La-Z-Boy Incorporated (LZB)
Financial leverage ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,958,880 | 1,928,200 | 1,917,620 | 1,913,440 | 1,913,440 | 1,918,290 | 1,918,290 | 1,880,020 | 1,880,020 | 1,847,580 | 1,847,580 | 1,866,260 | 1,866,260 | 1,846,360 | 1,846,360 | 1,857,540 | 1,857,540 | 1,918,980 | 1,918,980 | 1,932,090 |
| Total stockholders’ equity | US$ in thousands | 1,021,270 | 1,009,920 | 999,209 | 1,003,060 | 1,003,060 | 978,220 | 978,220 | 964,283 | 964,283 | 953,262 | 953,262 | 941,836 | 941,836 | 906,098 | 906,098 | 874,658 | 874,658 | 835,262 | 835,262 | 810,725 |
| Financial leverage ratio | 1.92 | 1.91 | 1.92 | 1.91 | 1.91 | 1.96 | 1.96 | 1.95 | 1.95 | 1.94 | 1.94 | 1.98 | 1.98 | 2.04 | 2.04 | 2.12 | 2.12 | 2.30 | 2.30 | 2.38 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,958,880K ÷ $1,021,270K
= 1.92
La-Z-Boy Incorporated's financial leverage ratio has exhibited a decreasing trend over the specified time period, from 2.38 in April 2022 to 1.92 in January 2025. This indicates a reduction in the company's reliance on debt financing to fund its operations and investments. A lower financial leverage ratio signifies a stronger financial position as it indicates that a smaller proportion of the company's assets are financed by debt, reducing the risk of financial distress in case of economic downturns or other adverse circumstances. Overall, the declining trend in La-Z-Boy's financial leverage ratio suggests improving financial stability and a more conservative capital structure over the analyzed period.
Peer comparison
Jan 31, 2025