Leggett & Platt Incorporated (LEG)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 689,400 | 741,000 | 667,600 | 1,288,800 | 1,333,300 | 1,635,900 | 1,668,600 | 1,666,500 | 1,641,400 | 1,562,800 | 1,614,600 | 1,671,400 | 1,648,600 | 1,577,600 | 1,536,000 | 1,456,200 | 1,390,300 | 1,300,000 | 1,214,600 | 1,238,600 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Leggett & Platt Incorporated has consistently remained at 0.00 or 0% throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to a significant extent in relation to its total capital structure during this time frame. A debt-to-capital ratio of 0% typically suggests that the company has either zero debt or a negligible amount of debt in comparison to its total capital, which may signify a lower risk of financial distress and solvency issues due to debt obligations. It also implies that the company may have a conservative financial strategy in terms of leveraging debt for funding its operations and expansions, thus potentially reducing its financial risk exposure.
Peer comparison
Dec 31, 2024