's debt far outweighs its equity, indicating a high-risk financial position.
The absence of data for Q1 2023 and prior quarters limits a comprehensive trend analysis, but the significant fluctuations in the debt-to-equity ratio highlight the importance of monitoring Lennox International Inc's capital structure and leverage levels moving forward.
Peer comparison
Dec 31, 2023