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: 0JTT's short term assets ($1.7B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: 0JTT's short term assets ($1.7B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: 0JTT's net debt to equity ratio (216%) is considered high.
Reducing Debt: 0JTT's debt to equity ratio has increased from 178.7% to 253.3% over the past 5 years.
Debt Coverage: 0JTT's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 0JTT's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 10:14 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Leggett & Platt, Incorporated is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Daniel Moore | CJS Securities, Inc. |
| Susan Maklari | Credit Suisse |