Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Debt-to-Equity : -4.09 (As of Mar. 2024)

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What is Lindblad Expeditions Holdings Debt-to-Equity?

Lindblad Expeditions Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.8 Mil. Lindblad Expeditions Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $622.7 Mil. Lindblad Expeditions Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-152.8 Mil. Lindblad Expeditions Holdings's debt to equity for the quarter that ended in Mar. 2024 was -4.09.

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: 1.47 Max: 103.32
Current: -4.09

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 1.47.

LIND's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs LIND: -4.09

Lindblad Expeditions Holdings Debt-to-Equity Historical Data

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.

* Premium members only.

Lindblad Expeditions Holdings Debt-to-Equity Chart

Lindblad Expeditions Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.82

4.11

103.32

-4.88

-4.12

Lindblad Expeditions Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-5.11	-4.67	-4.96	-4.12	-4.09

Competitive Comparison of Lindblad Expeditions Holdings's Debt-to-Equity

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's Debt-to-Equity Distribution in the 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.

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. 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
	=	(1.97	+	621.778)	/	-151.55
	=	-4.12

Lindblad Expeditions Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1.803	+	622.676)	/	-152.75
	=	-4.09

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

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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lindblad Expeditions Holdings Inc (NAS:LIND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LI4:Germany

Address

96 Morton Street, 9th Floor, New York, NY, USA, 10014

Website

https://www.expeditions.com

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. The company 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 nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.

Executives

Alex P Schultz	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S.	director	2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr	director	C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds	director	PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden	director	305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad	director, 10 percent owner	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson	director
Mark Ein	director
Noah Brodsky	officer: Chief Commercial Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle	director, officer: CEO	2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler	officer: President of Natural Habitat	833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus	officer: Chief Expedition Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein	officer: Chief Financial Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman	officer: Chief Commercial and Marketing	1334 YORK AVENUE, NEW YORK X1 10021