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Top 5 Companies in the Home Furnishings Industry With the Highest Debt to Asset Ratio (ZZ, TPX, DXYN, LEG, MHK)
Dec 13, 2012 (SmarTrend(R) News Watch via COMTEX) --
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.Sealy ranks highest with a a debt to asset ratio of 0.78. Following is Tempur-Pedic International with a a debt to asset ratio of 0.71. Dixie ranks third highest with a a debt to asset ratio of 0.40.
Leggett & Platt follows with a a debt to asset ratio of 0.33, and Mohawk Industries rounds out the top five with a a debt to asset ratio of 0.24.
SmarTrend recommended that subscribers consider buying shares of Leggett & Platt on July 3rd, 2012 as our technology indicated a new Uptrend was in progress when shares hit $21.17. Since that recommendation, shares of Leggett & Platt have risen 25.4%. We continue to monitor Leggett & Platt for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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