What is La-Z-Boy Effective Interest Rate on Debt %?
Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. La-Z-Boy's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0 Mil. La-Z-Boy's average total debt for the quarter that ended in Jan. 2024 was $490 Mil. Therefore, La-Z-Boy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.09%.
La-Z-Boy Effective Interest Rate on Debt % Historical Data
The historical data trend for La-Z-Boy's Effective Interest Rate on Debt % 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.
Competitive Comparison of La-Z-Boy's Effective Interest Rate on Debt %
For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.
La-Z-Boy's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where La-Z-Boy's Effective Interest Rate on Debt % falls into.
La-Z-Boy Effective Interest Rate on Debt % Calculation
La-Z-Boy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as
* 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.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
La-Z-Boy (NYSE:LZB) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
La-Z-Boy Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of La-Z-Boy's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.
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