Lennox International Inc (LII)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,798,300 | 2,890,100 | 2,981,300 | 2,770,400 | 2,567,600 | 2,625,800 | 2,659,000 | 2,456,900 | 2,171,900 | 2,123,500 | 2,204,700 | 2,075,000 | 2,032,500 | 1,981,200 | 2,124,300 | 2,128,400 | 2,034,900 | 2,214,800 | 2,340,400 | 2,105,700 |
| 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 |
| Financial leverage ratio | 9.81 | 18.12 | 47.62 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,798,300K ÷ $285,300K
= 9.81
The financial leverage ratio of Lennox International Inc has shown fluctuations over the past few quarters. In Q4 2023, the ratio was 9.81, which indicates that the company had a moderate level of financial leverage at that time. However, in Q3 2023, the ratio significantly increased to 18.12, suggesting a higher level of financial leverage.
In Q2 2023, the financial leverage ratio spiked to 47.62, indicating a substantial increase in the company's financial leverage. Unfortunately, data for Q1 2023 is missing, making it difficult to analyze the trend further. It is crucial for stakeholders to monitor the financial leverage ratio closely to assess the company's debt financing and risk level. Additional data points would provide a more comprehensive analysis of Lennox International Inc's financial leverage ratio trend.
Peer comparison
Dec 31, 2023