La-Z-Boy Incorporated (LZB)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,003,060 | 978,220 | 964,283 | 953,262 | 941,836 | 906,098 | 874,658 | 835,262 | 810,725 | 775,387 | 777,302 | 755,531 | 773,498 | 779,426 | 746,776 | 707,574 | 700,753 | 713,897 | 695,199 | 683,265 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,003,060K)
= 0.00
The debt-to-capital ratio for La-Z-Boy Incorporated has consistently been 0.00 over the past several quarters. This indicates that the company has not utilized debt as a significant portion of its capital structure. A debt-to-capital ratio of 0.00 implies that the company's capital is primarily financed by equity rather than debt. This could suggest that La-Z-Boy is not heavily reliant on borrowing to fund its operations or expansion, which may be viewed positively by investors and creditors as it potentially signifies lower financial risk and greater financial stability. However, it is also important to consider other factors such as the company's overall financial health, industry norms, and strategic decisions regarding capital structure in order to get a comprehensive understanding of its financial position.
Peer comparison
Apr 27, 2024