La-Z-Boy Incorporated (LZB)
Debt-to-capital ratio
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,003,060 | 941,836 | 810,725 | 773,498 | 700,753 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 27, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,003,060K)
= 0.00
Based on the historical data provided for La-Z-Boy Incorporated, the debt-to-capital ratio has consistently been reported as 0.00 over the past five years. A debt-to-capital ratio of 0.00 typically indicates that the company has zero debt in its capital structure relative to its total capital. This suggests that La-Z-Boy has been effectively operating without relying on debt to finance its operations and investments. A consistent 0.00 debt-to-capital ratio reflects a strong financial position and indicates that the company has been primarily financing its activities through equity rather than debt. However, it's important to note that while a low or zero debt-to-capital ratio may indicate financial strength, it could also mean that the company is underutilizing debt as a potential source of cheaper capital.
Peer comparison
Apr 27, 2024