This paper presents the improved Lv’s distribution (ImLVD) for noisy multicomponent linear frequency-modulated (LFM) signals analysis, which is of significant importance in radar signal processing. Two goals of this paper are (i) to overcome drawbacks of the Lv’s distribution (LVD), and (ii) to study mechanisms of the constant delay introduction. Theoretical comparisons in cross-term suppression, resolution, peak-to-sidelobe level, anti-noise performance and implementation are performed for the maximum likelihood (ML) method, Wigner–Hough transform (WHT), LVD, parameterized centroid frequency–chirp rate distribution (PCFCRD) and ImLVD. Based on theoretical comparisons and illustrative examples, superiorities of the ImLVD are demonstrated and several unclear mechanisms of the introduced constant delay are interpreted. Finally, three numerical examples are given to illustrate that, because of the high cross-term suppression, resolution, peak-to-sidelobe level and anti-noise performance without the non-uniform integration variable, the ImLVD is more suitable for noisy multicomponent LFM signals analysis.