Lennox International debt and dilution81

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$1,581.3M

Cash & equivalents

USD millions

$51.5M

Net debt

USD millions

$1,529.8M

Debt / equity

1.22×

Debt / assets

34.79%

Net debt / EBITDA

× · TTM

1.33×

Debt / FCF

× · TTM

2.14×

Interest coverage

× · TTM

18.2×

Current ratio

1.57×

Diluted shares

Million shares

34.8M shares

Basic shares

Million shares

34.7M shares

Share count growth

-1.7%

Share repurchases

USD millions

$131.8M

Quarterly data

Lennox International capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	1,581.3	51.5	1,529.8	1.22×	34.79%	1.33×	2.14×	18.2×	1.57×	34.8	34.7	-1.7%	131.8
FY 2026 Q1	Mar 31, 2026	1,523.3	48.2	1,475.1	1.25×	35.49%	1.29×	2.31×	20.51×	1.57×	35	34.8	-1.97%	19.5
FY 2025 Q4	Dec 31, 2025	1,388.4	34.2	1,354.2	1.19×	34.01%	1.17×	2.17×	25.46×	1.6×	35.1	34.9	-1.96%	150.5
FY 2025 Q3	Sep 30, 2025	1,012.1	52.9	959.2	0.95×	28.72%	0.82×	1.89×	34.9×	1.68×	35.2	35.1	-1.4%	37
FY 2025 Q2	Jun 30, 2025	1,181.1	49.2	1,131.9	1.31×	32.33%	0.98×	1.74×	36.59×	1.41×	35.5	35.3	-0.84%	209.6
FY 2025 Q1	Mar 31, 2025	1,149.4	217.2	932.2	1.35×	33.26%	0.83×	1.49×	30.92×	1.43×	35.7	35.5	-0.28%	85.2
FY 2024 Q4	Dec 31, 2024	1,147.6	415.1	732.5	1.35×	33.05%	0.65×	1.47×	26.74×	1.43×	35.8	35.6	0.28%	40.7
FY 2024 Q3	Sep 30, 2024	1,140.3	243.1	897.2	1.51×	34.42%	0.84×	1.65×	21.92×	1.39×	35.8	35.6	0.28%	12.9
FY 2024 Q2	Jun 30, 2024	1,287.8	47.6	1,240.2	2.23×	39.97%	1.3×	2.33×	18.35×	1.6×	35.8	35.6	0.28%	0
FY 2024 Q1	Mar 31, 2024	1,426.2	45.7	1,380.5	3.87×	47.77%	1.52×	2.6×	16.59×	1.43×	35.8	35.6	0.28%	0
FY 2023 Q4	Dec 31, 2023	1,305.2	60.7	1,244.5	4.57×	46.64%	1.42×	2.69×	15.28×	1.41×	36	35.5	0.27%	0
FY 2023 Q3	Sep 30, 2023	1,483.2	132	1,351.2	9.3×	51.32%	1.65×	3.68×	13.9×	1.39×	35.7	35.5	0.28%	0
FY 2023 Q2	Jun 30, 2023	1,579	51.4	1,527.6	25.22×	52.96%	1.87×	5.64×	14.07×	1.05×	35.6	35.5	-0.28%	0
FY 2023 Q1	Mar 31, 2023	1,667.6	40.4	1,627.2	—	60.19%	2.13×	7.91×	14.87×	1.1×	35.6	35.5	-2.2%	0
FY 2022 Q4	Dec 31, 2022	1,524.8	52.6	1,472.2	—	59.39%	2.01×	7.58×	16.96×	0.94×	35.5	35.4	-3.29%	0
FY 2022 Q3	Sep 30, 2022	1,604.5	40.7	1,563.8	—	61.11%	2.24×	8.72×	19.32×	1.71×	35.5	35.4	-3.8%	0
FY 2022 Q2	Jun 30, 2022	1,693.3	57.4	1,635.9	—	63.68%	2.43×	7.29×	21.24×	1.68×	35.7	35.6	-4.81%	100
FY 2022 Q1	Mar 31, 2022	1,611.3	34.3	1,577	—	65.58%	2.38×	4.92×	22.71×	1.67×	36.5	36.3	-4.47%	200
FY 2021 Q4	Dec 31, 2021	1,237.8	31	1,206.8	—	56.99%	1.82×	3.03×	23.61×	1.42×	36.91	36.61	-4.42%	0
FY 2021 Q3	Sep 30, 2021	1,278.2	39.4	1,238.8	—	60.19%	1.76×	2.71×	25.27×	1.08×	37	36.8	-3.92%	200
FY 2021 Q2	Jun 30, 2021	1,243.3	44.5	1,198.8	—	56.39%	1.7×	1.78×	25.45×	1.19×	37.7	37.4	-2.09%	200
FY 2021 Q1	Mar 31, 2021	1,172.9	35.5	1,137.4	—	56.53%	1.81×	1.91×	21.81×	1.34×	38.2	38	-1.04%	200
FY 2020 Q4	Dec 31, 2020	980.6	123.9	856.7	—	48.25%	1.55×	1.84×	16.91×	1.55×	38.6	38.3	-1.04%	0
FY 2020 Q3	Sep 30, 2020	1,013.6	55	958.6	—	51.16%	1.59×	1.6×	16.05×	1.5×	38.6	38.3	-0.78%	0
FY 2020 Q2	Jun 30, 2020	1,390.8	44.8	1,346	—	65.47%	2.26×	3.33×	13.32×	1.3×	38.4	38.2	-2.3%	0
FY 2020 Q1	Mar 31, 2020	1,442.2	39.1	1,403.1	—	67.76%	2.09×	4.18×	13.21×	1.37×	38.7	38.4	-3.27%	100
FY 2019 Q4	Dec 31, 2019	1,171.2	37.3	1,133.9	—	57.56%	1.56×	4.03×	13.83×	1.12×	39.1	38.7	-3.26%	0
FY 2019 Q3	Sep 30, 2019	1,451.1	46.1	1,405	—	65.52%	2.16×	5.23×	12.56×	1.19×	39	38.6	-4.22%	150
FY 2019 Q2	Jun 30, 2019	1,466.8	36.4	1,430.4	—	62.67%	2.24×	4.67×	12.92×	1.34×	39.5	39.1	-3.93%	150
FY 2019 Q1	Mar 31, 2019	1,296.6	31.7	1,264.9	—	61.58%	2.04×	3.95×	13.51×	1.33×	40.1	39.7	-4.34%	100
FY 2018 Q4	Dec 31, 2018	1,041.3	46.3	995	—	57.3%	1.73×	2.6×	13.3×	1.08×	40.51	40.01	-4.53%	100
FY 2018 Q3	Sep 30, 2018	1,125.9	46.1	1,079.8	—	58.92%	1.92×	3.43×	13.88×	1.72×	40.7	40.3	-3.82%	0
FY 2018 Q2	Jun 30, 2018	1,352.6	39.4	1,313.2	—	64.43%	2.3×	5.63×	15.3×	1.86×	41.1	40.7	-3.78%	200.2
FY 2018 Q1	Mar 31, 2018	1,289.1	57.1	1,232	—	61.79%	2.23×	5.09×	15.45×	1.89×	42.1	41.5	-3.04%	150
FY 2017 Q4	Dec 31, 2017	1,004	68.2	935.8	20.04×	53.08%	1.67×	4.43×	16.16×	1.74×	42.5	41.9	-2.11%	0
FY 2017 Q3	Sep 30, 2017	1,124.1	60.7	1,063.4	34.59×	54.68%	2.04×	3.86×	15×	1.24×	42.4	41.9	-3.01%	75
FY 2017 Q2	Jun 30, 2017	1,188.9	61.3	1,127.6	112.16×	55.41%	2.16×	6.66×	15.37×	1.38×	42.9	42.3	-2.98%	100
FY 2017 Q1	Mar 31, 2017	1,103.1	48.8	1,054.3	—	56.55%	2.08×	20.06×	15.61×	1.14×	43.5	42.8	-2.73%	75
FY 2016 Q4	Dec 31, 2016	868.2	50.2	818	22.85×	49.32%	1.68×	3.21×	15.9×	1.13×	43.4	42.8	-4.67%	0
FY 2016 Q3	Sep 30, 2016	1,055.9	47.8	1,008.1	43.63×	54.81%	2.28×	36.41×	15.09×	0.98×	43.7	43.2	-4%	300
FY 2016 Q2	Jun 30, 2016	1,075.2	54.7	1,020.5	34.24×	53.12%	2.47×	25.97×	14.66×	1.13×	44.1	43.6	-3.11%	200
FY 2016 Q1	Mar 31, 2016	1,099.4	40.6	1,058.8	—	59.08%	2.76×	28.34×	13.65×	1.4×	44.7	44	-1.57%	200
FY 2015 Q4	Dec 31, 2015	743.9	38.9	705	7.32×	44.27%	1.91×	2.85×	12.94×	1.14×	45.6	44.9	-1.38%	0
FY 2015 Q3	Sep 30, 2015	918	35.1	882.9	9.42×	48.79%	2.09×	—	15×	1.35×	45.6	45	-6.83%	0
FY 2015 Q2	Jun 30, 2015	1,055.6	47.5	1,008.1	18.75×	52.09%	2.51×	—	15.23×	1.43×	45.6	45	-7.79%	0
FY 2015 Q1	Mar 31, 2015	1,085.8	36.7	1,049.1	—	57.77%	2.7×	11.02×	16.72×	1.48×	45.5	44.7	-8.78%	0
FY 2014 Q4	Dec 31, 2014	925.6	37.5	888.1	102.84×	52.46%	2.25×	9.6×	19.46×	1.23×	45.93	45.53	-7.48%	450
FY 2014 Q3	Sep 30, 2014	596	48.1	547.9	1.19×	31.76%	1.46×	8.32×	21.39×	1.38×	49	48.3	-2.82%	50.3
FY 2014 Q2	Jun 30, 2014	606.7	49.6	557.1	1.17×	30.8%	1.5×	4.7×	21.5×	1.44×	49.6	48.8	-2.79%	50
FY 2014 Q1	Mar 31, 2014	564.2	39	525.2	1.15×	31.56%	1.48×	4.06×	20.49×	1.47×	49.9	49	-2.58%	0
FY 2013 Q4	Dec 31, 2013	400.4	38	362.4	0.82×	24.61%	1.04×	3.03×	19.93×	1.26×	50.01	49.21	-2.37%	59
FY 2013 Q3	Sep 30, 2013	434.9	37.8	397.1	0.9×	24.77%	1.2×	2.74×	18.87×	1.3×	50.5	49.7	-1.78%	33
FY 2013 Q2	Jun 30, 2013	537.1	45.3	491.8	1.2×	29.04%	1.6×	6.18×	16.6×	1.45×	50.9	50.2	-1.57%	28.8
FY 2013 Q1	Mar 31, 2013	516.4	34.9	481.5	1.14×	30.13%	1.71×	8.21×	14.31×	1.79×	51	50.3	-1.18%	4.2
FY 2012 Q4	Dec 31, 2012	386.6	51.8	334.8	0.78×	22.85%	1.22×	2.26×	12.81×	1.54×	51.1	50.4	-1.2%	19.5
FY 2012 Q3	Sep 30, 2012	481	48.8	432.2	0.94×	26.82%	1.75×	4.87×	10.75×	1.74×	51.3	50.6	-3.07%	35.8
FY 2012 Q2	Jun 30, 2012	528.9	69.1	459.8	1.07×	28.01%	2.07×	3.17×	9.42×	1.64×	51.6	51	-4.14%	0.7
FY 2012 Q1	Mar 31, 2012	523.5	54.7	468.8	1.1×	29.25%	2.15×	3.53×	9.11×	1.67×	50.9	50.9	—	1.9
FY 2011 Q4	Dec 31, 2011	465.1	45	420.1	0.99×	27.27%	2.02×	14.09×	8.79×	1.58×	51.92	51.02	-4.49%	32.1
FY 2011 Q3	Sep 30, 2011	499.6	57.9	441.7	1×	27.24%	1.98×	5.15×	10.12×	1.53×	52.8	52.2	-2.97%	54.4
FY 2011 Q2	Jun 30, 2011	577.9	76.5	501.4	0.96×	28.62%	2.15×	23.4×	11.29×	1.72×	54.3	53.2	-3.45%	11.8
FY 2011 Q1	Mar 31, 2011	491.6	55.2	436.4	0.87×	25.87%	1.83×	14.25×	12.7×	1.55×	—	—	—	24.7
FY 2010 Q4	Dec 31, 2010	319	160	159	0.54×	18.85%	0.65×	2.28×	14.88×	1.54×	54.61	53.41	—	3.4
FY 2010 Q3	Sep 30, 2010	371.1	92.4	278.7	0.67×	21.86%	—	—	—	1.57×	55	53.8	—	50.8
FY 2010 Q2	Jun 30, 2010	356.2	61.9	294.3	0.68×	21.37%	—	—	—	1.51×	56.3	55.1	—	60.1

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · LII, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.