Leggett & Platt Balance Sheet Health
Financial Health criteria checks 2/6
Leggett & Platt has a total shareholder equity of $741.8M and total debt of $1.9B, which brings its debt-to-equity ratio to 253.3%. Its total assets and total liabilities are $3.8B and $3.0B respectively. Leggett & Platt's EBIT is $262.6M making its interest coverage ratio 3.3. It has cash and short-term investments of $277.2M.
Key information
253.3%
Debt to equity ratio
US$1.88b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$277.20m |
| Equity | US$741.80m |
| Total liabilities | US$3.04b |
| Total assets | US$3.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LP1's short term assets ($1.7B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: LP1's short term assets ($1.7B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: LP1's net debt to equity ratio (216%) is considered high.
Reducing Debt: LP1's debt to equity ratio has increased from 178.7% to 253.3% over the past 5 years.
Debt Coverage: LP1's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: LP1's interest payments on its debt are well covered by EBIT (3.3x coverage).