La-Z-Boy Incorporated (LZB)
Financial leverage ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,922,160 | 1,913,440 | 1,913,440 | 1,866,260 | 1,866,260 |
| Total stockholders’ equity | US$ in thousands | 1,020,620 | 1,003,060 | 1,003,060 | 941,836 | 941,836 |
| Financial leverage ratio | 1.88 | 1.91 | 1.91 | 1.98 | 1.98 |
April 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,922,160K ÷ $1,020,620K
= 1.88
The financial leverage ratio of La-Z-Boy Incorporated demonstrates a modest declining trend over the observed period. As of April 29 and April 30, 2023, the ratio was recorded at 1.98, indicating a relatively high level of debt relative to equity during that timeframe. By April 27 and April 30, 2024, the ratio decreased slightly to 1.91, reflecting a slight reduction in leverage. This downward movement continued into the fiscal year ending April 30, 2025, with the ratio declining further to 1.88. The gradual decrease in the financial leverage ratio suggests that La-Z-Boy Incorporated has been reducing its reliance on debt financing relative to its equity over this period, potentially indicating improved debt management or shifts in capital structure. Overall, the trend points towards a marginal but consistent decline in financial leverage, which could be viewed as a move towards a more conservative financial stance.
Peer comparison
Apr 30, 2025