La-Z-Boy Incorporated

NYSE LZB

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La-Z-Boy Incorporated Cash to Debt Ratio 2 year CAGR for the year ending April 30, 2019: 53.89%

La-Z-Boy Incorporated Cash to Debt Ratio 2 year CAGR is 53.89% for the year ending April 30, 2019. The cash to debt ratio assesses a company's ability to cover its total debt obligations with its available cash. It is calculated by dividing cash by total debt. This ratio indicates the company's liquidity and its capacity to meet its debt obligations using its cash reserves. A higher cash to debt ratio suggests a stronger ability to cover debts with cash resources. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • La-Z-Boy Incorporated Cash to Debt Ratio for the year ending April 30, 2019 was 652.36, a 104.66% 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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