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

Company name
Symbol
Current ratio
Leggett & Platt Incorporated
LEG
1.49
La-Z-Boy Incorporated
LZB
1.91
Tempur Sealy International Inc
TPX
1.21