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Lazard's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0 Mil. Lazard's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $2,193 Mil. Lazard's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $636 Mil. Lazard's debt to equity for the quarter that ended in Dec. 2024 was 3.45.
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 Lazard's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Lazard was 5.13. The lowest was 0.76. And the median was 2.40.
The historical data trend for Lazard'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.
Lazard Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial |
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2.51 | 2.30 | 3.96 | 5.13 | 3.45 |
Lazard Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Debt-to-Equity | Get a 7-Day Free Trial |
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5.13 | 5.91 | 5.18 | 3.80 | 3.45 |
For the Capital Markets subindustry, Lazard'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, Lazard's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lazard's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Lazard's Debt to Equity Ratio for the fiscal year that ended in Dec. 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 | |
= | (0 | + | 2192.535) | / | 636.24 | |
= | 3.45 |
Lazard's Debt to Equity Ratio for the quarter that ended in Dec. 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 | |
= | (0 | + | 2192.535) | / | 636.24 | |
= | 3.45 |
* 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.
Lazard (NYSE:LAZ) 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 Lazard's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Evan L Russo | officer: Chief Financial Officer | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
Kenneth M Jacobs | director, officer: Chairman and CEO | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Michael Gathy | officer: Chief Accounting Officer | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
Christian A. Weideman | officer: General Counsel | C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Alexander F. Stern | officer: Chief Operating Officer | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Mary Ann Betsch | officer: Chief Financial Officer | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
Lewis William M Jr | director | 9 WEST 57TH STREET, NEW YORK NY 10019 |
Scott D Hoffman | officer: General Counsel | C/O LAZARD LLC, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020 |
Dominick Ragone | officer: Chief Accounting Officer | 767 5TH AVENUE, SUITE 4700, NEW YORK NY 10153 |
Ann-kristin Achleitner | director | THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY |
Ashish Bhutani | director, officer: CEO of Lazard Asset Management | |
Peter Richard Orszag | officer: CEO of Financial Advisory | 30 ROCKEFELLER PLAZA, LAZARD, NEW YORK NY 10112 |
Alexandra Soto | officer: Exec Human Capital & Workplace | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
Iris Knobloch | director | ONE TIME WARNER CENTER, NEW YORK NY 10019 |
Michelle Jarrard | director | C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
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