Highest Debt to Asset Ratio in the Home Furnishings Industry Detected in Shares of Tempur-Pedic International (TPX, DXYN, LEG, MHK, ETH)
Below are the three companies in the Home Furnishings industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.
Tempur-Pedic International ranks highest with a a debt to asset ratio of 0.54. Dixie is next with a a debt to asset ratio of 0.42. Leggett & Platt ranks third highest with a a debt to asset ratio of 0.32.
Mohawk Industries follows with a a debt to asset ratio of 0.32, and Ethan Allen Interiors rounds out the top five with a a debt to asset ratio of 0.12.
SmarTrend recommended that its subscribers protect gains by selling shares of Tempur-Pedic International on September 28th, 2016 by issuing a Downtrend alert when the shares were trading at $57.38. Since that call, shares of Tempur-Pedic International have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest debt to asset ratio tempur-pedic international dixie leggett & platt mohawk industries ethan allen interiors