Leggett & Platt Incorporated (LEG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 689,400 | 1,333,300 | 1,641,400 | 1,648,600 | 1,390,300 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $689,400K)
= 0.00
The debt-to-capital ratio for Leggett & Platt Incorporated has consistently been 0.00 over the past five years, starting from December 31, 2020, and ending on December 31, 2024. This indicates that the company has not utilized any debt to finance its operations relative to its total capital structure throughout this period. A debt-to-capital ratio of 0.00 signifies that the company is either operating with no debt at all or that its debt is negligible compared to its total capital, which may indicate a low financial risk and a strong financial position. However, it is important to note that while a low debt-to-capital ratio can be favorable, it also implies that the company may not be leveraging debt efficiently to potentially boost returns on equity.
Peer comparison
Dec 31, 2024