LEG (Leggett & Platt) LT-Debt-to-Total-Asset : 0.55 (As of Dec. 2024)

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What is Leggett & Platt LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Leggett & Platt's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.55.

Leggett & Platt's long-term debt to total assets ratio increased from Dec. 2023 (0.40) to Dec. 2024 (0.55). It may suggest that Leggett & Platt is progressively becoming more dependent on debt to grow their business.

Leggett & Platt LT-Debt-to-Total-Asset Historical Data

The historical data trend for Leggett & Platt's LT-Debt-to-Total-Asset 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.

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Leggett & Platt LT-Debt-to-Total-Asset Chart

Leggett & Platt Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.41

0.37

0.43

0.40

0.55

Leggett & Platt Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.42	0.48	0.46	0.55

Leggett & Platt LT-Debt-to-Total-Asset Calculation

Leggett & Platt's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1993.9	/	3661.6
	=	0.54

Leggett & Platt's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1993.9	/	3661.6
	=	0.54

Leggett & Platt (NYSE:LEG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Leggett & Platt LT-Debt-to-Total-Asset Related Terms

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Leggett & Platt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Leggett & Platt Inc (NYSE:LEG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0JTT:UK LP1:Germany LP1:Germany

Address

No. 1 Leggett Road, Carthage, MO, USA, 64836

Website

https://www.leggett.com

Leggett & Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding 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

Benjamin Michael Burns	officer: SVP-Business Support Services	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Srikanth Padmanabhan	director	500 JACKSON STREET, COLUMBUS IN 47201
Karl G Glassman	director, officer: Executive Vice President	LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Ryan Michael Kleiboeker	officer: SVP-Chief Strategic Plan. Off.	NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Mark A Blinn	director	5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039
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
Angela Barbee	director	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
J Mitchell Dolloff	director, officer: President and COO	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
Steven K Henderson	officer: Executive Vice President	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Susan R Mccoy	officer: SVP - Investor Relations	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