La-Z-Boy Incorporated (LZB)
Debt-to-equity 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-equity 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-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 been reported as 0.00 in the financial statements over the past several quarters. This indicates that the company has no financial leverage through the use of debt to finance its operations and growth. A debt-to-equity ratio of 0.00 suggests that the company is primarily funded by equity, which may imply a more conservative financial structure. It is important to note that while a low debt-to-equity ratio can signify a lower risk level compared to companies with higher ratios, it could also indicate missed opportunities for leveraging debt to potentially enhance returns on equity. Monitoring this ratio over time can provide insights into the company's capital structure decisions and financial health.
Peer comparison
Apr 27, 2024