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Leggett & Platt (Leggett & Platt) Debt-to-Equity

: 1.65 (As of Dec. 2023)
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Leggett & Platt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $365 Mil. Leggett & Platt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,830 Mil. Leggett & Platt's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,333 Mil. Leggett & Platt's debt to equity for the quarter that ended in Dec. 2023 was 1.65.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Leggett & Platt's Debt-to-Equity or its related term are showing as below:

LEG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.85   Med: 1.22   Max: 1.74
Current: 1.65

During the past 13 years, the highest Debt-to-Equity Ratio of Leggett & Platt was 1.74. The lowest was 0.85. And the median was 1.22.

LEG's Debt-to-Equity is ranked worse than
92.45% of 384 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs LEG: 1.65

Leggett & Platt Debt-to-Equity Historical Data

The historical data trend for Leggett & Platt's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Leggett & Platt Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.74 1.45 1.39 1.39 1.65

Leggett & Platt Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.41 1.35 1.34 1.65

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Leggett & Platt Debt-to-Equity Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's Debt-to-Equity falls into.



Leggett & Platt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leggett & Platt's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Leggett & Platt's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Leggett & Platt  (NYSE:LEG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Leggett & Platt Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Leggett & Platt's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Leggett & Platt (Leggett & Platt) Business Description

Traded in Other Exchanges
Address
No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.
Executives
Ryan Michael Kleiboeker officer: SVP-Chief Strategic Plan. Off. NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Phoebe A Wood director PO BOX 1080, LOUISVILLE KY 40201
Scott S Douglas officer: SVP-Gen. Counsel and Secretary NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Karl G Glassman director, officer: Executive Vice President LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Angela Barbee director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Benjamin Michael Burns officer: SVP-Business Support Services NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
James Tyson Hagale officer: SVP, Pres. - Bedding Products NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Christina Ptasinski officer: SVP - Chief HR Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
J Mitchell Dolloff director, officer: President and COO NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Steven K Henderson officer: Executive Vice President NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Tammy M Trent officer: SVP - Chief Accounting Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Jeffrey L. Tate officer: Executive Vice President - CFO 2211 H.H. DOW WAY, MIDLAND MI 48674
Susan R Mccoy officer: SVP - Investor Relations NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Judy C Odom director 2140 MERRITT DRIVE, GARLAND TX 75401
Maryelizabeth R Campbell director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836

Leggett & Platt (Leggett & Platt) Headlines

From GuruFocus

Leggett & Platt Announces 2Q 2023 Earnings Call

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LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.42

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LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.44

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