La-Z-Boy Incorporated (LZB)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 314,589 | 303,062 | 342,270 | 341,098 | 341,098 | 329,324 | 329,324 | 329,632 | 329,632 | 336,434 | 336,434 | 343,374 | 343,374 | 280,763 | 280,763 | 204,626 | 204,626 | 238,170 | 238,170 | 245,589 |
| Short-term investments | US$ in thousands | — | 2,415 | 4,509 | 6,812 | 6,812 | 7,837 | 7,837 | 7,785 | 7,785 | 8,751 | 8,751 | 6,394 | 6,394 | 12,315 | 12,315 | 11,953 | 11,953 | 16,054 | 16,054 | 17,359 |
| Receivables | US$ in thousands | — | — | — | — | 139,213 | — | 119,383 | — | 134,394 | — | 110,857 | — | 125,536 | — | 137,593 | — | 160,035 | — | 156,027 | — |
| 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 |
| Quick ratio | 0.69 | 0.70 | 0.79 | 0.80 | 1.11 | 0.77 | 1.04 | 0.78 | 1.09 | 0.79 | 1.04 | 0.74 | 1.00 | 0.58 | 0.85 | 0.39 | 0.68 | 0.40 | 0.64 | 0.39 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($314,589K
+ $—K
+ $—K)
÷ $455,509K
= 0.69
The quick ratio of La-Z-Boy Incorporated has shown fluctuations over the specified period. It was observed to be at its lowest at 0.39 as of April 30, 2022, indicating a relatively lower level of liquidity to cover short-term obligations. Subsequently, the quick ratio improved to 1.11 by April 27, 2024, suggesting a higher ability to meet short-term obligations with liquid assets.
Overall, the quick ratio has experienced variability, with some quarters indicating stronger liquidity positions (such as January 27, 2025, at 1.04) and others showing lower liquidity levels (such as April 30, 2022, and October 31, 2023, both at 0.39). This variability in the quick ratio may reflect fluctuations in the company's current assets and liabilities, which could be further analyzed to understand the underlying reasons for the changes.
Peer comparison
Jan 31, 2025