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
Is Leggett & Platt (NYSE:LEG) Using Too Much Debt?
Nov 28
These 4 Measures Indicate That Leggett & Platt (NYSE:LEG) Is Using Debt Extensively
Aug 21Leggett & Platt (NYSE:LEG) Takes On Some Risk With Its Use Of Debt
Apr 08Is Leggett & Platt (NYSE:LEG) A Risky Investment?
Jan 04These 4 Measures Indicate That Leggett & Platt (NYSE:LEG) Is Using Debt Reasonably Well
Oct 03Recent updates
It Looks Like Leggett & Platt, Incorporated's (NYSE:LEG) CEO May Expect Their Salary To Be Put Under The Microscope
May 02Leggett & Platt Cuts Its Dividend: Signs Of An Existential Threat?
May 01Dividend King On A Tightrope: Leggett & Platt's Fight To Maintain Its Status
Apr 20Leggett & Platt: Lower Sales And Worsening Margins Are Bad News For This King
Apr 14Leggett & Platt: 2 High-Yield Income Options
Mar 19Leggett & Platt: Declining Cash Flows Make This Dividend King A Stock I Would Avoid
Mar 07Leggett & Platt: Is The Dividend Still Safe Amid Poor Cash Flow Guidance?
Feb 09Is The Leggett & Platt Stock A Good Buy Ahead Of Its Q4 Results?
Jan 31Leggett & Platt: The Pain Is Not Over Yet
Jan 09Should You Think About Buying Leggett & Platt, Incorporated (NYSE:LEG) Now?
Dec 14Leggett & Platt: Many Issues Ahead
Dec 02Is Leggett & Platt (NYSE:LEG) Using Too Much Debt?
Nov 28Leggett & Platt: Evaluating The Near 8% Yield Of This Dividend King
Nov 15Leggett & Platt: The 7.7% Dividend May Not Be Worth It After The Poor Q3
Nov 01Leggett & Platt: Don't Let This Dividend Aristocrat Fool You
Sep 27Leggett & Platt: This Dividend King Might Have Bottomed
Sep 07At US$27.11, Is Leggett & Platt, Incorporated (NYSE:LEG) Worth Looking At Closely?
Sep 06These 4 Measures Indicate That Leggett & Platt (NYSE:LEG) Is Using Debt Extensively
Aug 21Leggett & Platt: Best Time In 14 Years To Buy This 6.4%-Yielding Dividend King
Aug 19Leggett & Platt Q2 Earnings: (Dividend) King - Pinned?
Aug 01Estimating The Fair Value Of Leggett & Platt, Incorporated (NYSE:LEG)
Jul 26Leggett & Platt: Is The Dividend King's Throne At Risk?
Jul 20Leggett & Platt: The Reasons We Are Not Yet Buyers Of The Stock
Jul 13Leggett & Platt: The High Costs Of Being A King
Jun 16Is Now An Opportune Moment To Examine Leggett & Platt, Incorporated (NYSE:LEG)?
Jun 06Leggett & Platt: More Than Meets The Eye
Jun 03Leggett & Platt (NYSE:LEG) Is Increasing Its Dividend To $0.46
May 22Leggett & Platt (NYSE:LEG) Has Announced That It Will Be Increasing Its Dividend To $0.46
May 08Estimating The Fair Value Of Leggett & Platt, Incorporated (NYSE:LEG)
Apr 26Leggett & Platt (NYSE:LEG) Takes On Some Risk With Its Use Of Debt
Apr 08Leggett & Platt declares $0.44 dividend
Feb 23What Is Leggett & Platt, Incorporated's (NYSE:LEG) Share Price Doing?
Feb 13Leggett & Platt Q4 2022 Earnings Preview
Feb 05Leggett & Platt: Sturdy Foundation But Underwhelming Projections
Jan 21Calculating The Fair Value Of Leggett & Platt, Incorporated (NYSE:LEG)
Jan 17Leggett & Platt: Dividend Growth Could Be At Risk In 2023
Jan 11Is Leggett & Platt (NYSE:LEG) A Risky Investment?
Jan 04Leggett & Platt Q3 2022 Earnings Preview
Oct 28Estimating The Fair Value Of Leggett & Platt, Incorporated (NYSE:LEG)
Oct 17Leggett & Platt drops 9% after lowering FY22 guidance
Oct 10These 4 Measures Indicate That Leggett & Platt (NYSE:LEG) Is Using Debt Reasonably Well
Oct 03Leggett & Platt: Limited Financial Benefits From ECS Acquisition
Sep 30Financial Position Analysis
Short Term Liabilities: LEG's short term assets ($1.9B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: LEG's short term assets ($1.9B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: LEG's net debt to equity ratio (133%) is considered high.
Reducing Debt: LEG's debt to equity ratio has reduced from 205.9% to 161% over the past 5 years.
Debt Coverage: LEG's debt is not well covered by operating cash flow (19%).
Interest Coverage: LEG's interest payments on its debt are well covered by EBIT (3.6x coverage).