La-Z-Boy Incorporated (LZB)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 314,589 | 303,062 | 342,270 | 341,098 | 341,098 | 329,324 | 329,324 | 329,632 | 329,632 | 336,434 | 336,434 | 343,374 | 343,374 | 280,763 | 280,763 | 204,626 | 204,626 | 238,170 | 238,170 | 245,589 |
| Short-term investments | US$ in thousands | — | 2,415 | 4,509 | 6,812 | 6,812 | 7,837 | 7,837 | 7,785 | 7,785 | 8,751 | 8,751 | 6,394 | 6,394 | 12,315 | 12,315 | 11,953 | 11,953 | 16,054 | 16,054 | 17,359 |
| Total current liabilities | US$ in thousands | 455,509 | 434,890 | 439,942 | 437,281 | 437,281 | 439,942 | 439,942 | 431,814 | 431,814 | 437,908 | 437,908 | 475,861 | 475,861 | 509,384 | 509,384 | 550,722 | 550,722 | 639,062 | 639,062 | 675,689 |
| Cash ratio | 0.69 | 0.70 | 0.79 | 0.80 | 0.80 | 0.77 | 0.77 | 0.78 | 0.78 | 0.79 | 0.79 | 0.74 | 0.74 | 0.58 | 0.58 | 0.39 | 0.39 | 0.40 | 0.40 | 0.39 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($314,589K
+ $—K)
÷ $455,509K
= 0.69
The cash ratio for La-Z-Boy Incorporated has shown a fluctuating trend over the reported periods, ranging from 0.39 to 0.80. The cash ratio measures a company's ability to cover its short-term obligations using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term liabilities with available cash.
In the most recent period reported, as of January 31, 2025, La-Z-Boy Incorporated had a cash ratio of 0.69. This indicates that the company had $0.69 in cash and cash equivalents for every $1 of its current liabilities. While the cash ratio has varied over time, it is essential to consider the industry standards and overall financial health of the company when interpreting these ratios.
It is crucial for stakeholders to monitor the company's cash ratio regularly to assess its liquidity position and ability to meet its short-term financial obligations. Additionally, comparing the cash ratio with industry peers and historical data can provide valuable insights into La-Z-Boy's financial performance and liquidity management.
Peer comparison
Jan 31, 2025