Leggett & Platt Incorporated (LEG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,690,500 | 1,881,400 | 1,958,000 | 2,065,300 | 1,612,100 |
| Total current liabilities | US$ in thousands | 846,400 | 1,262,600 | 968,100 | 1,335,700 | 1,006,000 |
| Current ratio | 2.00 | 1.49 | 2.02 | 1.55 | 1.60 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,690,500K ÷ $846,400K
= 2.00
The current ratio for Leggett & Platt Incorporated has shown some fluctuations over the past five years.
- As of December 31, 2020, the current ratio was 1.60, indicating that the company had $1.60 in current assets for every $1 of current liabilities.
- By December 31, 2021, the current ratio slightly decreased to 1.55, which suggests a slight decline in the company's ability to cover its short-term obligations with current assets.
- However, by December 31, 2022, the current ratio improved significantly to 2.02, indicating a stronger liquidity position with $2.02 in current assets for each dollar of current liabilities.
- The ratio declined again by December 31, 2023, dropping to 1.49, potentially signaling a strain on the company's ability to meet its short-term debt obligations.
- The latest data as of December 31, 2024, shows the current ratio back up to 2.00, indicating a healthier liquidity position compared to the previous year.
Overall, the current ratio for Leggett & Platt Incorporated has shown variability over the past five years, with improvements in liquidity seen in certain periods and some fluctuations that may warrant further monitoring to ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024