La-Z-Boy Incorporated (LZB)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 27, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,003,060K
= 0.00
The debt-to-equity ratio for La-Z-Boy Incorporated has consistently been 0.00 for the past five years, indicating that the company has not relied on debt financing to fund its operations and growth. This suggests that La-Z-Boy has a strong financial position with a low level of financial leverage. A debt-to-equity ratio of 0.00 typically signifies that the company has no debt or very minimal debt compared to its equity, which could be perceived positively by investors and creditors as it reflects a lower financial risk and potential stability in the company's capital structure. It is important to note that a low debt-to-equity ratio may also limit the company's ability to leverage debt for potential growth opportunities or tax advantages. Nonetheless, La-Z-Boy's consistent 0.00 debt-to-equity ratio implies a conservative financial strategy and may indicate a strong balance sheet position.
Peer comparison
Apr 27, 2024