Loar Holdings (Loar Holdings) Debt-to-Equity : 1.29 (As of Mar. 2024)

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What is Loar Holdings Debt-to-Equity?

Loar Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.71 Mil. Loar Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $536.28 Mil. Loar Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $420.65 Mil. Loar Holdings's debt to equity for the quarter that ended in Mar. 2024 was 1.29.

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

LOAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.18 Med: 1.29 Max: 1.31
Current: 1.29

During the past 2 years, the highest Debt-to-Equity Ratio of Loar Holdings was 1.31. The lowest was 1.18. And the median was 1.29.

LOAR's Debt-to-Equity is ranked worse than
82.95% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs LOAR: 1.29

Loar Holdings Debt-to-Equity Historical Data

The historical data trend for Loar 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.

Loar Holdings Debt-to-Equity Chart

Loar Holdings Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

1.18

1.31

Loar Holdings Quarterly Data
	Dec22	Mar23	Dec23	Mar24
Debt-to-Equity	1.18	N/A	1.31	1.29

Competitive Comparison of Loar Holdings's Debt-to-Equity

For the Aerospace & Defense subindustry, Loar 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.

Loar Holdings's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Loar Holdings's Debt-to-Equity distribution charts can be found below:

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

Loar Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Loar 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
	=	(7.695	+	537.785)	/	418.141
	=	1.30

Loar 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
	=	(7.712	+	536.282)	/	420.645
	=	1.29

Loar Holdings (NYSE:LOAR) 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.

Loar Holdings Debt-to-Equity Related Terms

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Loar Holdings (Loar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Loar Holdings Inc (NYSE:LOAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 New King Street, White Plains, New York, NY, USA, 10604

Website

https://www.loargroup.com

Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).

Loar Holdings (Loar Holdings) Headlines

From GuruFocus

Director M Crow Acquires 71,429 Shares of Loar Holdings Inc (LOAR)

By GuruFocus Research • 04-29-2024