LCI Industries (FRA:0DI) Debt-to-Equity : 0.82 (As of Dec. 2023)

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What is LCI Industries Debt-to-Equity?

LCI Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €34 Mil. LCI Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €981 Mil. LCI Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,243 Mil. LCI Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

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 LCI Industries's Debt-to-Equity or its related term are showing as below:

FRA:0DI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.62 Max: 1.35
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of LCI Industries was 1.35. The lowest was 0.04. And the median was 0.62.

FRA:0DI's Debt-to-Equity is ranked worse than
67.8% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs FRA:0DI: 0.82

LCI Industries Debt-to-Equity Historical Data

The historical data trend for LCI Industries'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.

LCI Industries Debt-to-Equity Chart

LCI Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.92

0.93

1.35

1.00

0.82

LCI Industries 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															1.00	0.99	0.87	0.84	0.82

Competitive Comparison of LCI Industries's Debt-to-Equity

For the Recreational Vehicles subindustry, LCI Industries'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.

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

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

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

LCI Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LCI Industries'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
	=	(33.799	+	980.744)	/	1242.568
	=	0.82

LCI Industries'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
	=	(33.799	+	980.744)	/	1242.568
	=	0.82

LCI Industries (FRA:0DI) 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.

LCI Industries Debt-to-Equity Related Terms

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

LCI Industries (FRA:0DI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LCI Industries Inc (FRA:0DI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LCII:USA

Address

3501 County Road 6 East, Elkhart, IN, USA, 46514

Website

https://www.lci1.com

LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.

LCI Industries (FRA:0DI) Headlines

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