Lincoln Electric Holdings (LECO) Debt Ratio (2009 - 2026)
Lincoln Electric Holdings' (LECO) quarterly Debt Ratio came in at 0.3 in Q2 2026, down 10.86% on a YoY basis from 0.34 in Q2 2025, and down 20.37% quarter-over-quarter from 0.38 in Q1 2026.
Analysis
Lincoln Electric Holdings (LECO) Debt Ratio (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has reported Debt Ratio for 18 consecutive years, with 0.3 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio fell 10.86% year-over-year to 0.3; the trailing twelve-month figure through Jun 2026 stood at 0.3 (down 10.86% YoY), and the FY2025 full-year result was 0.38, up 6.24% from the prior year.
- Debt Ratio slipped to 0.3 in Q2 2026 per LECO's latest filing, from 0.38 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.38 in Q4 2022 and bottomed at 0.29 in Q3 2022.
- Historically, Debt Ratio has averaged 0.34 across 5 years, with a median of 0.34 in 2023.
- The sharpest annual moves came in 2022 and 2023: Debt Ratio increased 28.5% in 2022, then retreated 14.33% in 2023.
- Over 5 years, Debt Ratio stood at 0.38 in 2022, then declined by 14.33% to 0.33 in 2023, then grew by 9.47% to 0.36 in 2024, then advanced by 6.24% to 0.38 in 2025, then fell by 20.76% to 0.3 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.3, 0.38, and 0.38 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.32 Bn | 17.68 Bn | 635.20 Mn | 0.18 |
| 2 | Lincoln Electric Holdings | 13.62 Bn | 13.38 Bn | 449.00 Mn | 0.30 |
| 3 | Stanley Black & Decker | 13.22 Bn | 12.63 Bn | 1.31 Bn | 0.24 |
| 4 | Vontier | 4.37 Bn | 4.11 Bn | 365.00 Mn | 0.47 |
| 5 | Esab | 4.25 Bn | 4.04 Bn | 307.21 Mn | 0.37 |
| 6 | Brady | 4.03 Bn | 3.84 Bn | 231.13 Mn | 0.01 |
| 7 | Kennametal | 2.22 Bn | 2.13 Bn | 433.56 Mn | 0.23 |
| 8 | Enerpac Tool | 1.81 Bn | 1.70 Bn | 88.78 Mn | 0.24 |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 0.23 |
| 10 | Lakeland Industries | 89.45 Mn | 72.03 Mn | 14.89 Mn | 0.13 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.30 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 0.35 |
| Jun 30, 2025 | 0.34 |
| Mar 31, 2025 | 0.35 |
| Dec 31, 2024 | 0.36 |
| Sep 30, 2024 | 0.34 |
| Jun 30, 2024 | 0.32 |
| Mar 31, 2024 | 0.33 |
| Dec 31, 2023 | 0.33 |
| Sep 30, 2023 | 0.33 |
| Jun 30, 2023 | 0.34 |
| Mar 31, 2023 | 0.36 |
| Dec 31, 2022 | 0.38 |
| Sep 30, 2022 | 0.29 |
| Jun 30, 2022 | 0.31 |
| Mar 31, 2022 | 0.32 |
| Dec 31, 2021 | 0.30 |
| Sep 30, 2021 | 0.30 |