La-Z-Boy Incorporated (LZB)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.92 | 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 |
La-Z-Boy Incorporated has consistently maintained strong solvency ratios over the past few years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00, indicating that the company has no debt relative to its assets, capital, and equity.
Additionally, the financial leverage ratio has been declining steadily, from 2.38 in April 2022 to 1.92 in January 2025. This downward trend indicates that the company is relying less on debt to finance its operations and is becoming more financially stable.
Overall, the solvency ratios suggest that La-Z-Boy Incorporated is in a healthy financial position with minimal debt exposure and improving financial leverage, which bodes well for its long-term sustainability and ability to weather economic downturns.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Based on the data provided for La-Z-Boy Incorporated, the interest coverage ratio has exhibited fluctuations over the given time period. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt with its earnings before interest and taxes (EBIT).
The interest coverage ratio for La-Z-Boy Incorporated has shown a generally increasing trend from April 2022 to April 2024. Starting at a robust figure of 285.42 in April 2022, the ratio steadily improved and peaked at 411.96 in October 2022, indicating a strong ability to cover interest obligations.
However, the interest coverage ratio exhibited a downward trend from October 2022 to October 2024, falling to 322.93 in October 2024. This decrease suggests a potential decrease in the company's ability to cover interest payments with its earnings during this period.
Overall, while the interest coverage ratio for La-Z-Boy Incorporated has demonstrated fluctuations over the analyzed time frame, it is essential to closely monitor this ratio to assess the company's financial health and its ability to meet its debt obligations in the future.