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

Company name
Symbol
Cash ratio
La-Z-Boy Incorporated
LZB
0.78
Leggett & Platt Incorporated
LEG
0.41
Somnigroup International Inc.
SGI
0.12