Aureus
AExcellent

Linde plc(LIN)

A

Financial data as of Dec 31, 2024Stable · Materials

FCF Margin14.9%Free Cash Flow / Revenue
Cash Conversion143.5%Operating CF / Net Income
Free Cash Flow$4.9B
Revenue$33.0B
Net Cash-$17.8BNet debt position
Debt / FCF4.6xElevated debt burden
Current Ratio0.89Tight short-term liquidity
YoY FCF Growth+0.4%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (14.9%, 4.6x)
→
-1Current ratio below 1.0 (0.89)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Healthy FCF margin (14.9%)
  • Excellent cash conversion (144%)
  • Highly consistent quarterly FCF

Concerns

  • Net debt position ($17.8B)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin14.9%
Net Margin19.9%
Operating CF Margin28.6%
CapEx Ratio13.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$17.8BNet debt position
Debt / FCF4.6xElevated debt burden
Current Ratio0.89Tight liquidity
Debt / Equity0.59Low leverage

Quarterly FCF Trend

+0.4% YoYStable (+0.4%)

Free cash flow per quarter

Sector Comparison — Materials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameLinde plc
SectorMaterials
Free Cash Flow$4.9B
Revenue$33.0B
Net Income$6.6B
Operating Cash Flow$9.4B
Capital Expenditure$4.5B
FCF Margin14.9%
Cash Conversion Rate143.5%
Net Margin19.9%
Total Debt$22.6B
Total Cash$4.8B
Net Cash-$17.8B
Current Ratio0.89
Debt / Equity0.59
Debt / FCF4.6x
YoY FCF Growth+0.4%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance

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