Leggett & Platt Incorporated (LEG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,661,600 | 4,634,500 | 5,186,100 | 5,307,300 | 4,754,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,661,600K
= 0.00
Based on the provided data for Leggett & Platt Incorporated's debt-to-assets ratio for the years from December 31, 2020, to December 31, 2024, the ratio consistently stands at 0.00. This indicates that the company has not had any debt in relation to its total assets during these years.
A debt-to-assets ratio of 0.00 suggests that Leggett & Platt's assets are entirely funded by equity or other non-debt sources. This can be viewed positively as it reflects lower financial risk due to the absence of debt obligations. However, it is important to note that having no debt may also imply missed opportunities for leveraging financial leverage for potential growth or tax advantages.
Overall, a stable debt-to-assets ratio of 0.00 over the years can be seen as a sign of financial stability and conservative financial management by Leggett & Platt Incorporated.
Peer comparison
Dec 31, 2024