Leggett & Platt Incorporated (LEG)

Debt-to-assets 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
Long-term debt US$ in thousands 1,786,400 1,785,900 1,785,400 1,784,900 1,784,400 2,082,300 1,587,600
Total assets US$ in thousands 4,634,500 5,077,600 5,144,300 5,270,000 5,186,100 5,175,200 5,230,600 5,341,800 5,307,300 5,235,100 5,150,100 4,911,600 4,800,000 4,663,800 4,582,100 4,982,000 4,855,400 4,857,800 5,002,000 4,953,800
Debt-to-assets ratio 0.39 0.35 0.35 0.34 0.34 0.00 0.00 0.00 0.39 0.00 0.00 0.00 0.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,786,400K ÷ $4,634,500K
= 0.39

The debt-to-assets ratio for Leggett & Platt, Inc. has shown some fluctuations over the past eight quarters. The ratio has ranged from 0.39 to 0.43 during these periods, indicating that the company has maintained a relatively stable level of debt relative to its total assets.

In Q4 2023, the ratio increased to 0.43 from 0.39 in the previous quarter, suggesting a slight increase in the proportion of debt used to finance the company's assets. It is important to note that a higher debt-to-assets ratio may imply higher financial risk as it indicates a larger proportion of the company's assets are funded through debt, which could potentially lead to higher interest expenses and financial vulnerabilities.

Overall, Leggett & Platt, Inc. has maintained a moderate level of debt utilization relative to its total assets, with the ratio staying within the range of 0.39 to 0.43 over the past eight quarters. Further analysis of the company's financial health and performance metrics would provide more insights into the effectiveness of its debt management strategies.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-assets ratio
Leggett & Platt Incorporated
LEG
0.39
La-Z-Boy Incorporated
LZB
0.00
Tempur Sealy International Inc
TPX
0.00