La-Z-Boy Incorporated (LZB)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 836,808 | 850,391 | 841,016 | 829,480 | 854,600 | 848,994 | 857,313 | 919,826 | 951,776 | 962,304 | 965,168 | 937,255 | 926,160 | 888,197 | 796,402 | 703,952 | 626,326 | 603,298 | 561,589 | 531,303 |
| 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 |
| Current ratio | 1.91 | 1.93 | 1.95 | 1.89 | 1.80 | 1.67 | 1.56 | 1.44 | 1.41 | 1.35 | 1.42 | 1.44 | 1.51 | 1.61 | 1.62 | 1.66 | 1.79 | 1.84 | 1.77 | 1.80 |
April 27, 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 shown a fluctuating trend over the past 20 quarters. The company's current ratio has generally been above 1, indicating that it has had more current assets than current liabilities to cover its short-term obligations during the period under review.
However, the current ratio has varied between 1.35 and 1.95, with the highest value recorded in Oct 28, 2023, suggesting a stronger short-term liquidity position at that time. The lowest current ratio was observed in Jan 22, 2022, which indicates a relatively weaker liquidity position compared to other quarters.
Overall, the current ratio has been relatively stable in recent quarters, hovering around the 1.8 mark, which suggests that La-Z-Boy Incorporated has maintained a healthy balance between its current assets and current liabilities in meeting its short-term financial obligations.
Peer comparison
Apr 27, 2024