LIND (Lindblad Expeditions Holdings) Debt-to-Equity: -3.50 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LIND Lindblad Expeditions Holdings Inc LIND
65 GF Score
Price $26.85
GF Value $13.22
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Lindblad Expeditions Holdings Debt-to-Equity?

Lindblad Expeditions Holdings LIND -0.78% 65 Debt-to-Equity is -3.50 as of Mar. 2026. GuruFocus rates LIND with a GF Score™ of 65/100 and a GF Value™ of $13.22 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 719 Travel & Leisure companies, Lindblad Expeditions Holdings ranks worse than 139081.92% on this metric.

Lindblad Expeditions Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1.5 Mil. Lindblad Expeditions Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $663.2 Mil. Lindblad Expeditions Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-190.1 Mil. Lindblad Expeditions Holdings's debt to equity for the quarter that ended in Mar. 2026 was -3.50.

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 Lindblad Expeditions Holdings's Debt-to-Equity or its related term are showing as below:

LIND' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.01   Med: 1.44   Max: 103.32
Current: -3.5

During the past 13 years, the highest Debt-to-Equity Ratio of Lindblad Expeditions Holdings was 103.32. The lowest was -15.01. And the median was 1.44.

LIND's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.43 vs LIND: -3.50

Lindblad Expeditions Holdings  (NAS:LIND) 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.


Lindblad Expeditions Holdings Debt-to-Equity Related Terms


Lindblad Expeditions Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Lindblad Expeditions 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.

Lindblad Expeditions Holdings Debt-to-Equity Chart

Lindblad Expeditions Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.32 -4.88 -4.12 -3.59 -3.30

Lindblad Expeditions Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.49 -2.38 -2.59 -3.30 -3.50

LIND vs TRIP, PRSU, YTRA: Debt-to-Equity Comparison

For the Travel Services subindustry, Lindblad Expeditions 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.


Lindblad Expeditions Holdings Debt-to-Equity vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Lindblad Expeditions Holdings's Debt-to-Equity falls into.


LIND
65GF Score
Lindblad Expeditions Holdings Inc LIND
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lindblad Expeditions Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lindblad Expeditions Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Lindblad Expeditions Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -3.50 mean?
Lindblad Expeditions Holdings (LIND) has a Debt-to-Equity of -3.50 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lindblad Expeditions Holdings and its competitors. According to the industry distribution chart, Lindblad Expeditions Holdings ranks #999999 out of 719 companies in the Travel & Leisure industry.
Is Lindblad Expeditions Holdings' Debt-to-Equity too high?
Lindblad Expeditions Holdings' current Debt-to-Equity is -3.50. Based on the distribution chart, Lindblad Expeditions Holdings ranks #999999 out of 719 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Lindblad Expeditions Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lindblad Expeditions Holdings' Debt-to-Equity compare to TRIP and PRSU?
According to the Travel & Leisure industry distribution chart, Lindblad Expeditions Holdings ranks #999999 out of 719 companies for Debt-to-Equity. This places Lindblad Expeditions Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Travel & Leisure company?
The median Debt-to-Equity among Travel & Leisure companies is 0.43, based on 719 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lindblad Expeditions Holdings and its competitors. For the Travel & Leisure industry, the median Debt-to-Equity is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lindblad Expeditions Holdings's current Debt-to-Equity is -3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lindblad Expeditions Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings (LIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.22, compared to a current price of $26.85 — trading 103.1% above its estimated fair value. The current Debt-to-Equity is -3.50. Lindblad Expeditions Holdings' overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Lindblad Expeditions Holdings (LIND), the current Debt-to-Equity is -3.50 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lindblad Expeditions Holdings (LIND) Overvalued in 2026?

Based on GuruFocus' analysis, Lindblad Expeditions Holdings stock appears to be overvalued. The current stock price of $26.85 is trading 103.1% above its estimated GF Value™ of $13.22. GuruFocus considers Lindblad Expeditions Holdings to be Significantly Overvalued.

Key valuation signals for LIND:

  • Debt-to-Equity: -3.50
  • GF Value™: $13.22 vs. price of $26.85 (103.1% above fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the LIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lindblad Expeditions Holdings Business Description

Other Exchanges LI4:Germany
Address 11 West 42nd Street, Suite 22 B3, New York, NY, USA, 10036
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
65GF Score

Get the complete analysis for LIND

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.85
Price
$13.22
GF Value