Leggett & Platt Incorporated (LEG)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $689,400K
= 0.00
The debt-to-equity ratio for Leggett & Platt Incorporated has consistently been 0.00 for all the reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-equity ratio of 0.00 signifies that the company relies solely on equity financing rather than debt financing to fund its operations and growth. This can be considered a conservative financial approach, as the company is not taking on additional debt obligations that could potentially lead to financial distress or high interest costs. However, it's important to note that a debt-to-equity ratio of 0.00 may also imply missed opportunities for leveraging debt to potentially enhance returns for shareholders through financial leverage. Overall, the consistent 0.00 debt-to-equity ratio suggests that Leggett & Platt has maintained a strong financial position with a conservative capital structure over the reported periods.
Peer comparison
Dec 31, 2024