Lear's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $180 Mil. Lear's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,743 Mil. Lear's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,919 Mil.
Lear's debt to equity for the quarter that ended in Dec. 2023 was 0.59.
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 Lear's Debt-to-Equity or its related term are showing as below:
LEA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 0.58 Max: 0.67
Current: 0.59
During the past 13 years, the highest Debt-to-Equity Ratio of Lear was 0.67. The lowest was 0.47. And the median was 0.58.
Lear Debt-to-Equity Historical Data
The historical data trend for Lear'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.
|
Lear Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
|
|
|
|
|
0.56 |
0.54 |
0.59 |
0.59 |
0.59 |
|
Lear 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.59 |
0.54 |
0.56 |
0.57 |
0.59 |
Competitive Comparison
For the Auto Parts subindustry, Lear'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.
Lear Debt-to-Equity Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Lear's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lear's Debt-to-Equity falls into.
Lear Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Lear's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Lear's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.
Lear (LEA) Business Description
Traded in Other Exchanges
Address
21557 Telegraph Road, Southfield, MI, USA, 48033
Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.
Executives
| Raymond E Scott |
director, officer: President & CEO |
|
| Carl A. Esposito |
officer: SVP & President, E-Systems |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Jason M Cardew |
officer: SVP & CFO |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Frank C Orsini |
officer: EVP & President, Seating |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Mallett Conrad L Jr |
director |
|
| Greg C Smith |
director |
FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124 |
| Marianne Vidershain |
officer: VP, Treasurer |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Jonathan F Foster |
director |
777 THIRD AVE, 30TH FL, NEW YORK NY 10017 |
| Thomas A Didonato |
officer: SVP & CAO |
AMERICAN EAGLE OUTFITTERS, INC., 150 THORN HILL DRIVE, WARRENDALE PA 15095 |
| Alicia J. Davis |
officer: SVP, Corp Dev & Inv Relations |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
| Roger A Krone |
director |
|
| Patricia L Lewis |
director |
C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343 |
| Bradley M Halverson |
director |
100 N.E. ADAMS STREET, PEORIA IL 61629 |
| Shari L Burgess |
officer: VP & Treasurer |
|
| Harry Albert Kemp |
officer: SVP, Gen Counsel & Corp Sec |
21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033 |
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