Leggett & Platt Incorporated (LEG)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 350,200 | 277,200 | 307,000 | 361,300 | 365,500 | 273,900 | 272,400 | 344,500 | 316,500 | 226,200 | 269,900 | 327,300 | 361,700 | 234,700 | 231,600 | 333,800 | 348,900 | 245,000 | 208,800 | 505,800 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 12,300 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 846,400 | 1,171,700 | 1,167,900 | 1,188,300 | 1,262,600 | 1,009,100 | 955,600 | 968,600 | 968,100 | 965,000 | 1,331,400 | 1,351,200 | 1,335,700 | 1,338,000 | 1,107,100 | 995,600 | 1,006,000 | 947,400 | 775,500 | 854,700 |
| Cash ratio | 0.41 | 0.24 | 0.26 | 0.30 | 0.29 | 0.27 | 0.29 | 0.36 | 0.33 | 0.23 | 0.20 | 0.24 | 0.27 | 0.18 | 0.21 | 0.34 | 0.35 | 0.26 | 0.27 | 0.59 |
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 period from March 31, 2020, to December 31, 2024. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
Initially, the cash ratio was relatively healthy at 0.59 on March 31, 2020, but subsequently decreased to 0.27 by June 30, 2020. The ratio continued to decline to 0.18 by September 30, 2021, indicating a potential liquidity strain. However, there was a slight improvement to 0.33 by December 31, 2022, showing a better position in terms of cash availability.
The ratio remained relatively stable around 0.30 from March 31, 2023, to March 31, 2024, indicating that the company's cash and cash equivalents were at a level that could cover a significant portion of its short-term obligations. The highest cash ratio observed was 0.41 on December 31, 2024, suggesting stronger liquidity position at the end of the period.
Overall, fluctuations in the cash ratio of Leggett & Platt Incorporated highlight the company's management of its cash and liquidity position over the analyzed period. Investors and stakeholders may use this information to assess the company's short-term solvency and financial health.
Peer comparison
Dec 31, 2024