Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. La-Z-Boy's
Operating Income
for the
three
months ended in Jan. 2024 was $33 Mil. La-Z-Boy's Interest Expense for the
three
months ended in Jan. 2024 was $-0 Mil.
La-Z-Boy's interest coverage for the quarter that ended in Jan. 2024 was 307.18.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for La-Z-Boy's Interest Coverage or its related term are showing as below:
LZB'
s Interest Coverage Range Over the Past 10 Years
Min: 84.09 Med: 180.11 Max: 394.48
Current: 343.18
LZB's Interest Coverage is ranked better than 91.11% of 315
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 8.72
vs LZB: 343.18
The historical data trend for La-Z-Boy's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of La-Z-Boy's Interest Coverage
For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Interest Coverage distribution charts can be found below:
* The bar in red indicates where La-Z-Boy's Interest Coverage falls into.
La-Z-Boy Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
La-Z-Boy Interest Coverage Related Terms
Thank you for viewing the detailed overview of La-Z-Boy's Interest Coverage 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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