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 $2.0B, which brings its debt-to-equity ratio to 148.7%. Its total assets and total liabilities are $4.6B and $3.3B respectively. Leggett & Platt's EBIT is $327.5M making its interest coverage ratio 3.9. It has cash and short-term investments of $365.5M.
Key information
148.7%
Debt to equity ratio
US$1.98b
Debt
Interest coverage ratio | 3.9x |
Cash | US$365.50m |
Equity | US$1.33b |
Total liabilities | US$3.30b |
Total assets | US$4.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JTT's short term assets ($1.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 0JTT's short term assets ($1.9B) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: 0JTT's net debt to equity ratio (121.3%) is considered high.
Reducing Debt: 0JTT's debt to equity ratio has increased from 100.6% to 148.7% over the past 5 years.
Debt Coverage: 0JTT's debt is well covered by operating cash flow (25.1%).
Interest Coverage: 0JTT's interest payments on its debt are well covered by EBIT (3.9x coverage).