La-Z-Boy Incorporated (LZB)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 840,912 | 819,161 | 834,375 | 836,808 | 836,808 | 850,391 | 850,391 | 841,016 | 841,016 | 829,480 | 829,480 | 854,600 | 854,600 | 848,994 | 848,994 | 857,313 | 857,313 | 919,826 | 919,826 | 951,776 |
| 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 |
| Current ratio | 1.85 | 1.88 | 1.90 | 1.91 | 1.91 | 1.93 | 1.93 | 1.95 | 1.95 | 1.89 | 1.89 | 1.80 | 1.80 | 1.67 | 1.67 | 1.56 | 1.56 | 1.44 | 1.44 | 1.41 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $840,912K ÷ $455,509K
= 1.85
The current ratio of La-Z-Boy Incorporated has shown a consistent trend of improvement over the periods presented. As of January 31, 2025, the current ratio stands at 1.85, indicating that the company's current assets are 1.85 times its current liabilities, implying a strong ability to meet its short-term obligations.
The gradual increase in the current ratio from 1.41 in April 30, 2022, to 1.85 in January 31, 2025, reflects a positive liquidity position for the company. This suggests that La-Z-Boy has been able to effectively manage its liquidity and working capital over the period.
Overall, the upward trend in the current ratio signifies that La-Z-Boy has maintained a healthy balance between its current assets and liabilities, which is crucial for meeting its short-term financial commitments and operational needs.
Peer comparison
Jan 31, 2025