Lindsay Corporation (LNN)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 760,232 | 758,101 | 765,280 | 763,918 | 745,660 | 723,618 | 709,080 | 708,296 | 710,653 | 711,916 | 676,584 | 649,445 | 637,185 | 642,217 | 596,648 | 575,202 | 570,526 | 557,486 | 534,330 | 526,811 |
| 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 |
| Financial leverage ratio | 1.58 | 1.58 | 1.58 | 1.64 | 1.64 | 1.66 | 1.68 | 1.75 | 1.81 | 1.87 | 1.90 | 1.90 | 1.88 | 1.91 | 1.87 | 1.89 | 1.91 | 1.97 | 1.93 | 1.93 |
August 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $760,232K ÷ $480,893K
= 1.58
The financial leverage ratio of Lindsay Corporation has shown a slight fluctuation over the past few years. The ratio ranges from 1.58 to 1.97, indicating the company's reliance on debt to finance its operations and investments.
Notably, the ratio peaked at 1.97 in November 2019, reflecting a higher level of leverage at that time. Subsequently, there was a gradual decrease in the ratio until it reached 1.58 in August 2024, suggesting a reduction in the company's debt relative to its equity.
Overall, the trend in the financial leverage ratio suggests that Lindsay Corporation has been managing its leverage levels within a certain range over the period, balancing the benefits and risks associated with debt financing.
Peer comparison
Aug 31, 2024