Lincoln Electric Holdings, Inc. (LECO) quarterly balance sheet — complete assets, liabilities & equity history
Lincoln Electric Holdings, Inc. (LECO) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 1.83B | 1.76B | 1.86B | 1.74B | 1.78B | 1.73B | 1.73B | 1.65B | 1.76B | 1.61B | 1.68B | 1.69B | 1.67B | 1.65B | 1.61B | 1.56B | 1.4B | 1.47B | 1.43B | 1.29B |
| Cash & Short-Term Investments | 283.24M | 242.44M | 298.9M | 308.79M | 293M | 299.48M | 394.7M | 377.26M | 404.22M | 272.67M | 374.98M | 393.79M | 342.67M | 220.48M | 198.8M | 197.15M | 141.31M | 152.8M | 154.37M | 192.96M |
| Cash Only | 283.24M | 242.44M | 298.9M | 308.79M | 293M | 299.48M | 394.7M | 377.26M | 404.22M | 272.67M | 374.98M | 393.79M | 342.67M | 220.48M | 198.8M | 197.15M | 141.31M | 152.8M | 154.37M | 192.96M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 603.31M | 586.35M | 598.32M | 538.79M | 501.54M | 554.28M | 609.98M | 481.98M | 517.03M | 600.31M | 589.66M | 580.65M | 592.72M | 619.6M | 573.47M | 576.78M | 500.59M | 557.02M | 560.17M | 454.37M |
| Days Sales Outstanding | 44.81 | 44.19 | 45.63 | 44.42 | 45.83 | 48.68 | 48.89 | 44.96 | 52.25 | 53.02 | 54.27 | 50.99 | 53.97 | 51.18 | 49.8 | 53.24 | 52.02 | 52.43 | 49.33 | 50.35 |
| Inventory | 699.38M | 690.54M | 693.94M | 633.36M | 671.51M | 621.44M | 574.33M | 544.04M | 612.41M | 582.73M | 567.28M | 562.86M | 612.34M | 674.75M | 664.6M | 665.45M | 632.38M | 639.39M | 599.78M | 539.92M |
| Days Inventory Outstanding | 80.3 | 81.74 | 82.69 | 85.48 | 88.76 | 79.62 | 78.7 | 81.61 | 87.5 | 82.05 | 83.91 | 78.63 | 89.34 | 89.15 | 88 | 95.83 | 93.44 | 88.84 | 86.1 | 85.7 |
| Other Current Assets | 240.26M | 241.22M | 272.29M | 258.57M | 313.92M | 250.03M | 150.61M | 242M | 223.44M | 157.4M | 147.83M | 155.81M | 124.57M | 131.34M | 173.62M | 118.41M | 121.12M | 115.99M | 113.51M | 71.95M |
| Total Non-Current Assets | 2.07B | 2.05B | 2.04B | 2.04B | 2.04B | 2B | 1.9B | 1.87B | 1.91B | 1.8B | 1.7B | 1.68B | 1.65B | 1.67B | 1.64B | 1.62B | 1.26B | 1.28B | 1.31B | 1.3B |
| Property, Plant & Equipment | 805.28M | 731.76M | 720.84M | 702.76M | 677.26M | 660.67M | 636.16M | 619.18M | 682.97M | 638.16M | 634.79M | 628.6M | 618.61M | 615.74M | 553.41M | 589.68M | 535.18M | 546.9M | 561.25M | 559.71M |
| Fixed Asset Turnover | 1.59x | 1.68x | 1.58x | 1.56x | 1.58x | 1.68x | 1.60x | 1.57x | 1.49x | 1.60x | 1.55x | 1.70x | 1.67x | 1.81x | 1.82x | 1.66x | 1.73x | 1.75x | 1.65x | 1.50x |
| Goodwill | 885.97M | 885.23M | 886.37M | 886.69M | 887.88M | 829.48M | 813.7M | 804.93M | 818.83M | 791.99M | 689.87M | 694.45M | 686.63M | 692.46M | 679.38M | 665.26M | 424.5M | 431.62M | 437.14M | 430.16M |
| Intangible Assets | 0 | 0 | 0 | 250.42M | 0 | 0 | 0 | 221M | 0 | 0 | 0 | 186.67M | 0 | 0 | 0 | 202.71M | 0 | 0 | 0 | 149.39M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.65M | 21.84M | 28.82M | 22.42M | 0 | 19.29M | 22.2M | 17.62M | 10.54M | 6.99M |
| Other Non-Current Assets | 376.19M | 435.77M | 429.74M | 151.12M | 469.99M | 511.99M | 445.59M | 152.14M | 405.65M | 371.99M | 349.65M | 107.45M | 319.54M | 334.39M | 409.92M | 123.01M | 274.68M | 280.47M | 299.59M | 138.14M |
| Total Assets | 3.89B | 3.81B | 3.9B | 3.78B | 3.82B | 3.73B | 3.63B | 3.52B | 3.66B | 3.42B | 3.38B | 3.38B | 3.33B | 3.31B | 3.25B | 3.18B | 2.65B | 2.74B | 2.74B | 2.59B |
| Asset Turnover | 0.32x | 0.32x | 0.29x | 0.28x | 0.28x | 0.30x | 0.28x | 0.28x | 0.28x | 0.30x | 0.29x | 0.32x | 0.31x | 0.32x | 0.32x | 0.32x | 0.35x | 0.35x | 0.35x | 0.33x |
| Asset Growth % | 2.06% | 2.31% | 7.59% | 7.31% | 4.11% | 9.14% | 7.26% | 4.23% | 10.18% | 3.14% | 3.89% | 6.19% | 25.41% | 20.77% | 18.89% | 22.69% | 3.24% | 9.12% | 15.86% | 12.01% |
| Total Current Liabilities | 955.71M | 888.08M | 1.02B | 956.69M | 1.04B | 1.03B | 969.85M | 878.8M | 951.34M | 783.57M | 748.87M | 754.61M | 808.14M | 810.76M | 835.94M | 852.9M | 820.33M | 903.68M | 927.65M | 755.9M |
| Accounts Payable | 463.74M | 447.44M | 448.14M | 364.93M | 398.72M | 375.83M | 365.27M | 296.59M | 323.58M | 351.44M | 327.8M | 325.44M | 328.46M | 358.16M | 361.24M | 352.08M | 329.89M | 364.5M | 369.42M | 330.23M |
| Days Payables Outstanding | 52.64 | 52.87 | 50.66 | 50.03 | 53.17 | 49.35 | 46.58 | 43.76 | 49.42 | 48.46 | 48.5 | 43.75 | 47.66 | 47.88 | 47.2 | 50.36 | 51.02 | 52.62 | 52.85 | 51.48 |
| Short-Term Debt | 0 | 0 | 163.5M | 143.78M | 88.2M | 105.32M | 109.62M | 110.52M | 111.99M | 6.25M | 4.72M | 2.44M | 20.18M | 21.94M | 49.34M | 103.86M | 78.34M | 135.03M | 160.96M | 62.95M |
| Deferred Revenue (Current) | 106.1M | 0 | 0 | 0 | 0 | 96.25M | 0 | 0 | 0 | 94.1M | 93.01M | 92.48M | 119.28M | 133.56M | 0 | 113.53M | 74.32M | 95.52M | 103.38M | 112.5M |
| Other Current Liabilities | 186.48M | 440.65M | 408.72M | 447.98M | 552.5M | 266.97M | 482.13M | 416.42M | 501.96M | 159.32M | 195.38M | 207.95M | 133.1M | 137.93M | 425.36M | 171.13M | 154.14M | 164.38M | 184.1M | 138.43M |
| Current Ratio | 1.91x | 1.98x | 1.83x | 1.82x | 1.71x | 1.68x | 1.78x | 1.87x | 1.85x | 2.06x | 2.24x | 2.24x | 2.07x | 2.03x | 1.93x | 1.83x | 1.70x | 1.62x | 1.54x | 1.71x |
| Quick Ratio | 1.18x | 1.20x | 1.15x | 1.16x | 1.07x | 1.08x | 1.19x | 1.25x | 1.20x | 1.31x | 1.49x | 1.50x | 1.31x | 1.20x | 1.13x | 1.05x | 0.93x | 0.91x | 0.89x | 0.99x |
| Cash Conversion Cycle | 72.47 | 73.06 | 77.67 | 79.87 | 81.41 | 78.95 | 81.02 | 82.81 | 90.32 | 86.6 | 89.68 | 85.87 | 95.65 | 92.45 | 90.61 | 98.71 | 94.44 | 88.65 | 82.58 | 84.56 |
| Total Non-Current Liabilities | 1.38B | 1.37B | 1.37B | 1.35B | 1.36B | 1.32B | 1.32B | 1.31B | 1.37B | 1.32B | 1.32B | 1.31B | 1.29B | 1.3B | 1.29B | 1.29B | 907.41M | 925.15M | 945.63M | 972.49M |
| Long-Term Debt | 1.15B | 1.15B | 1.31B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.11B | 1.11B | 711.25M | 712.91M | 715.03M | 717.09M |
| Capital Lease Obligations | 43.5M | 0 | 0 | 0 | 0 | 40.56M | 39.45M | 42.12M | 46.33M | 42.51M | 40.75M | 41.58M | 41.75M | 42.6M | 0 | 35.95M | 36.64M | 35.61M | 40.42M | 38.96M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 52.1M | 0 | 0 | 0 | 10.46M | 0 | 0 | 0 | 13.15M | 0 | 0 | 0 | 17.02M | 0 | 0 | 0 | 56.72M |
| Other Non-Current Liabilities | 189.72M | 220.99M | 55.14M | 151.44M | 210.73M | 131.56M | 125.13M | 110.77M | 177.07M | 177.84M | 179.59M | 156.34M | 147.56M | 152.5M | 181.4M | 130.25M | 159.52M | 176.63M | 190.18M | 159.73M |
| Total Liabilities | 2.34B | 2.26B | 2.39B | 2.31B | 2.4B | 2.35B | 2.28B | 2.19B | 2.33B | 2.1B | 2.07B | 2.07B | 2.1B | 2.11B | 2.13B | 2.15B | 1.73B | 1.83B | 1.87B | 1.73B |
| Total Debt | 1.21B | 1.15B | 1.48B | 1.29B | 1.24B | 1.31B | 1.31B | 1.32B | 1.32B | 1.16B | 1.16B | 1.16B | 1.16B | 1.17B | 1.16B | 1.25B | 826.22M | 883.55M | 916.41M | 819M |
| Net Debt | 924.71M | 907.61M | 1.18B | 982.54M | 945.52M | 1.01B | 917.67M | 939.05M | 918.51M | 887.71M | 786.36M | 766.1M | 822.12M | 947.96M | 961.16M | 1.05B | 684.92M | 730.75M | 762.03M | 626.04M |
| Debt / Equity | 0.78x | 0.74x | 0.98x | 0.88x | 0.88x | 0.95x | 0.98x | 0.99x | 0.99x | 0.88x | 0.89x | 0.89x | 0.95x | 0.97x | 1.03x | 1.21x | 0.89x | 0.97x | 1.06x | 0.95x |
| Debt / EBITDA | 5.08x | 4.60x | 6.82x | 6.01x | 5.95x | 6.38x | 7.08x | 6.58x | 7.86x | 6.84x | 6.22x | 5.13x | 6.04x | 5.84x | 6.25x | 7.79x | 5.12x | 4.71x | 5.06x | 5.81x |
| Net Debt / EBITDA | 3.89x | 3.63x | 5.44x | 4.57x | 4.54x | 4.92x | 4.95x | 4.69x | 5.46x | 5.23x | 4.21x | 3.39x | 4.26x | 4.74x | 5.18x | 6.56x | 4.24x | 3.90x | 4.21x | 4.44x |
| Interest Coverage | 18.63x | 18.20x | 13.96x | 12.32x | 11.04x | 13.26x | 11.17x | 16.69x | 13.92x | 17.14x | 19.71x | 19.76x | 17.58x | 15.31x | 12.30x | 15.60x | 19.07x | 26.25x | 26.03x | 21.60x |
| Total Equity | 1.55B | 1.55B | 1.51B | 1.47B | 1.41B | 1.38B | 1.34B | 1.33B | 1.34B | 1.31B | 1.31B | 1.31B | 1.23B | 1.2B | 1.13B | 1.03B | 924.23M | 912.98M | 863.06M | 863.91M |
| Equity Growth % | 9.9% | 12.65% | 12.77% | 10.72% | 5.63% | 5.08% | 2.47% | 1.42% | 9.27% | 9.28% | 16.23% | 26.58% | 32.61% | 31.59% | 30.38% | 19.69% | 7.73% | 6.21% | 7.42% | 9.32% |
| Book Value per Share | 28.33 | 28.21 | 27.32 | 26.52 | 25.45 | 24.65 | 23.71 | 23.36 | 23.47 | 22.89 | 22.69 | 22.60 | 21.08 | 20.61 | 19.26 | 17.69 | 15.79 | 15.56 | 14.56 | 14.49 |
| Total Shareholders' Equity | 1.55B | 1.55B | 1.51B | 1.47B | 1.41B | 1.38B | 1.34B | 1.33B | 1.34B | 1.31B | 1.31B | 1.31B | 1.23B | 1.2B | 1.13B | 1.03B | 924.32M | 913.06M | 863.12M | 864.1M |
| Common Stock | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M | 9.86M |
| Retained Earnings | 4.65B | 4.55B | 4.44B | 4.34B | 4.25B | 4.17B | 4.07B | 3.99B | 3.89B | 3.83B | 3.77B | 3.69B | 3.58B | 3.48B | 3.39B | 3.31B | 3.24B | 3.16B | 3.06B | 2.97B |
| Treasury Stock | -3.51B | -3.41B | -3.33B | -3.28B | -3.23B | -3.17B | -3.05B | -2.94B | -2.89B | -2.84B | -2.79B | -2.68B | -2.62B | -2.57B | -2.52B | -2.49B | -2.46B | -2.44B | -2.41B | -2.31B |
| Accumulated OCI | -222.44M | -213.5M | -213.77M | -205.93M | -211.91M | -210.66M | -270.91M | -300.13M | -235.83M | -249.91M | -239.45M | -229.85M | -265.83M | -236.19M | -250.84M | -275.3M | -329.45M | -285.2M | -259.51M | -257.39M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53K | -99K | -91K | -78K | -58K | -193K |