Leggett & Platt Incorporated (LEG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $689,400K
= 0.00
The debt-to-equity ratio of Leggett & Platt Incorporated has consistently been 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not reported any long-term debt on its balance sheet during these years and has been solely reliant on equity to finance its operations and growth. A debt-to-equity ratio of 0.00 typically signifies a conservative capital structure and may indicate a low level of financial risk. It suggests that the company has a strong equity base and may have chosen to avoid taking on significant debt obligations. However, it is important to consider the context and industry norms when interpreting this ratio to fully assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2024