Lincoln Net Debt vs Total Assets Analysis

LECO Stock

USD 191.58 7.57 3.80%

Lincoln Electric financial indicator trend analysis is infinitely more than just investigating Lincoln Electric Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Lincoln Electric Holdings is a good investment. Please check the relationship between Lincoln Electric Net Debt and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln Electric Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Lincoln Electric Holdings Net Debt account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Lincoln Electric's Net Debt and Total Assets is 0.41. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Lincoln Electric Holdings, assuming nothing else is changed. The correlation between historical values of Lincoln Electric's Net Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Lincoln Electric Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Lincoln Electric's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Lincoln Electric assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Lincoln Electric Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Lincoln Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lincoln Electric Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln Electric Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Lincoln Electric's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 18th of December 2024, Enterprise Value Multiple is likely to grow to 16.86, while Selling General Administrative is likely to drop about 451.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.1B	1.3B	1.5B	746.9M
Total Revenue	3.2B	3.8B	4.2B	2.3B

Gross Profit Total Revenue

Lincoln Electric fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.56	0.6	0.94	0.52	0.94	0.41	0.75	0.95	0.49	0.77	0.28	0.45	0.97	0.03	0.62	0.9	-0.04	-0.69	0.7	0.61	0.96	0.23	0.92	0.83	0.83
Short Long Term Debt Total	0.56		0.63	0.58	-0.23	0.41	0.74	0.83	0.57	0.02	0.81	0.36	0.06	0.52	-0.61	0.99	0.56	-0.5	-0.93	0.96	0.76	0.46	0.01	0.47	0.21	0.2
Other Current Liab	0.6	0.63		0.63	0.15	0.67	0.68	0.72	0.6	0.07	0.77	0.35	0.02	0.61	-0.15	0.68	0.63	-0.23	-0.7	0.74	0.63	0.51	0.39	0.55	0.42	0.41
Total Current Liabilities	0.94	0.58	0.63		0.4	0.86	0.55	0.73	0.97	0.25	0.75	0.32	0.22	0.94	-0.09	0.61	0.97	-0.21	-0.71	0.72	0.7	0.89	0.44	0.86	0.68	0.68
Total Stockholder Equity	0.52	-0.23	0.15	0.4		0.65	-0.17	0.26	0.39	0.6	0.32	-0.27	0.5	0.56	0.76	-0.17	0.41	0.39	0.05	-0.02	0.19	0.62	0.22	0.49	0.71	0.71
Property Plant And Equipment Net	0.94	0.41	0.67	0.86	0.65		0.35	0.73	0.87	0.53	0.75	0.22	0.46	0.93	0.21	0.5	0.82	0.04	-0.61	0.6	0.53	0.91	0.21	0.85	0.87	0.87
Net Debt	0.41	0.74	0.68	0.55	-0.17	0.35		0.62	0.44	-0.43	0.7	0.05	-0.47	0.45	-0.63	0.7	0.63	-0.83	-0.69	0.74	0.8	0.25	0.36	0.36	-0.04	-0.05
Retained Earnings	0.75	0.83	0.72	0.73	0.26	0.73	0.62		0.71	0.31	0.97	0.3	0.27	0.7	-0.16	0.87	0.68	-0.28	-0.93	0.92	0.81	0.69	0.07	0.67	0.59	0.58
Accounts Payable	0.95	0.57	0.6	0.97	0.39	0.87	0.44	0.71		0.3	0.73	0.48	0.31	0.92	-0.08	0.62	0.91	-0.07	-0.7	0.71	0.61	0.89	0.27	0.9	0.7	0.7
Cash	0.49	0.02	0.07	0.25	0.6	0.53	-0.43	0.31	0.3		0.22	0.05	0.92	0.44	0.58	0.1	0.15	0.6	-0.15	0.12	-0.03	0.62	-0.18	0.37	0.81	0.81
Non Current Assets Total	0.77	0.81	0.77	0.75	0.32	0.75	0.7	0.97	0.73	0.22		0.24	0.18	0.75	-0.16	0.85	0.75	-0.34	-0.88	0.92	0.86	0.69	0.15	0.69	0.53	0.52
Non Currrent Assets Other	0.28	0.36	0.35	0.32	-0.27	0.22	0.05	0.3	0.48	0.05	0.24		0.15	0.17	-0.25	0.43	0.17	0.18	-0.46	0.39	0.09	0.2	-0.19	0.35	0.22	0.22
Cash And Short Term Investments	0.45	0.06	0.02	0.22	0.5	0.46	-0.47	0.27	0.31	0.92	0.18	0.15		0.4	0.49	0.14	0.1	0.66	-0.14	0.15	-0.07	0.61	-0.25	0.3	0.71	0.71
Net Receivables	0.97	0.52	0.61	0.94	0.56	0.93	0.45	0.7	0.92	0.44	0.75	0.17	0.4		0.04	0.57	0.93	-0.09	-0.61	0.67	0.66	0.96	0.34	0.84	0.75	0.75
Common Stock Shares Outstanding	0.03	-0.61	-0.15	-0.09	0.76	0.21	-0.63	-0.16	-0.08	0.58	-0.16	-0.25	0.49	0.04		-0.54	-0.11	0.73	0.44	-0.44	-0.31	0.19	0.14	0.05	0.48	0.48
Non Current Liabilities Total	0.62	0.99	0.68	0.61	-0.17	0.5	0.7	0.87	0.62	0.1	0.85	0.43	0.14	0.57	-0.54		0.58	-0.42	-0.95	0.98	0.74	0.52	-0.01	0.51	0.3	0.29
Inventory	0.9	0.56	0.63	0.97	0.41	0.82	0.63	0.68	0.91	0.15	0.75	0.17	0.1	0.93	-0.11	0.58		-0.31	-0.64	0.7	0.76	0.84	0.52	0.81	0.59	0.59
Other Current Assets	-0.04	-0.5	-0.23	-0.21	0.39	0.04	-0.83	-0.28	-0.07	0.6	-0.34	0.18	0.66	-0.09	0.73	-0.42	-0.31		0.41	-0.42	-0.59	0.11	-0.17	0.03	0.36	0.37
Other Stockholder Equity	-0.69	-0.93	-0.7	-0.71	0.05	-0.61	-0.69	-0.93	-0.7	-0.15	-0.88	-0.46	-0.14	-0.61	0.44	-0.95	-0.64	0.41		-0.96	-0.74	-0.58	-0.01	-0.63	-0.45	-0.44
Total Liab	0.7	0.96	0.74	0.72	-0.02	0.6	0.74	0.92	0.71	0.12	0.92	0.39	0.15	0.67	-0.44	0.98	0.7	-0.42	-0.96		0.83	0.62	0.11	0.58	0.38	0.37
Property Plant And Equipment Gross	0.61	0.76	0.63	0.7	0.19	0.53	0.8	0.81	0.61	-0.03	0.86	0.09	-0.07	0.66	-0.31	0.74	0.76	-0.59	-0.74	0.83		0.56	0.36	0.46	0.27	0.26
Total Current Assets	0.96	0.46	0.51	0.89	0.62	0.91	0.25	0.69	0.89	0.62	0.69	0.2	0.61	0.96	0.19	0.52	0.84	0.11	-0.58	0.62	0.56		0.27	0.82	0.86	0.86
Short Term Debt	0.23	0.01	0.39	0.44	0.22	0.21	0.36	0.07	0.27	-0.18	0.15	-0.19	-0.25	0.34	0.14	-0.01	0.52	-0.17	-0.01	0.11	0.36	0.27		0.17	0.08	0.08
Intangible Assets	0.92	0.47	0.55	0.86	0.49	0.85	0.36	0.67	0.9	0.37	0.69	0.35	0.3	0.84	0.05	0.51	0.81	0.03	-0.63	0.58	0.46	0.82	0.17		0.78	0.78
Common Stock Total Equity	0.83	0.21	0.42	0.68	0.71	0.87	-0.04	0.59	0.7	0.81	0.53	0.22	0.71	0.75	0.48	0.3	0.59	0.36	-0.45	0.38	0.27	0.86	0.08	0.78		1.0
Common Stock	0.83	0.2	0.41	0.68	0.71	0.87	-0.05	0.58	0.7	0.81	0.52	0.22	0.71	0.75	0.48	0.29	0.59	0.37	-0.44	0.37	0.26	0.86	0.08	0.78	1.0

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Lincoln Electric Account Relationship Matchups

Lincoln Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4B	2.3B	2.6B	3.2B	3.4B	1.8B
Short Long Term Debt Total	747.3M	718.2M	769.8M	1.2B	1.2B	1.2B
Other Current Liab	563.1M	309.1M	362.7M	397.0M	413.6M	434.3M
Total Current Liabilities	563.1M	549.4M	755.9M	852.9M	754.6M	414.0M
Total Stockholder Equity	819.1M	790.3M	863.9M	1.0B	1.3B	886.8M
Property Plant And Equipment Net	529.3M	522.1M	511.7M	544.9M	628.6M	425.9M
Net Debt	547.7M	460.9M	576.9M	1.0B	766.1M	804.4M
Retained Earnings	2.7B	2.8B	3.0B	3.3B	3.7B	3.9B
Accounts Payable	273.0M	226.1M	330.2M	352.1M	325.4M	172.0M
Cash	199.6M	257.3M	193.0M	197.2M	393.8M	218.1M
Non Current Assets Total	1.3B	1.2B	1.3B	1.6B	1.7B	1.8B
Non Currrent Assets Other	766.3M	188.1M	791.0M	167.8M	107.5M	185.5M
Cash And Short Term Investments	199.6M	257.3M	193.0M	197.2M	393.8M	226.9M
Net Receivables	374.6M	373.5M	429.1M	541.5M	580.6M	315.8M
Common Stock Shares Outstanding	62.7M	60.2M	60.1M	58.7M	58.2M	63.2M
Liabilities And Stockholders Equity	2.4B	2.3B	2.6B	3.2B	3.4B	1.8B
Non Current Liabilities Total	989.0M	974.8M	972.5M	1.3B	1.3B	1.4B
Inventory	393.7M	381.3M	539.9M	665.5M	562.9M	332.1M
Other Current Assets	681.8M	100.3M	127.6M	153.7M	155.8M	148.0M
Other Stockholder Equity	(1.7B)	(1.7B)	(1.9B)	(2.0B)	(2.2B)	(2.1B)
Total Liab	1.6B	1.5B	1.7B	2.1B	2.1B	2.2B
Property Plant And Equipment Gross	529.3M	522.1M	1.4B	1.4B	1.5B	1.5B
Total Current Assets	1.1B	1.1B	1.3B	1.6B	1.7B	967.1M
Accumulated Other Comprehensive Income	(275.9M)	(302.2M)	(257.4M)	(275.3M)	(229.8M)	(241.3M)
Short Term Debt	35.0M	14.2M	62.9M	103.9M	15.5M	30.0M
Intangible Assets	177.8M	134.5M	149.4M	202.7M	186.7M	96.6M
Other Liab	237.6M	259.3M	255.4M	147.3M	169.4M	169.0M
Other Assets	196.9M	210.0M	791.0M	165.1M	189.9M	140.0M
Long Term Debt	712.3M	715.5M	717.1M	1.1B	1.1B	1.2B
Good Will	337.1M	335.6M	430.2M	665.3M	694.5M	729.2M
Treasury Stock	(2.0B)	(2.1B)	(2.3B)	(2.5B)	(2.2B)	(2.1B)
Property Plant Equipment	529.3M	522.1M	511.7M	544.9M	626.6M	462.1M
Current Deferred Revenue	(308.0M)	128.9M	141.5M	18.3M	92.5M	97.1M
Net Tangible Assets	303.3M	319.2M	863.9M	166.2M	149.6M	142.1M
Noncontrolling Interest In Consolidated Entity	905K	979K	(193K)	(99K)	(89.1K)	(84.6K)
Retained Earnings Total Equity	2.7B	2.8B	3.0B	3.3B	3.8B	2.5B

Pair Trading with Lincoln Electric

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lincoln Electric position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lincoln Electric will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lincoln Stock

0.88	KMT	Kennametal	Pair Corr
0.8	RBC	RBC Bearings	Pair Corr
0.9	SNA	Snap On	Pair Corr

Moving against Lincoln Stock

0.78	SWK	Stanley Black Decker	Pair Corr
0.71	EML	Eastern	Pair Corr
0.7	QEPC	QEP Co Inc	Pair Corr
0.67	TKR	Timken Company	Pair Corr

The ability to find closely correlated positions to Lincoln Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lincoln Electric when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lincoln Electric - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lincoln Electric Holdings to buy it.

The correlation of Lincoln Electric is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lincoln Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lincoln Electric Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Lincoln Electric can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Lincoln Electric Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lincoln Electric's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lincoln Electric Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lincoln Electric Holdings Stock:

How To Invest In Lincoln

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Is Lincoln Stock a good investment?

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What is Lincoln Electric's Net Worth?

Details

Largest Industrial Machinery & Supplies & Components Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln Electric Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lincoln Electric. If investors know Lincoln will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lincoln Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.20)

Dividend Share

2.84

Earnings Share

8.38

Revenue Per Share

71.184

Quarterly Revenue Growth

(0.05)

The market value of Lincoln Electric Holdings is measured differently than its book value, which is the value of Lincoln that is recorded on the company's balance sheet. Investors also form their own opinion of Lincoln Electric's value that differs from its market value or its book value, called intrinsic value, which is Lincoln Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lincoln Electric's market value can be influenced by many factors that don't directly affect Lincoln Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Lincoln Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lincoln Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lincoln Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Lincoln Net Debt vs Total Assets Analysis

Net Debt vs Total Assets

Net Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Assets

Lincoln Electric fundamental ratios Correlations

Lincoln Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lincoln Electric fundamental ratios Accounts

Pair Trading with Lincoln Electric

Moving together with Lincoln Stock

Moving against Lincoln Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Non Current Liabilities Total
Net Receivables	+ 0.97	Total Assets
Accounts Payable	+ 0.97	Total Current Liabilities
Inventory	+ 0.97	Total Current Liabilities

Total Liab	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.95	Non Current Liabilities Total
Other Stockholder Equity	- 0.93	Retained Earnings
Other Stockholder Equity	- 0.93	Short Long Term Debt Total
Other Stockholder Equity	- 0.88	Non Current Assets Total
Other Current Assets	- 0.83	Net Debt