La-Z-Boy Incorporated (LZB)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 169,794 | 181,161 | 176,584 | 172,969 | 156,462 | 139,977 | 142,069 | 144,034 | 160,349 | 180,810 | 185,512 | 193,826 | 201,636 | 209,446 | 219,249 | 229,052 | 245,954 | 222,904 | 209,748 | 212,355 |
| Interest expense (ttm) | US$ in thousands | 537 | 561 | 568 | 464 | 439 | 414 | 430 | 446 | 467 | 488 | 502 | 516 | 513 | 510 | 533 | 556 | 619 | 660 | 661 | 744 |
| Interest coverage | 316.19 | 322.93 | 310.89 | 372.78 | 356.41 | 338.11 | 330.39 | 322.95 | 343.36 | 370.51 | 369.55 | 375.63 | 393.05 | 410.68 | 411.35 | 411.96 | 397.34 | 337.73 | 317.32 | 285.42 |
January 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $169,794K ÷ $537K
= 316.19
La-Z-Boy Incorporated has shown a strong trend in its interest coverage ratio over the periods indicated in the data. The company's interest coverage ratio, which measures its ability to meet interest payments on its debt obligations, has consistently been well above 1, indicating a healthy ability to cover interest expenses.
The interest coverage ratio has shown an increasing trend from around 285.42 in April 2022 to a peak of 411.96 in October 2022. Despite some fluctuation in the subsequent periods, the ratio has generally remained at comfortable levels, with the latest reported ratio being 316.19 in January 2025.
Overall, the consistent maintenance of interest coverage ratios above 1 suggests that La-Z-Boy Incorporated has had a strong financial position to cover its interest obligations over the periods analyzed.
Peer comparison
Jan 31, 2025