La-Z-Boy Incorporated (LZB)
Debt-to-assets ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,913,440 | 1,913,440 | 1,866,260 | 1,866,260 | 1,932,090 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,913,440K
= 0.00
The debt-to-assets ratio for La-Z-Boy Incorporated has consistently remained at 0.00 over the past several years, indicating that the company does not have any long-term debt obligations relative to its total assets. This suggests that La-Z-Boy has been able to finance its operations primarily through equity rather than debt, which can be a positive sign of financial stability and lower financial risk. A low debt-to-assets ratio also indicates that the company has a strong financial position and may have more flexibility in managing its capital structure. However, it is important to consider other financial metrics and factors to assess the overall financial health and performance of the company.
Peer comparison
Apr 30, 2024