La-Z-Boy Incorporated (LZB)
Current ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 805,688 | 836,808 | 836,808 | 854,600 | 854,600 |
| Total current liabilities | US$ in thousands | 420,791 | 437,281 | 437,281 | 475,861 | 475,861 |
| Current ratio | 1.91 | 1.91 | 1.91 | 1.80 | 1.80 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $805,688K ÷ $420,791K
= 1.91
The current ratio of La-Z-Boy Incorporated has demonstrated a trend of stability and slight improvement over the recent period. As of April 29, 2023, and April 30, 2023, the current ratio was reported at 1.80. Moving forward to the fiscal year ending April 27, 2024, the ratio increased to 1.91, a slight uptick indicative of an improved liquidity position. This increase was maintained on April 30, 2024, with the ratio remaining at 1.91, suggesting consistency in the company's ability to cover its short-term liabilities with its short-term assets. The ratio sustained this higher level into the following fiscal year ending April 30, 2025, also recorded at 1.91. Overall, the data reflects a positive trend where La-Z-Boy's liquidity position has improved from a ratio of 1.80 to 1.91 over the analyzed period, indicating enhanced short-term financial stability and liquidity management.
Peer comparison
Apr 30, 2025