Lennox International Inc (LII)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,471,800 | 2,798,300 | 2,567,600 | 2,171,900 | 2,032,500 |
| Total stockholders’ equity | US$ in thousands | 850,200 | 285,300 | -203,100 | -269,000 | -17,100 |
| Financial leverage ratio | 4.08 | 9.81 | — | — | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,471,800K ÷ $850,200K
= 4.08
The financial leverage ratio of Lennox International Inc has exhibited a declining trend over the years based on the provided data. As of December 31, 2023, the financial leverage ratio stood at 9.81, which then decreased significantly to 4.08 as of December 31, 2024. This reduction suggests that the company may have been actively managing its debt levels or improving its capital structure during this period. A lower financial leverage ratio indicates a lower reliance on debt financing, which could potentially enhance the company's financial stability and ability to weather economic downturns. Further monitoring of this ratio will be necessary to assess the company's ongoing financial health and risk management strategies.
Peer comparison
Dec 31, 2024