Lincoln Electric Holdings annual debt-to-equity ratio
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2025
Lincoln Electric Holdings Debt-to-Equity Ratio Growth & History (LECO)
Lincoln Electric Holdings's debt-to-equity ratio was 0.92 for fiscal 2025.
View full Lincoln Electric Holdings company overviewLincoln Electric Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.92 | −0.07 | −7.54% |
| 2024 | 2024-12-31 | 0.99 | 0.11 | +11.90% |
| 2023 | 2023-12-31 | 0.89 | −0.32 | −26.70% |
| 2022 | 2022-12-31 | 1.21 | 0.26 | +27.53% |
| 2021 | 2021-12-31 | 0.95 | −0.02 | −1.90% |
| 2020 | 2020-12-31 | 0.97 | −0.01 | −1.16% |
| 2019 | 2019-12-31 | 0.98 | 0.19 | +23.41% |
| 2018 | 2018-12-31 | 0.79 | 0.03 | +4.50% |
| 2017 | 2017-12-31 | 0.76 | −0.23 | −23.56% |
| 2016 | 2016-12-31 | 0.99 | 0.61 | +160.52% |
| 2015 | 2015-12-31 | 0.38 | 0.33 | +591.01% |
| 2014 | 2014-12-31 | 0.06 | 0.04 | +340.61% |
| 2013 | 2013-12-31 | 0.01 | −0.00 | −17.22% |
| 2012 | 2012-12-31 | 0.02 | −0.07 | −82.80% |
| 2011 | 2011-12-31 | 0.09 | 0.00 | +1.90% |
| 2010 | 2010-12-31 | 0.09 | 0.00 | +5.22% |
| 2009 | 2009-12-31 | 0.08 | — | — |
Lincoln Electric Holdings quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.77 | −0.18 | −18.52% |
| Q1 2026 | 2026-03-31 | 0.90 | −0.08 | −7.78% |
| Q4 2025 | 2025-12-31 | 0.92 | −0.07 | −7.54% |
| Q3 2025 | 2025-09-30 | 0.92 | 0.01 | +1.23% |
| Q2 2025 | 2025-06-30 | 0.95 | 0.07 | +7.99% |
| Q1 2025 | 2025-03-31 | 0.98 | 0.09 | +10.73% |
| Q4 2024 | 2024-12-31 | 0.99 | 0.11 | +11.90% |
| Q3 2024 | 2024-09-30 | 0.90 | −0.04 | −4.24% |
| Q2 2024 | 2024-06-30 | 0.88 | −0.08 | −8.80% |
| Q1 2024 | 2024-03-31 | 0.88 | −0.15 | −14.09% |
| Q4 2023 | 2023-12-31 | 0.89 | −0.32 | −26.70% |
| Q3 2023 | 2023-09-30 | 0.94 | 0.12 | +15.14% |
| Q2 2023 | 2023-06-30 | 0.96 | 0.13 | +16.08% |
| Q1 2023 | 2023-03-31 | 1.03 | 0.14 | +16.02% |
| Q4 2022 | 2022-12-31 | 1.21 | 0.26 | +27.53% |
| Q3 2022 | 2022-09-30 | 0.82 | −0.08 | −8.47% |
| Q2 2022 | 2022-06-30 | 0.83 | −0.06 | −6.94% |
| Q1 2022 | 2022-03-31 | 0.89 | −0.05 | −5.83% |
| Q4 2021 | 2021-12-31 | 0.95 | −0.02 | −1.90% |
| Q3 2021 | 2021-09-30 | 0.90 | −0.18 | −16.92% |
| Q2 2021 | 2021-06-30 | 0.89 | −0.27 | −23.11% |
| Q1 2021 | 2021-03-31 | 0.94 | −0.21 | −18.02% |
| Q4 2020 | 2020-12-31 | 0.97 | −0.01 | −1.16% |
| Q3 2020 | 2020-09-30 | 1.08 | 0.13 | +14.13% |
| Q2 2020 | 2020-06-30 | 1.16 | 0.25 | +27.56% |
| Q1 2020 | 2020-03-31 | 1.15 | 0.27 | +30.79% |
| Q4 2019 | 2019-12-31 | 0.98 | 0.19 | +23.41% |
| Q3 2019 | 2019-09-30 | 0.94 | 0.19 | +25.43% |
| Q2 2019 | 2019-06-30 | 0.91 | 0.17 | +22.49% |
| Q1 2019 | 2019-03-31 | 0.88 | 0.16 | +22.86% |
| Q4 2018 | 2018-12-31 | 0.79 | 0.03 | +4.50% |
| Q3 2018 | 2018-09-30 | 0.75 | 0.01 | +1.02% |
| Q2 2018 | 2018-06-30 | 0.74 | −0.09 | −10.31% |
| Q1 2018 | 2018-03-31 | 0.72 | −0.18 | −20.33% |
| Q4 2017 | 2017-12-31 | 0.76 | −0.23 | −23.56% |
| Q3 2017 | 2017-09-30 | 0.75 | 0.27 | +55.87% |
| Q2 2017 | 2017-06-30 | 0.83 | 0.37 | +81.62% |
| Q1 2017 | 2017-03-31 | 0.90 | 0.51 | +128.71% |
| Q4 2016 | 2016-12-31 | 0.99 | 0.61 | +160.52% |
| Q3 2016 | 2016-09-30 | 0.48 | 0.13 | +37.85% |
| Q2 2016 | 2016-06-30 | 0.46 | 0.33 | +259.70% |
| Q1 2016 | 2016-03-31 | 0.39 | 0.39 | +11822.86% |
| Q4 2015 | 2015-12-31 | 0.38 | 0.33 | +591.01% |
| Q3 2015 | 2015-09-30 | 0.35 | 0.35 | +45684.95% |
| Q2 2015 | 2015-06-30 | 0.13 | 0.13 | +16497.16% |
| Q1 2015 | 2015-03-31 | 0.00 | 0.00 | +85.43% |
| Q4 2014 | 2014-12-31 | 0.06 | 0.04 | +340.61% |
| Q3 2014 | 2014-09-30 | 0.00 | −0.00 | −14.28% |
| Q2 2014 | 2014-06-30 | 0.00 | −0.00 | −24.14% |
| Q1 2014 | 2014-03-31 | 0.00 | 0.00 | +70.14% |
| Q4 2013 | 2013-12-31 | 0.01 | −0.00 | −17.22% |
| Q3 2013 | 2013-09-30 | 0.00 | −0.00 | −30.50% |
| Q2 2013 | 2013-06-30 | 0.00 | −0.00 | −46.83% |
| Q1 2013 | 2013-03-31 | 0.00 | −0.00 | −47.72% |
| Q4 2012 | 2012-12-31 | 0.02 | −0.07 | −82.80% |
| Q3 2012 | 2012-09-30 | 0.00 | 0.00 | +0.12% |
| Q2 2012 | 2012-06-30 | 0.00 | 0.00 | +38.57% |
| Q1 2012 | 2012-03-31 | 0.00 | 0.00 | +31.29% |
| Q4 2011 | 2011-12-31 | 0.09 | 0.00 | +1.90% |
| Q3 2011 | 2011-09-30 | 0.00 | −0.07 | −98.32% |
| Q2 2011 | 2011-06-30 | 0.00 | −0.08 | −98.29% |
| Q1 2011 | 2011-03-31 | 0.00 | — | — |
| Q4 2010 | 2010-12-31 | 0.09 | 0.00 | +5.22% |
| Q3 2010 | 2010-09-30 | 0.08 | — | — |
| Q2 2010 | 2010-06-30 | 0.08 | — | — |
| Q4 2009 | 2009-12-31 | 0.08 | — | — |
Lincoln Electric Holdings debt-to-equity ratio trends
Over the last five fiscal years, Lincoln Electric Holdings's debt-to-equity ratio decreased from 0.97 to 0.92, a change of −0.05. The latest reported quarter, Q2 2026, shows 0.77.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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