Leggett & Platt Incorporated (LEG)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,881,400 | 1,886,200 | 1,905,800 | 2,014,800 | 1,958,000 | 2,001,000 | 2,091,800 | 2,138,000 | 2,065,300 | 1,983,600 | 1,894,800 | 1,789,000 | 1,658,100 | 1,518,300 | 1,410,300 | 1,782,000 | 1,538,100 | 1,604,600 | 1,703,000 | 1,659,000 |
| Total current liabilities | US$ in thousands | 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 | 928,100 | 920,800 | 900,300 | 867,000 |
| Current ratio | 1.49 | 1.87 | 1.99 | 2.08 | 2.02 | 2.07 | 1.57 | 1.58 | 1.55 | 1.48 | 1.71 | 1.80 | 1.65 | 1.60 | 1.82 | 2.08 | 1.66 | 1.74 | 1.89 | 1.91 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,881,400K ÷ $1,262,600K
= 1.49
Based on the current ratio data for Leggett & Platt, Inc. over the past eight quarters, there has been some variation in the company's liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In Q4 2023, the current ratio was 1.49, which indicates that the company had $1.49 in current assets for every $1 in current liabilities. This suggests that their liquidity position has weakened compared to the previous quarter, where the current ratio was 1.87.
Over the past two years, the current ratio has generally been above 1, which implies that Leggett & Platt, Inc. has been able to cover its short-term obligations with its current assets. However, there has been some fluctuation in the ratio, with the lowest point being 1.49 in Q4 2023 and the highest point being 2.08 in Q1 2023.
It is important to monitor the current ratio over time to assess the company's liquidity position and ability to meet its short-term financial obligations. Fluctuations in the current ratio could indicate changes in the company's financial health and its ability to manage its working capital effectively.
Peer comparison
Dec 31, 2023