Lincoln Electric Holdings (LECO) Interest Coverage Ratio (2009 - 2026)
Lincoln Electric Holdings' (LECO) quarterly Interest Coverage Ratio came in at 3.74 in Q2 2026, down 72.18% YoY from 13.45 in Q2 2025, and up 22.75% on a QoQ basis from 3.05 in Q1 2026.
Lincoln Electric Holdings (LECO) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings (LECO) has 18 years of Interest Coverage Ratio data on file, last reported at 3.74 in Q2 2026.
- Quarterly Interest Coverage Ratio fell 72.18% year-over-year to 3.74 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 13.03 (up 9.15% YoY) and the FY2025 annual result came in at 12.21, up 1.48% from the prior year.
- Interest Coverage Ratio improved to 3.74 in Q2 2026, from 3.05 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 25.23 in Q1 2022 to a low of 3.05 in Q1 2026.
- A 5-year average of 13.46 and a median of 12.96 in 2024 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 41.1% — and 2026, when it tumbled 73.4%.
- Tracing LECO's Interest Coverage Ratio over 5 years: stood at 14.51 in 2022, then rose by 11.29% to 16.15 in 2023, then fell by 22.83% to 12.47 in 2024, then slipped by 1.52% to 12.28 in 2025, then slumped by 69.5% to 3.74 in 2026.
- The last three Interest Coverage Ratio figures came in at 3.74 (Q2 2026), 3.05 (Q1 2026), and 12.28 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.28 Bn | 18.63 Bn | 635.20 Mn | 27.35 |
| 2 | RBC Bearings | 15.86 Bn | 15.73 Bn | 247.80 Mn | 13.94 |
| 3 | Lincoln Electric Holdings | 15.17 Bn | 14.93 Bn | 449.00 Mn | - |
| 4 | Stanley Black & Decker | 14.81 Bn | 14.22 Bn | 1.31 Bn | -22.36 |
| 5 | Toro | 9.42 Bn | 9.24 Bn | 482.70 Mn | 13.18 |
| 6 | Timken | 8.66 Bn | 8.26 Bn | 399.30 Mn | 3.24 |
| 7 | Kennametal | 2.29 Bn | 2.20 Bn | 433.56 Mn | 30.22 |
| 8 | Hillman Solutions | 1.64 Bn | 1.60 Bn | 208.09 Mn | - |
| 9 | Eastern | 153.33 Mn | 138.19 Mn | - | - |
| 10 | Chicago Rivet & Machine | 9.70 Mn | 8.93 Mn | 563,312.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.74 |
| Mar 31, 2026 | 12.61 |
| Dec 31, 2025 | 12.28 |
| Sep 30, 2025 | 2.75 |
| Jun 30, 2025 | 13.45 |
| Mar 31, 2025 | 11.47 |
| Dec 31, 2024 | 12.47 |
| Sep 30, 2024 | 10.34 |
| Jun 30, 2024 | 11.78 |
| Mar 31, 2024 | 13.75 |
| Dec 31, 2023 | 16.15 |
| Sep 30, 2023 | 13.54 |
| Jun 30, 2023 | 14.23 |
| Mar 31, 2023 | 11.69 |
| Dec 31, 2022 | 14.51 |
| Sep 30, 2022 | 16.55 |
| Jun 30, 2022 | 24.88 |
| Mar 31, 2022 | 24.52 |
| Dec 31, 2021 | 14.39 |
| Sep 30, 2021 | 19.11 |