Linde plc Ordinary Shares (LIN)
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 | 80,811,000 | 77,827,000 | 78,718,000 | 80,308,000 | 79,658,000 | 74,323,000 | 77,885,000 | 82,767,000 | 81,605,000 | 84,191,000 | 84,345,000 | 84,993,000 | 88,229,000 | 87,209,000 | 85,856,000 | 84,369,000 | 86,612,000 | 84,394,000 | 87,189,000 | 91,641,000 |
| Total stockholders’ equity | US$ in thousands | 39,720,000 | 38,898,000 | 39,911,000 | 39,970,000 | 40,028,000 | 37,628,000 | 39,674,000 | 42,963,000 | 44,035,000 | 44,323,000 | 45,777,000 | 46,210,000 | 47,317,000 | 46,175,000 | 45,537,000 | 44,776,000 | 49,074,000 | 48,953,000 | 50,564,000 | 51,175,000 |
| Financial leverage ratio | 2.03 | 2.00 | 1.97 | 2.01 | 1.99 | 1.98 | 1.96 | 1.93 | 1.85 | 1.90 | 1.84 | 1.84 | 1.86 | 1.89 | 1.89 | 1.88 | 1.76 | 1.72 | 1.72 | 1.79 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $80,811,000K ÷ $39,720,000K
= 2.03
The financial leverage ratio of Linde Plc. has been relatively stable over the past eight quarters, ranging from 1.93 to 2.03. This indicates that the company has been consistently utilizing a moderate level of financial leverage to finance its operations and growth initiatives.
A financial leverage ratio of around 2 suggests that Linde Plc. relies on a combination of debt and equity to fund its activities. While a higher ratio may indicate a greater reliance on debt, a ratio around 2 typically signifies a balanced capital structure.
Overall, the consistency in the financial leverage ratio of Linde Plc. implies a prudent approach to capital structure management, maintaining a reasonable level of debt while also having a sufficient equity cushion to support its business operations. Investors and stakeholders can view this stability positively, as it indicates a manageable level of financial risk and a sound financial position for the company.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Financial Leverage (Quarterly Data)