La-Z-Boy Incorporated

NYSE LZB

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La-Z-Boy Incorporated Cash Interest Coverage Ratio 1 year YoY Change (%) for the year ending April 30, 2023: 333.63%

La-Z-Boy Incorporated Cash Interest Coverage Ratio 1 year YoY Change (%) is 333.63% for the year ending April 30, 2023, a 652.28% change year over year. The cash interest coverage ratio measures a company's ability to cover its interest expenses with its operating cash flow. It is calculated by dividing operating cash flow by interest expense. This ratio indicates the company's capacity to generate sufficient cash flow to meet its interest obligations. A higher ratio signifies better coverage and financial stability. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • La-Z-Boy Incorporated Cash Interest Coverage Ratio for the year ending April 30, 2022 was 88.27, a -60.41% change year over year.
  • La-Z-Boy Incorporated Cash Interest Coverage Ratio for the year ending April 30, 2021 was 222.96, a 75.26% change year over year.
  • La-Z-Boy Incorporated Cash Interest Coverage Ratio for the year ending April 30, 2020 was 127.22, a 30.14% change year over year.
  • La-Z-Boy Incorporated Cash Interest Coverage Ratio for the year ending April 30, 2019 was 97.76, a -54.56% change year over year.
NYSE: LZB

La-Z-Boy Incorporated

CEO Ms. Melinda D. Whittington
IPO Date Jan. 5, 1988
Location United States
Headquarters One La-Z-Boy Drive, Monroe, MI, United States, 48162-5138
Employees 10,500
Sector Consumer Cyclical
Industry Furnishings, fixtures & appliances
Description

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. The company also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

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September 20, 2024

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