Lincoln National Balance Sheet Health
Financial Health criteria checks 3/6
Lincoln National has a total shareholder equity of $8.3B and total debt of $6.7B, which brings its debt-to-equity ratio to 80.7%. Its total assets and total liabilities are $390.8B and $382.6B respectively. Lincoln National's EBIT is $4.4B making its interest coverage ratio 13. It has cash and short-term investments of $38.6B.
Key information
80.7%
Debt to equity ratio
US$6.68b
Debt
| Interest coverage ratio | 13x |
| Cash | US$38.60b |
| Equity | US$8.27b |
| Total liabilities | US$382.56b |
| Total assets | US$390.83b |
Recent financial health updates
No updates
Recent updates
Lincoln National: We Have A Significant Potential Upside Going Into 2025-2027
Jan 13Lincoln National (NYSE:LNC) Is Paying Out A Dividend Of $0.45
Dec 02
Lincoln National (NYSE:LNC) Will Pay A Dividend Of $0.45
Nov 18Why Lincoln National Remains Interesting And Why Q3 2024 Matters Only A Little
Oct 31Lincoln National: Despite Progress On Capital, Patience Is Required (Rating Upgrade)
Aug 14Lincoln: The Upside Is Not Yet Over
Jul 08Lincoln National: Surging Industry Annuity Sales A Boon, Q1 Results Mask Positive Trends
May 27Lincoln National Q4: Long Turnaround May Leave Shares Languishing
Mar 07Lincoln National: High Yield, Weak Flows Amid Shifting Market Interest Rates
Nov 16Poor Capital Management Leaves Lincoln National Negatively Positioned
Sep 07Why Lincoln National Remains One Of My Highest Picks.
Aug 27Lincoln National: Returning 14% And Worth A Look
Jul 28Lincoln National: The Commons Or Preferreds? One Might Be Undervalued
Jul 17Lincoln National: Seriously Undervalued At Peak Pessimism
Jun 16Lincoln National: Unrealized Bond Losses And Excess Mortality Threaten Stability
May 25Financial Position Analysis
Short Term Liabilities: LNC's short term assets ($78.1B) exceed its short term liabilities ($17.2B).
Long Term Liabilities: LNC's short term assets ($78.1B) do not cover its long term liabilities ($365.4B).
Debt to Equity History and Analysis
Debt Level: LNC has more cash than its total debt.
Reducing Debt: LNC's debt to equity ratio has increased from 35.7% to 80.7% over the past 5 years.
Debt Coverage: LNC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LNC's interest payments on its debt are well covered by EBIT (13x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/22 19:21 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lincoln National Corporation is covered by 29 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Alex Scott | Barclays |
| Jay Gelb | Barclays |