Lennox International Inc (LII)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,471,800 | 3,313,200 | 3,221,900 | 2,985,400 | 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 |
| 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 |
| Financial leverage ratio | 4.08 | 4.39 | 5.58 | 8.09 | 9.81 | 18.12 | 47.62 | — | — | — | — | — | — | — | — | — | — | — | — | — |
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 shown a significant downward trend in recent quarters, indicating improved financial stability and lower reliance on debt to finance its operations. The ratio decreased from 47.62% in June 2023 to 4.08% in December 2024.
A lower financial leverage ratio suggests that the company has a lower proportion of debt in its capital structure compared to equity, which can be seen as a positive sign of financial health. It indicates that Lennox International Inc may be managing its debt levels effectively while maintaining a strong equity position.
This reduction in financial leverage ratio could imply that the company has been paying down debt, generating higher profits, or issuing more equity to strengthen its financial position. Overall, a decreasing financial leverage ratio signifies a lower risk of financial distress and a more solid foundation for future growth and stability for Lennox International Inc.
Peer comparison
Dec 31, 2024