La-Z-Boy Incorporated (LZB)
Current ratio
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 805,688 | 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 |
| Total current liabilities | US$ in thousands | 420,791 | 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 |
| Current ratio | 1.91 | 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 |
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 demonstrates a generally upward trend over the observed period from July 2022 to October 2024, indicating an improvement in the company's short-term liquidity position. Beginning at a ratio of 1.44 in July 2022, the ratio increased incrementally, reaching a peak of 1.95 in October 2023. This suggests that the company's current assets more than adequately cover its current liabilities during this period, reflecting a cautious but stable liquidity stance.
From October 2023 onward, the ratio exhibits slight fluctuations but remains relatively stable around the 1.90–1.95 range, with a minor decline to 1.88 by October 2024. The latest data indicates a ratio of approximately 1.85–1.91 in early 2025, reaffirming a consistent level of liquidity.
Overall, the trajectory of the current ratio indicates that La-Z-Boy has maintained a healthy liquidity cushion over the analyzed period, with the ability to meet short-term obligations comfortably. The ratio's prevalent position above 1.0 signifies a generally prudent liquidity profile, although a gradual stabilization suggests potential optimization of current assets and liabilities management.
Peer comparison
Apr 30, 2025