Is Leggett & Platt financially healthy?
Mostly
Leggett & Platt would need 2.5 years of earnings to pay off its debt, which is manageable.
The numbers behind it
Net debt / EBITDA2.5 years
Cash vs. debt$587M vs. $1.7B
Current ratio2.3×Short-term assets for each $1 of bills due within a year
Interest coverage3.5×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Leggett & Platt
Data as of Aug 27, 2026.