Linamar (Linamar) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is Linamar Debt-to-Equity?

Linamar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $30 Mil. Linamar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,291 Mil. Linamar's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,967 Mil. Linamar's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Linamar's Debt-to-Equity or its related term are showing as below:

LIMAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.32 Max: 0.65
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Linamar was 0.65. The lowest was 0.17. And the median was 0.32.

LIMAF's Debt-to-Equity is ranked better than
62.28% of 1177 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs LIMAF: 0.33

Linamar Debt-to-Equity Historical Data

The historical data trend for Linamar's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Linamar Debt-to-Equity Chart

Linamar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.30

0.17

0.27

0.33

Linamar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.27	0.37	0.33	0.33

Competitive Comparison of Linamar's Debt-to-Equity

For the Auto Parts subindustry, Linamar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Linamar's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Linamar's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Linamar's Debt-to-Equity falls into.

Linamar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Linamar's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30.21	+	1290.859)	/	3966.982
	=	0.33

Linamar's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(30.21	+	1290.859)	/	3966.982
	=	0.33

Linamar (OTCPK:LIMAF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Linamar Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Linamar's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Linamar (Linamar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Linamar Corp (OTCPK:LIMAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LNR:Germany LNR:Canada

Address

287 Speedvale Avenue West, Guelph, ON, CAN, N1H 1C5

Website

https://www.linamar.com

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.