La-Z-Boy Incorporated (LZB)
Current ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 836,808 | 836,808 | 854,600 | 854,600 | 951,776 |
| Total current liabilities | US$ in thousands | 437,281 | 437,281 | 475,861 | 475,861 | 675,689 |
| Current ratio | 1.91 | 1.91 | 1.80 | 1.80 | 1.41 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $836,808K ÷ $437,281K
= 1.91
The current ratio of La-Z-Boy Incorporated has been showing a positive trend over the past five years, increasing from 1.41 in April 30, 2022, to 1.91 in April 30, 2024. This indicates that the company's liquidity position has been strengthening, as it has more current assets available to cover its current liabilities. The current ratio of 1.91 as of April 30, 2024, suggests that La-Z-Boy Incorporated has sufficient short-term assets to meet its short-term obligations, reflecting a healthy financial position. It indicates that the company is capable of paying off its current liabilities comfortably and has room for potential investments or expansion opportunities.
Peer comparison
Apr 30, 2024