La-Z-Boy Incorporated (LZB)
Quick ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 328,449 | 341,098 | 341,098 | 343,374 | 343,374 |
| Short-term investments | US$ in thousands | — | 6,812 | 6,812 | 6,394 | 6,394 |
| Receivables | US$ in thousands | 139,533 | 174,731 | 139,213 | 170,475 | 125,536 |
| Total current liabilities | US$ in thousands | 420,791 | 437,281 | 437,281 | 475,861 | 475,861 |
| Quick ratio | 1.11 | 1.20 | 1.11 | 1.09 | 1.00 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($328,449K
+ $—K
+ $139,533K)
÷ $420,791K
= 1.11
The quick ratio of La-Z-Boy Incorporated has demonstrated fluctuations over the specified periods. As of April 29, 2023, the quick ratio stood at 1.00, indicating that the company maintained just enough liquid assets to cover its current liabilities without relying on inventory sales. By April 30, 2023, the ratio increased slightly to 1.09, suggesting a marginal improvement in liquidity position.
The subsequent year saw an increase to 1.11 on April 27, 2024, reflecting a continued, though modest, enhancement in the company's ability to meet short-term obligations with its most liquid assets. This upward trend persisted, reaching a peak of 1.20 on April 30, 2024, signaling a relatively stronger liquidity position at that time.
By April 30, 2025, the quick ratio declined slightly back to 1.11. Despite this minor decrease, the ratio remained above 1.00, indicating that La-Z-Boy continued to possess sufficient liquid assets to cover its immediate liabilities, though the slight downward movement suggests a potential stabilization or slight easing in short-term liquidity.
Overall, the company's quick ratio reflects a stable liquidity position with a slight upward trajectory through 2023 and into early 2024, followed by a small retreat in 2025. These movements indicate prudent liquidity management, with the ratio remaining comfortably above the critical threshold of 1.00 throughout the observed periods, demonstrating the company's capability to meet its short-term financial commitments efficiently.
Peer comparison
Apr 30, 2025