La-Z-Boy Incorporated (LZB)

The interest coverage ratios for La-Z-Boy Incorporated over the specified periods demonstrate significant fluctuations. As of April 29, 2023, the company's interest coverage was notably high at 394.48 times, indicating a robust capacity to meet interest obligations comfortably. This ratio slightly decreased by April 30, 2023, to 384.93, still reflecting a strong financial position with ample earnings relative to interest expense.

Moving forward to April 27, 2024, the ratio declined further to 331.42, which, while lower, remains well above typical threshold levels that would raise concerns about liquidity and debt servicing ability. By April 30, 2024, the ratio increased again to 364.99, suggesting a modest improvement and continued solid coverage capacity.

However, a significant decline is observed by April 30, 2025, when the ratio drops to zero. This indicates that, at this point, the company either reported no interest expense or experienced a substantial reduction in earnings available to cover interest, implying potential debt reduction, cessation of interest payments, or financial distress. Such a ratio level warrants further investigation into the company's financial activities and overall solvency status during that period.

Overall, until April 2024, La-Z-Boy's interest coverage ratios portray a consistently strong ability to satisfy interest obligations, but the zero ratio in April 2025 signals a dramatic change that could reflect improved debt management or financial difficulties contingent on additional context.

Peer comparison

Apr 30, 2025