Leggett & Platt Balance Sheet Health
Financial Health criteria checks 3/6
Leggett & Platt has a total shareholder equity of $1.3B and total debt of $2.1B, which brings its debt-to-equity ratio to 161%. Its total assets and total liabilities are $4.6B and $3.3B respectively. Leggett & Platt's EBIT is $297.4M making its interest coverage ratio 3.6. It has cash and short-term investments of $361.3M.
Key information
161.0%
Debt to equity ratio
US$2.08b
Debt
Interest coverage ratio | 3.6x |
Cash | US$361.30m |
Equity | US$1.29b |
Total liabilities | US$3.33b |
Total assets | US$4.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LP1's short term assets ($1.9B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: LP1's short term assets ($1.9B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: LP1's net debt to equity ratio (133%) is considered high.
Reducing Debt: LP1's debt to equity ratio has reduced from 205.9% to 161% over the past 5 years.
Debt Coverage: LP1's debt is not well covered by operating cash flow (19%).
Interest Coverage: LP1's interest payments on its debt are well covered by EBIT (3.6x coverage).