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La-Z-Boy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $78 Mil. La-Z-Boy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $418 Mil. La-Z-Boy's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $978 Mil. La-Z-Boy's debt to equity for the quarter that ended in Jan. 2024 was 0.51.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for La-Z-Boy's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of La-Z-Boy was 0.58. The lowest was 0.00. And the median was 0.06.
The historical data trend for La-Z-Boy's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
La-Z-Boy Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial |
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- | 0.58 | 0.47 | 0.53 | 0.47 |
La-Z-Boy Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Debt-to-Equity | Get a 7-Day Free Trial |
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0.47 | 0.47 | 0.48 | 0.50 | 0.51 |
For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where La-Z-Boy's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
La-Z-Boy's Debt to Equity Ratio for the fiscal year that ended in Apr. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (77.751 | + | 368.163) | / | 941.836 | |
= | 0.47 |
La-Z-Boy's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (77.601 | + | 418.149) | / | 978.22 | |
= | 0.51 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
La-Z-Boy (NYSE:LZB) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of La-Z-Boy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Janet Kerr | director | 50 CASTILIAN DR, GOLETA CA 93117 |
Raza Syed Haider | director | ONE LA-Z-BOY DRIVE, MONROE MI 48162 |
Rebecca M Reeder | officer: Pres., Retail LZB Furn. Gall. | 1 LA-Z-BOY DRIVE, MONROE MI 48162 |
Mark Stephen Lavigne | director | 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141 |
Katherine E. Vanderjagt | officer: VP & Chief HR Officer | 1 LA-Z-BOY DRIVE, MONROE MI 48162 |
Robert Ii Sundy | officer: SVP & Chief Commercial Officer | 1 LA-Z-BOY DRIVE, MONROE MI 48162 |
Carol Young Lee | officer: VP & Chief Information Officer | 1 LA-Z-BOY DRIVE, MONROE MI 48162 |
Terrence James Linz | officer: President, La-Z-Boy Retail | 1 LA-Z-BOY DRIVE, MONROE MI 48162 |
Bryan Keith Wilson | officer: President Int'l & Joybird | 6 BELL STREET, MAIDENHEAD, BERKS X0 SL6 1BU |
Michael Adam Leggett | officer: Sr VP & Chief Supply Chain Off | 1 LA-Z-BOY DRIVE, MONROE MI 48162 |
Kurt L Darrow | director, officer: Chairman, President & CEO | ONE LA-Z-BOY DRIVE, MONROE MI 48162 |
Erika L. Alexander | director | 10400 FERNWOOD RD., BETHESDA MD 20817 |
Otis S Sawyer | officer: Senior Vice President | ONE LA-Z-BOY DRIVE, MONROE MI 48162 |
Raphaell Z. Richmond | officer: VP, GC & Chief Compliance Off | ONE LA-Z-BOY DRIVE, MONROE MI 48162 |
Jennifer Lynn Mccurry | officer: Chief Accounting Officer | ONE LA-Z-BOY DRIVE, MONROE MI 48162 |
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