Leggett & Platt Incorporated (LEG)

Debt-to-equity 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 stockholders’ equity US$ in thousands 1,333,300 1,635,100 1,668,000 1,666,500 1,640,700 1,562,200 1,614,000 1,670,800 1,648,000 1,575,800 1,534,200 1,455,700 1,424,600 1,299,500 1,214,200 1,238,200 1,312,000 1,255,200 1,238,200 1,194,700
Debt-to-equity ratio 1.34 1.09 1.07 1.07 1.09 0.00 0.00 0.00 1.26 0.00 0.00 0.00 1.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,786,400K ÷ $1,333,300K
= 1.34

The debt-to-equity ratio of Leggett & Platt, Inc. has been fluctuating over the past eight quarters, ranging from 1.21 to 1.50. The ratio indicates the proportion of debt and equity the company is using to finance its assets.

A ratio of 1.50 in Q4 2023 suggests that the company has more debt relative to equity, which may indicate higher financial risk. However, it could also imply that the company is leveraging debt to finance growth opportunities or investments.

The trend from Q1 2022 to Q3 2023 shows a general decrease in the debt-to-equity ratio, indicating a potential reduction in financial leverage. This trend may signify that the company is becoming less reliant on debt financing, which could lead to lower interest expenses and improved financial stability.

It is important to further analyze the company's financial statements and consider other factors such as industry benchmarks, market conditions, and management's strategic decisions to gain a comprehensive understanding of Leggett & Platt, Inc.'s financial position and leverage strategy.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Leggett & Platt Incorporated
LEG
1.34
La-Z-Boy Incorporated
LZB
0.00
Tempur Sealy International Inc
TPX
0.00