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

Company name
Symbol
Debt-to-equity ratio
La-Z-Boy Incorporated
LZB
0.00
Leggett & Platt Incorporated
LEG
1.34
Tempur Sealy International Inc
TPX
0.00