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LPL Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $401 Mil. LPL Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,680 Mil. LPL Financial Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,270 Mil. LPL Financial Holdings's debt to equity for the quarter that ended in Mar. 2024 was 1.80.
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 LPL Financial Holdings's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of LPL Financial Holdings was 3.14. The lowest was 1.36. And the median was 2.06.
The historical data trend for LPL Financial Holdings'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.
LPL Financial Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 2.59 | 1.97 | 1.83 | 1.36 | 1.91 |
LPL Financial Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 1.40 | 1.52 | 1.61 | 1.91 | 1.80 |
For the Capital Markets subindustry, LPL Financial Holdings'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.
For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where LPL Financial Holdings's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
LPL Financial Holdings'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 | |
= | (0 | + | 3963.053) | / | 2078.979 | |
= | 1.91 |
LPL Financial Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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 | |
= | (401 | + | 3680.077) | / | 2269.881 | |
= | 1.80 |
* 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.
LPL Financial Holdings (NAS:LPLA) 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.
Thank you for viewing the detailed overview of LPL Financial Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sallie R. Larsen | officer: MD, Chief Human Cap. Officer | ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02018 |
Aneri Jambusaria | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Dan H. Arnold | officer: MD & Division President, FIS | C/O LPL INVESTMENT HOLDINGS INC., ONE BEACON STREET, BOSTON MA 02108 |
Richard Steinmeier | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109 |
Althea Brown | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Matthew Enyedi | officer: Managing Director | C/O LPL FINANCIAL HOLDINGS, INC., 75 STATE STREET, 22ND FLOOR, BOSTON MA 02109 |
Glavin William Francis Jr | director | 6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112 |
Richard P Schifter | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Michelle Oroschakoff | officer: MD, Chief Risk Officer | 75 STATE STREET, 24TH FLOOR, BOSTON MA 02109 |
Matthew J Audette | officer: Chief Financial Officer | C/O DAVIS POLK & WARDWELL, 450 LEXINGTON AVENUE, NEW YORK NY 10017 |
Albert J Ko | director | C/O LPL FINANCIAL HOLDINGS INC., 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Brent Simonich | officer: EVP, CAO and Treasurer | C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992 |
Kabir Sethi | officer: Managing Director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
Edward Fandrey | officer: Managing Director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 92121 |
George Burton White | officer: MD, Chief Investment Officer | ONE BEACON STREET, 22ND FLOOR, BOSTON MA 02108 |
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