La-Z-Boy Incorporated (LZB)
Debt-to-assets ratio
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,913,440 | 1,918,290 | 1,880,020 | 1,847,580 | 1,866,260 | 1,846,360 | 1,857,540 | 1,918,980 | 1,932,090 | 1,929,560 | 1,852,090 | 1,809,510 | 1,786,320 | 1,740,170 | 1,650,340 | 1,503,750 | 1,434,890 | 1,442,630 | 1,392,330 | 1,362,150 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 27, 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 across multiple reporting periods. This indicates that the company has not utilized debt financing to fund its operations or make investments in assets. A debt-to-assets ratio of 0.00 signifies that the company's assets are primarily financed by equity rather than debt. It reflects a strong financial position with lower financial risk, as the absence of debt means lower interest expenses and potential financial constraints. However, it's important to note that while a low debt-to-assets ratio is generally considered positive, it could also imply missed opportunities for leveraging debt to potentially enhance returns or growth. In the case of La-Z-Boy Incorporated, the consistent 0.00 debt-to-assets ratio suggests a deliberate strategic decision to maintain a debt-free capital structure.
Peer comparison
Apr 27, 2024