La-Z-Boy Incorporated (LZB)
Cash ratio
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 341,098 | 329,324 | 329,632 | 336,434 | 343,374 | 280,763 | 204,626 | 238,170 | 245,589 | 236,712 | 293,341 | 332,960 | 391,213 | 390,324 | 350,949 | 334,204 | 261,553 | 166,272 | 117,569 | 111,622 |
| Short-term investments | US$ in thousands | 6,812 | 7,837 | 7,785 | 8,751 | 6,394 | 12,315 | 11,953 | 16,054 | 17,359 | 16,226 | 17,883 | 20,016 | 20,569 | 20,229 | 18,436 | 11,816 | 21,971 | 22,433 | 23,273 | 29,456 |
| Total current liabilities | US$ in thousands | 437,281 | 439,942 | 431,814 | 437,908 | 475,861 | 509,384 | 550,722 | 639,062 | 675,689 | 713,470 | 680,540 | 652,337 | 611,670 | 550,847 | 490,312 | 424,546 | 350,169 | 328,522 | 317,606 | 295,850 |
| Cash ratio | 0.80 | 0.77 | 0.78 | 0.79 | 0.74 | 0.58 | 0.39 | 0.40 | 0.39 | 0.35 | 0.46 | 0.54 | 0.67 | 0.75 | 0.75 | 0.82 | 0.81 | 0.57 | 0.44 | 0.48 |
April 27, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($341,098K
+ $6,812K)
÷ $437,281K
= 0.80
The cash ratio of La-Z-Boy Incorporated has shown fluctuations over the past several quarters. The ratio measures the company's ability to cover its current liabilities with cash and cash equivalents on hand.
In the most recent quarter, La-Z-Boy's cash ratio was 0.80, indicating that the company had $0.80 in cash and cash equivalents for every $1 of current liabilities. This suggests a healthy liquidity position, as the company has a significant amount of cash to meet its short-term obligations.
Looking at the trend over the past few quarters, we can observe some variability in the cash ratio. The ratio has ranged from a low of 0.35 to a high of 0.82. This variability may reflect fluctuations in the company's cash holdings and current liabilities during this period.
Overall, the upward trend in the cash ratio from 0.35 to 0.80 indicates an improvement in La-Z-Boy's liquidity position over the past several quarters. However, it is important to continue monitoring the ratio to ensure that the company maintains sufficient cash reserves to meet its short-term obligations.
Peer comparison
Apr 27, 2024