Is it safe?
Can LECO take a bad year?
Lincoln Electric Holdings, Inc. carries $1.01B of net debt at 1.21× EBITDA: a load its earnings can carry.
$1.01B
Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.21×
Net debt / EBITDA · 1.18× a year ago · the load is going up
- Altman Z-score
- 7.50
Altman Z-score · safe zone, above 3
- Interest cover
- 12.6×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ1 2026
- $1.31B
- Cash and short-term investments
- $299M
- Net debt
- $1.01B
- EBITDA, trailing twelve months
- $840M
- Operating profit, trailing twelve months
- $739M
- Debt / equity
- 0.87×
- Total debt / EBITDA
- 1.56×
- Annualised volatilitytwo years of daily moves
- 30%
- Worst drawdown on file
- −39%
- Below its 52-week high
- −2.6%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Tools & Accessories
Ranks #5 of 8 by Smart Score