Lincoln Electric Holdings (LECO) Interest Coverage Ratio (2009 - 2025)
Lincoln Electric Holdings' (LECO) quarterly Interest Coverage Ratio came in at 13.45 in Q2 2025, up 14.2% on a YoY basis from 11.78 in Q2 2024, and up 17.33% quarter-over-quarter from 11.47 in Q1 2025.
Analysis
Lincoln Electric Holdings (LECO) Interest Coverage Ratio (2009 - 2025) Analysis & Trends
Lincoln Electric Holdings (LECO) has reported Interest Coverage Ratio for 15 consecutive years, with 13.45 the latest figure, recorded in Q2 2025.
- For the quarter ending Q2 2025, Interest Coverage Ratio rose 14.2% year-over-year to 13.45; the trailing twelve-month figure through Jun 2025 stood at 11.93 (down 14.82% YoY), and the FY2024 full-year result was 12.03, down 14.33% from the prior year.
- Interest Coverage Ratio climbed to 13.45 in Q2 2025 per LECO's latest filing, from 11.47 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 25.05 in Q2 2022 and bottomed at 10.34 in Q3 2024.
- Historically, Interest Coverage Ratio has averaged 16.05 across 5 years, with a median of 14.75 in 2022.
- The sharpest annual moves came in 2021 and 2023: Interest Coverage Ratio jumped 218.7% in 2021, then tumbled 52.31% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 20.54 in 2021, then fell by 25.6% to 15.28 in 2022, then advanced by 12.17% to 17.14 in 2023, then declined by 27.27% to 12.47 in 2024, then climbed by 7.94% to 13.45 in 2025.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 13.45, 11.47, and 12.47 for Q2 2025, Q1 2025, and Q4 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Snap-on | 19.39 Bn | 17.75 Bn | 635.20 Mn | 27.35 |
| 2 | Lincoln Electric Holdings | 13.73 Bn | 13.49 Bn | 449.00 Mn | - |
| 3 | Stanley Black & Decker | 13.39 Bn | 12.80 Bn | 1.31 Bn | -22.36 |
| 4 | Vontier | 4.36 Bn | 4.10 Bn | 365.00 Mn | - |
| 5 | Esab | 4.25 Bn | 4.03 Bn | 307.21 Mn | 2.57 |
| 6 | Brady | 4.06 Bn | 3.87 Bn | 231.13 Mn | 9.65 |
| 7 | Kennametal | 2.23 Bn | 2.13 Bn | 433.56 Mn | 30.22 |
| 8 | Enerpac Tool | 1.82 Bn | 1.70 Bn | 88.78 Mn | 18.29 |
| 9 | MSA Safety | 1.45 Bn | 1.25 Bn | 249.29 Mn | 14.08 |
| 10 | Lakeland Industries | 94.73 Mn | 77.31 Mn | 14.89 Mn | 3.73 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 17.14 |
| Sep 30, 2023 | 13.54 |
| Jun 30, 2023 | 14.23 |
| Mar 31, 2023 | 11.69 |
| Dec 31, 2022 | 15.28 |
| Sep 30, 2022 | 16.55 |
| Jun 30, 2022 | 25.05 |
| Mar 31, 2022 | 24.52 |
| Dec 31, 2021 | 20.54 |
| Sep 30, 2021 | 19.11 |
| Jun 30, 2021 | 20.10 |
| Mar 31, 2021 | 17.88 |
| Dec 31, 2020 | 15.19 |
| Sep 30, 2020 | 13.31 |