La-Z-Boy Incorporated (LZB)

Based on the provided data for La-Z-Boy Incorporated, the company's solvency ratios demonstrate an exceptionally strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the years.

The debt-to-assets ratio, which indicates the proportion of a company's assets financed by debt, remained at 0.00 for each year from April 30, 2022, to April 30, 2024. This suggests that the company relies primarily on equity financing to support its operations, posing minimal financial risk from debt obligations.

Similarly, the debt-to-capital ratio, which measures the percentage of a company's capital structure that is comprised of debt, also stayed at 0.00 across the same period. This indicates that La-Z-Boy's capital structure is dominated by equity, resulting in little reliance on debt financing to fund its operations.

Moreover, the debt-to-equity ratio, which reflects the extent to which a company is leveraged by debt relative to its equity, remained consistently at 0.00 from 2022 to 2024. This signifies the company's ability to fund its activities with its own capital without resorting to debt.

Lastly, the financial leverage ratio, which provides insight into the proportion of a company's assets that are financed through debt, decreased from 2.38 on April 30, 2022, to 1.91 on both April 27, 2024, and April 30, 2024. This indicates a declining reliance on debt to support the company's asset base, further reinforcing its solid financial footing.

Overall, La-Z-Boy Incorporated's solvency ratios consistently demonstrate a robust financial position with minimal debt exposure and a strong reliance on equity financing to support its operations.

---

Coverage ratios

The interest coverage ratio for La-Z-Boy Incorporated has shown a healthy upward trend over the past few years. As of April 30, 2022, the interest coverage ratio stood at 230.60, indicating the company's ability to cover its interest expenses by a significant multiple. This ratio improved further to 394.48 by April 29, 2023, and remained strong at 384.93 by the end of April 30, 2023.

Despite some fluctuations, the interest coverage ratio continued to demonstrate solid performance, reaching 331.42 as of April 27, 2024, and further strengthening to 365.29 by April 30, 2024. This consistent improvement reflects La-Z-Boy's robust earnings and cash flow generation, suggesting the company's ability to comfortably meet its interest obligations, which is crucial for financial stability and sustainability. Overall, the upward trajectory of the interest coverage ratio indicates a favorable financial position for La-Z-Boy Incorporated.