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La-Z-Boy LT-Debt-to-Total-Asset

: 0.17 (As of Jan. 2021)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. La-Z-Boy's long-term debt to total assests ratio for the quarter that ended in Jan. 2021 was 0.17.

La-Z-Boy's long-term debt to total assets ratio declined from Jan. 2020 (0.19) to Jan. 2021 (0.17). It may suggest that La-Z-Boy is progressively becoming less dependent on debt to grow their business.

La-Z-Boy LT-Debt-to-Total-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

La-Z-Boy Annual Data
Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.19

La-Z-Boy Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.19 0.17 0.18 0.17

La-Z-Boy LT-Debt-to-Total-Asset Calculation

La-Z-Boy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2020 is calculated as

LT Debt to Total Assets (A: Apr. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Apr. 2020 )/Total Assets (A: Apr. 2020 )
=270.162/1434.889
=0.19

La-Z-Boy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2021 is calculated as

LT Debt to Total Assets (Q: Jan. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Jan. 2021 )/Total Assets (Q: Jan. 2021 )
=289.406/1740.172
=0.17

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

La-Z-Boy  (NYSE:LZB) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

La-Z-Boy LT-Debt-to-Total-Asset Related Terms

La-Z-Boy LT-Debt-to-Total-Asset Headlines

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