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Relatively High Debt to Equity Ratio Detected in Shares of Tempur Sealy Int in the Home Furnishings Industry (TPX, LEG, MHK, HOFT, ETH)

By Nick Russo

Below are the three companies in the Home Furnishings industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.

Tempur Sealy Int ranks highest with a a debt to equity ratio of 1,558.3. Leggett & Platt is next with a a debt to equity ratio of 105.2. Mohawk Inds ranks third highest with a a debt to equity ratio of 39.6.

Hooker Furniture follows with a a debt to equity ratio of 23.2, and Ethan Allen rounds out the top five with a a debt to equity ratio of 3.6.

SmarTrend recommended that subscribers consider buying shares of Leggett & Platt on October 15th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $41.63. Since that recommendation, shares of Leggett & Platt have risen 26.4%. We continue to monitor Leggett & Platt for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest debt to equity ratio tempur sealy int leggett & platt mohawk inds hooker furniture ethan allen

Ticker(s): TPX LEG MHK HOFT ETH