How much debt does Lazard have?
According to Lazard's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Lazard's total debt stands at $2.19B. This is broken down into:
- Long-term debt: $2.19B
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $884.32M. In terms of overall financial obligations, Lazard's total liabilities amount to $4.03B.
Debt Ratios and Metrics
To better understand Lazard's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 3.45 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 45.74% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 4.39 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 72.61% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 77.51% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Lazard's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$2.19B
Long-term Debt
$2.19B
Short-term Debt
$-
Net Debt
$884.32M
Total Liabilities
$4.03B
Interest Coverage
4.39
Debt to Equity Ratio
3.45
Debt Ratio
45.74%
Lazard Historical Debt Metrics
Lazard Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $2.19B | $2.19B | $- | $884.32M | $4.03B | 3.45 | 45.74% | 4.39 | 72.61% | 77.51% |
| 2023 | $2.18B | $2.18B | $- | $1.20B | $4.07B | 5.13 | 46.93% | -1.03 | 79.95% | 83.70% |
| 2022 | $2.20B | $2.20B | $- | $966.63M | $4.59B | 3.96 | 37.61% | 6.34 | 75.20% | 79.82% |
| 2021 | $2.24B | $2.24B | $- | $772.73M | $5.49B | 2.29 | 31.31% | 8.96 | 63.34% | 69.65% |
| 2020 | $2.29B | $2.29B | $- | $899.83M | $4.97B | 2.51 | 38.34% | 6.23 | 64.86% | 71.52% |
| 2019 | $2.32B | $2.32B | $- | $1.09B | $4.98B | 3.81 | 41.03% | 4.90 | 73.36% | 79.21% |
| 2018 | $1.43B | $2.59B | $- | $187.72M | $4.03B | 1.56 | 28.70% | 11.64 | 61.00% | 61.00% |
| 2017 | $1.19B | $1.19B | $- | $-293.45M | $3.67B | 0.99 | 24.16% | 15.42 | 49.78% | 49.78% |
| 2016 | $1.19B | $1.66B | $- | $29.82M | $3.26B | 0.96 | 26.09% | 10.29 | 49.02% | 49.02% |
| 2015 | $998.35M | $998.39M | $- | $-133.73M | $3.12B | 0.76 | 22.25% | -0.32 | 42.96% | 43.18% |
Related Metrics
Explore detailed financial metrics and analysis for LAZ.