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Lowest Current Ratio in the Home Furnishings Industry Detected in Shares of Mohawk Industries (MHK, TPX, LEG, ETH, BSET)

By Shiri Gupta

Below are the three companies in the Home Furnishings industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

Mohawk Industries ranks lowest with a a current ratio of 1.1. Tempur-Pedic International is next with a a current ratio of 1.1. Leggett & Platt ranks third lowest with a a current ratio of 1.8.

Ethan Allen Interiors follows with a a current ratio of 2.0, and Bassett Furniture Industries rounds out the bottom five with a a current ratio of 2.1.

SmarTrend recommended that subscribers consider buying shares of Leggett & Platt on February 2nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $41.38. Since that recommendation, shares of Leggett & Platt have risen 19.0%. We continue to monitor Leggett & Platt for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest current ratio mohawk industries tempur-pedic international leggett & platt ethan allen interiors bassett furniture industries