Lincoln Electric Holdings (LECO) Interest Coverage Ratio (2009 - 2026)
Lincoln Electric Holdings (LECO) posted Interest Coverage Ratio of 12.61 for Q1 2026, up 2.75% on a QoQ basis from 12.28 in Q4 2025, and up 10.0% year-over-year from 11.47 in Q1 2025.
Lincoln Electric Holdings (LECO) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Lincoln Electric Holdings' Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 12.61 for Q1 2026.
- Quarterly Interest Coverage Ratio rose 10.0% year-over-year to 12.61 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.65 (up 9.94% YoY) and the FY2025 annual result came in at 12.21, up 1.48% from the prior year.
- Interest Coverage Ratio was 12.61 for Q1 2026 at Lincoln Electric Holdings, up from 12.28 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 24.88 in Q2 2022 and bottomed at 2.75 in Q3 2025.
- A 5-year average of 13.94 and a median of 13.45 in 2025 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 37.16% — and 2025, when it sank 73.39%.
- Lincoln Electric Holdings' Interest Coverage Ratio stood at 14.51 in 2022, then advanced by 11.29% to 16.15 in 2023, then decreased by 22.83% to 12.47 in 2024, then declined by 1.52% to 12.28 in 2025, then grew by 2.75% to 12.61 in 2026.
- Business Quant data shows LECO's Interest Coverage Ratio at 12.61 in Q1 2026, 12.28 in Q4 2025, and 2.75 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 20.52 Bn | 18.79 Bn | 635.20 Mn | 1.30 |
| 2 | RBC Bearings | 18.73 Bn | 18.68 Bn | 230.00 Mn | 1.37 |
| 3 | Lincoln Electric Holdings | 13.73 Bn | 13.43 Bn | 399.13 Mn | 12.61 |
| 4 | Stanley Black & Decker | 13.27 Bn | 12.93 Bn | 1.16 Bn | -23.03 |
| 5 | Timken | 9.80 Bn | 9.96 Bn | 394.00 Mn | 2.08 |
| 6 | Toro | 8.88 Bn | 8.69 Bn | 336.50 Mn | 0.60 |
| 7 | Kennametal | 2.66 Bn | 2.59 Bn | 207.98 Mn | 12.68 |
| 8 | Hillman Solutions | 1.55 Bn | 1.52 Bn | 168.58 Mn | 0.08 |
| 9 | Eastern | 147.40 Mn | 139.23 Mn | 11.93 Mn | 0.60 |
| 10 | Chicago Rivet & Machine | 9.81 Mn | 8.36 Mn | 958,459.00 | -4.53 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 20.38 |