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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Lincoln National (LNC) Debt to Equity (2016 - 2025)

Lincoln National's Debt to Equity history spans 17 years, with the latest figure at $0.57 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 22.82% year-over-year to $0.57; the TTM value through Dec 2025 reached $0.57, down 22.82%, while the annual FY2025 figure was $0.57, 22.82% down from the prior year.
  • Debt to Equity reached $0.57 in Q4 2025 per LNC's latest filing, down from $0.74 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $2.32 in Q3 2022 to a low of -$1.5 in Q2 2022.
  • Average Debt to Equity over 5 years is $0.61, with a median of $0.34 recorded in 2021.
  • The largest YoY upside for Debt to Equity was 641.68% in 2022 against a maximum downside of 591.04% in 2022.
  • A 5-year view of Debt to Equity shows it stood at $0.33 in 2021, then crashed by 317.63% to -$0.72 in 2022, then soared by 219.21% to $0.86 in 2023, then dropped by 13.74% to $0.74 in 2024, then dropped by 22.82% to $0.57 in 2025.
  • Per Business Quant, the three most recent readings for LNC's Debt to Equity are $0.57 (Q4 2025), $0.74 (Q4 2024), and $0.03 (Q3 2024).