Mohawk Industries is Among the Companies in the Home Furnishings Industry With the Lowest Current Ratio (MHK, TPX, LEG, ETH, BSET)
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 its subscribers protect gains by selling shares of Bassett Furniture Industries on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $29.04. Since that call, shares of Bassett Furniture Industries have fallen 17.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest current ratio mohawk industries tempur-pedic international leggett & platt ethan allen interiors bassett furniture industries