La-Z-Boy Incorporated (LZB)

Solvency ratios

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
Debt-to-assets 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
Debt-to-capital 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
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
Financial leverage ratio 1.91 1.96 1.95 1.94 1.98 2.04 2.12 2.30 2.38 2.49 2.38 2.40 2.31 2.23 2.21 2.13 2.05 2.02 2.00 1.99

Based on the solvency ratios of La-Z-Boy Incorporated, we can see that the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 across the various reporting periods. This indicates that the company has not been utilizing debt significantly to finance its operations relative to its assets, capital, or equity.

However, the financial leverage ratio has shown some fluctuation over time, ranging from 1.91 to 2.49. A higher financial leverage ratio suggests that the company relies more on debt to finance its operations compared to equity. The increasing trend in the financial leverage ratio over recent periods may indicate a higher level of financial risk as the company becomes more leveraged.

Overall, while La-Z-Boy Incorporated has maintained low debt ratios, the increasing financial leverage ratio warrants careful monitoring to ensure the company's ability to meet its debt obligations and maintain financial stability in the long run.


Coverage ratios

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
Interest coverage 331.42 343.18 343.14 387.42 394.48 396.23 375.48 302.86 231.01 178.03 151.98 134.29 98.37 66.60 80.27 69.60 91.99 110.47 83.84 74.00

The interest coverage ratio for La-Z-Boy Incorporated has fluctuated over the past two years, indicating the company's ability to meet its interest obligations from its operating profits. The ratio has shown a general downward trend, starting at 74.00 in October 2019 and peaking at 394.48 in April 2023.

From July 2021 to April 2024, the interest coverage ratio has remained above 100, reaching significant highs such as 387.42 in July 2023 and 396.23 in January 2024. This suggests that the company has been generating significantly more operating income relative to its interest expenses during these periods.

However, there have been periods, notably in January 2021 and April 2021, where the interest coverage ratio dropped below 100, indicating a tighter situation where the company's operating income may not have been sufficient to cover its interest payments.

Overall, the recent trend of the interest coverage ratio being consistently above 100 is a positive indicator of La-Z-Boy's ability to meet its interest obligations, but stakeholders should continue monitoring the ratio to ensure the company maintains a sustainable financial position.