Leggett & Platt Incorporated (LEG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 350,200 | 365,500 | 316,500 | 361,700 | 348,900 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 846,400 | 1,262,600 | 968,100 | 1,335,700 | 1,006,000 |
| Cash ratio | 0.41 | 0.29 | 0.33 | 0.27 | 0.35 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($350,200K
+ $—K)
÷ $846,400K
= 0.41
The cash ratio of Leggett & Platt Incorporated has shown some fluctuations over the years. As of December 31, 2020, the company's cash ratio was 0.35, indicating that it had $0.35 of cash and cash equivalents for every $1 of current liabilities.
In the following years, the cash ratio experienced some variability, declining to 0.27 as of December 31, 2021, before increasing to 0.33 by December 31, 2022. Subsequently, it dropped to 0.29 as of December 31, 2023, and then improved significantly to 0.41 by December 31, 2024.
This fluctuation in the cash ratio suggests that the company may have experienced changes in its ability to cover its short-term liabilities with readily available cash and cash equivalents. It would be valuable for stakeholders to further examine the reasons behind these fluctuations and assess the company's liquidity position in more detail.
Peer comparison
Dec 31, 2024