La-Z-Boy Incorporated (LZB)
Debt-to-equity ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,003,060 | 1,003,060 | 941,836 | 941,836 | 810,725 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,003,060K
= 0.00
The debt-to-equity ratio of La-Z-Boy Incorporated has consistently remained at 0.00 over the past few years. This indicates that the company does not rely heavily on debt to finance its operations and growth, as its debt levels are minimal or non-existent compared to its equity. La-Z-Boy's financial structure suggests a conservative approach to managing its capital and financial obligations, which may indicate lower financial risk and more stability in the long term. However, it is essential to consider other financial metrics and factors to gain a more comprehensive understanding of the company's overall financial health and performance.
Peer comparison
Apr 30, 2024