Lindsay Corporation (LNN)
Debt-to-equity ratio
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 114,994 | 115,029 | 115,075 | 115,120 | 115,164 | 115,209 | 115,253 | 115,297 | 115,341 | 115,384 | 115,428 | 115,471 | 115,514 | 115,557 | 115,599 | 115,641 | 115,682 | 115,723 | 115,765 | 115,805 |
| Total stockholders’ equity | US$ in thousands | 480,893 | 479,996 | 483,034 | 466,860 | 455,651 | 436,796 | 422,272 | 404,788 | 393,358 | 380,770 | 356,538 | 341,943 | 338,445 | 336,173 | 319,024 | 303,901 | 298,518 | 282,958 | 277,327 | 273,000 |
| Debt-to-equity ratio | 0.24 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.27 | 0.28 | 0.29 | 0.30 | 0.32 | 0.34 | 0.34 | 0.34 | 0.36 | 0.38 | 0.39 | 0.41 | 0.42 | 0.42 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $114,994K ÷ $480,893K
= 0.24
The debt-to-equity ratio of Lindsay Corporation has been relatively stable over the past 20 quarters, ranging from 0.24 to 0.42. This ratio indicates the proportion of debt financing relative to equity financing in the company's capital structure. A lower ratio suggests that the company relies more on equity financing, while a higher ratio indicates more dependence on debt.
Lindsay Corporation's debt-to-equity ratio has shown a gradual upward trend over this period, starting at 0.24 and reaching 0.42 by the most recent quarter. This suggests an increasing level of debt utilization relative to equity. It is essential to note that a higher debt-to-equity ratio could indicate higher financial risk, as the company may face challenges in servicing its debt obligations.
It would be prudent for stakeholders to closely monitor Lindsay Corporation's debt levels and financial performance to ensure that the company can effectively manage its debt obligations and maintain a healthy balance between debt and equity financing.
Peer comparison
Aug 31, 2024