LPL Financial Holdings (LPL Financial Holdings) Debt-to-Equity

: 1.91 (As of Dec. 2023)

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LPL Financial Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. LPL Financial Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3,963 Mil. LPL Financial Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,079 Mil. LPL Financial Holdings's debt to equity for the quarter that ended in Dec. 2023 was 1.91.

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:

LPLA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.36 Med: 2.26 Max: 3.14
Current: 1.91

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 2.26.

LPLA's Debt-to-Equity is ranked worse than
87.15% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs LPLA: 1.91

LPL Financial Holdings Debt-to-Equity Historical Data

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.

* Premium members only.

LPL Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.59

1.97

1.83

1.36

1.91

LPL Financial Holdings 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																1.36	1.40	1.52	1.61	1.91

Competitive Comparison

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.

LPL Financial Holdings Debt-to-Equity Distribution

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.

LPL Financial Holdings Debt-to-Equity Calculation

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 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 (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.

LPL Financial Holdings Debt-to-Equity Related Terms

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LPL Financial Holdings (LPL Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LPL Financial Holdings Inc (NAS:LPLA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7LI:Germany

Address

4707 Executive Drive, San Diego, CA, USA, 92121

Website

https://www.lpl.com

LPL Financial Holdings is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. As of the end of 2022, the company had nearly 20,000 advisors on its platform managing over $1 trillion of client assets.

Executives

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