La-Z-Boy Incorporated (LZB)
Quick ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 341,098 | 341,098 | 343,374 | 343,374 | 245,589 |
| Short-term investments | US$ in thousands | 6,812 | 6,812 | 6,394 | 6,394 | 17,359 |
| Receivables | US$ in thousands | — | 139,213 | — | 125,536 | — |
| Total current liabilities | US$ in thousands | 437,281 | 437,281 | 475,861 | 475,861 | 675,689 |
| Quick ratio | 0.80 | 1.11 | 0.74 | 1.00 | 0.39 |
April 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($341,098K
+ $6,812K
+ $—K)
÷ $437,281K
= 0.80
The quick ratio of La-Z-Boy Incorporated has demonstrated some variability over the years based on the data provided. It was at a concerning level of 0.39 as of April 30, 2022, indicating a potential liquidity issue. However, the company improved its quick ratio significantly to reach a healthy level of 1.00 as of April 29, 2023. Subsequently, there was a slight decrease to 0.74 as of April 30, 2023, which may have raised some liquidity concerns again.
The quick ratio improved notably to a strong level of 1.11 as of April 27, 2024, reflecting an enhanced ability to meet short-term obligations using its most liquid assets. However, there was a slight decline to 0.80 as of April 30, 2024, which could indicate a slight decrease in liquidity compared to the previous period.
Overall, the trend in La-Z-Boy Incorporated's quick ratio shows a mix of strengths and weaknesses in its liquidity position over the years, requiring close monitoring to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Apr 30, 2024