Leggett Platt Incorporated Stock Current Ratio
| LEG Stock | USD 8.08 1.47 15.39% |
Fundamental analysis of Leggett Platt allows traders to better anticipate movements in Leggett Platt's stock price by examining its financial health and performance throughout various phases of its business cycle.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.00 | 2.55 |
Leggett | Current Ratio | Build AI portfolio with Leggett Stock |
Leggett Platt Incorporated Company Current Ratio Analysis
Leggett Platt's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Leggett Platt Current Ratio | 2.07 X |
Most of Leggett Platt's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Leggett Platt Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Leggett Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Leggett Platt is extremely important. It helps to project a fair market value of Leggett Stock properly, considering its historical fundamentals such as Current Ratio. Since Leggett Platt's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Leggett Platt's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Leggett Platt's interrelated accounts and indicators.
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Leggett Current Ratio Historical Pattern
Today, most investors in Leggett Platt Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Leggett Platt's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Leggett Platt current ratio as a starting point in their analysis.
Leggett Platt Current Ratio |
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Leggett Discontinued Operations
Discontinued Operations |
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In accordance with the recently published financial statements, Leggett Platt Incorporated has a Current Ratio of 2.07 times. This is 8.81% lower than that of the Household Durables sector and significantly higher than that of the Consumer Discretionary industry. The current ratio for all United States stocks is 4.17% higher than that of the company.
Leggett Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Leggett Platt's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Leggett Platt could also be used in its relative valuation, which is a method of valuing Leggett Platt by comparing valuation metrics of similar companies.Leggett Platt is currently under evaluation in current ratio category among its peers.
Leggett Platt ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Leggett Platt's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Leggett Platt's managers, analysts, and investors.Environmental | Governance | Social |
Leggett Fundamentals
| Return On Equity | -0.5 | ||||
| Return On Asset | 0.0344 | ||||
| Profit Margin | (0.12) % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 2.68 B | ||||
| Shares Outstanding | 135.14 M | ||||
| Shares Owned By Insiders | 2.38 % | ||||
| Shares Owned By Institutions | 79.64 % | ||||
| Number Of Shares Shorted | 9.21 M | ||||
| Price To Earning | 13.50 X | ||||
| Price To Book | 1.28 X | ||||
| Price To Sales | 0.30 X | ||||
| Revenue | 4.38 B | ||||
| Gross Profit | 750.9 M | ||||
| EBITDA | (288.6 M) | ||||
| Net Income | (511.4 M) | ||||
| Cash And Equivalents | 350.2 M | ||||
| Cash Per Share | 1.71 X | ||||
| Total Debt | 2.05 B | ||||
| Debt To Equity | 1.50 % | ||||
| Current Ratio | 2.07 X | ||||
| Book Value Per Share | 5.13 X | ||||
| Cash Flow From Operations | 305.7 M | ||||
| Short Ratio | 2.90 X | ||||
| Earnings Per Share | 1.03 X | ||||
| Price To Earnings To Growth | (4.11) X | ||||
| Target Price | 10.0 | ||||
| Number Of Employees | 17.7 K | ||||
| Beta | 0.76 | ||||
| Market Capitalization | 1.29 B | ||||
| Total Asset | 3.66 B | ||||
| Retained Earnings | 2.06 B | ||||
| Working Capital | 844.1 M | ||||
| Current Asset | 1.31 B | ||||
| Current Liabilities | 701.2 M | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 3.85 % | ||||
| Net Asset | 3.66 B |
About Leggett Platt Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Leggett Platt Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Leggett Platt using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Leggett Platt Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Currently Active Assets on Macroaxis
| USOI | Credit Suisse X Links | |
| ULTY | Tidal Trust II | |
| CONY | YieldMax N Option | |
| BCAT | BlackRock Capital Allocation | |
| PDI | Pimco Dynamic Income |
Check out Leggett Platt Piotroski F Score and Leggett Platt Altman Z Score analysis. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Leggett Platt. If investors know Leggett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Leggett Platt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Earnings Share 1.03 | Revenue Per Share | Quarterly Revenue Growth (0.07) | Return On Assets |
The market value of Leggett Platt is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.