La-Z-Boy Incorporated (LZB)
Cash ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 328,449 | 341,098 | 341,098 | 343,374 | 343,374 |
| Short-term investments | US$ in thousands | — | 6,812 | 6,812 | 6,394 | 6,394 |
| Total current liabilities | US$ in thousands | 420,791 | 437,281 | 437,281 | 475,861 | 475,861 |
| Cash ratio | 0.78 | 0.80 | 0.80 | 0.74 | 0.74 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($328,449K
+ $—K)
÷ $420,791K
= 0.78
The cash ratio for La-Z-Boy Incorporated, as provided in the dataset, demonstrates a relatively stable liquidity position across the observed periods. On April 29, 2023, and April 30, 2023, the cash ratio stood at 0.74, indicating that the company's cash and cash equivalents were sufficient to cover approximately 74% of its current liabilities. This ratio remained unchanged on April 27, 2024, and April 30, 2024, maintaining a stable value of 0.80, which represents a slight improvement in liquidity coverage to 80%. Looking forward, the cash ratio as of April 30, 2025, is slightly lower at 0.78, suggesting a marginal decrease in liquidity relative to current liabilities, but still maintaining a level close to the earlier values. Overall, the company's cash ratio has exhibited consistency within a range of approximately 0.74 to 0.80 over the analyzed periods, reflecting a prudent liquidity posture with adequate cash reserves to meet short-term obligations. This stability indicates effective management of cash assets relative to current liabilities, with only minor fluctuations observed over the specified timeframe.
Peer comparison
Apr 30, 2025