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LZBLa-Z-Boy Incorporated
$40.95$1.6B
Overview & Verdict
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HomeStocksLZBBalance Sheet

La-Z-Boy Incorporated (LZB) Balance Sheet

30Y historyFree accessUpdated daily

The firm maintains a conservative capital structure with a 0.53 debt-to-equity ratio and a robust $303.2 million cash position to buffer against cyclical downturns.

LZB Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricApr'26Apr'25Apr'24Apr'23Apr'22Apr'21Apr'20Apr'19Apr'18Apr'17Apr'16Apr'15Apr'14Apr'13Apr'12Apr'11Apr'10Apr'09Apr'08Apr'07Apr'06Apr'05Apr'04Apr'03Apr'02Apr'01Apr'00Apr'99Apr'98Apr'97
Total Current Assets773.91M805.69M836.81M854.6M951.78M926.16M626.33M541.12M518.22M517.42M481.97M476.45M522.67M500.88M500M432.22M428.11M347.78M427.49M540.8M584.56M638.37M653.67M679.49M671.69M708.78M692.37M425.6M383M342.8M
Cash & Short-Term Investments303.21M331.07M347.91M349.77M266.21M415.27M261.55M151.18M150.78M141.86M112.36M98.3M149.66M131.09M152.37M115.26M108.42M17.36M14.98M51.72M24.09M37.7M33.88M28.82M26.77M23.57M14.35M33.6M28.7M25.4M
Cash Only303.21M328.45M341.1M343.37M248.86M394.7M261.55M129.82M134.51M141.86M112.36M98.3M149.66M131.09M152.37M115.26M108.42M17.36M14.98M51.72M24.09M37.7M33.88M28.82M26.77M23.57M14.35M33.6M28.7M25.4M
Short-Term Investments02.62M6.81M6.39M17.36M20.57M021.36M16.27M16.91M15.32M0000000000000000000
Accounts Receivable131.04M139.53M174.73M170.47M322.75M139.34M99.35M143.29M154.06M150.85M146.54M158.55M152.61M160M167.23M161.3M165.04M147.86M200.42M230.4M270.58M283.92M299.8M340.47M382.84M380.87M394.45M265.2M238.3M215M
Days Sales Outstanding22.4924.1531.1626.4849.9829.3321.2829.9635.536.2235.0740.641.0443.8349.5649.5951.084450.425251.5250.5954.7458.8464.8861.6283.8375.1878.578.02
Inventory218.44M255.28M263.24M276.26M303.19M226.14M181.64M196.9M184.84M175.11M175.59M156.79M147.01M146.34M143.79M138.44M134.19M140.18M178.36M197.79M238.83M260.56M250.57M252.54M208.66M257.89M245.8M96.5M91.9M78.8M
Days Inventory Outstanding6778.7882.4575.2174.9283.0467.4868.9270.1969.9767.9462.1460.158.8561.6160.6860.8857.6261.6160.659.7960.4758.785746.2355.1371.5638.0941.7139.71
Other Current Assets121.22M79.8M50.93M58.1M59.62M145.41M83.78M49.76M28.54M49.6M47.48M62.81M73.39M38.86M36.61M17.22M20.46M42.38M33.72M60.89M36.58M56.19M62.84M57.67M54.47M46.46M37.76M30.3M24.1M23.6M
Total Non-Current Assets1.27B1.12B1.08B1.01B1.12B974.18M808.56M518.67M374.75M371.43M318.06M298.15M248.62M219.49M185.74M161.23M180.71M204.76M341.38M337.89M386.62M387.99M393.82M443.57M489.08M513.73M525.93M204.2M197.4M185.6M
Property, Plant & Equipment877.44M792.06M744.69M694.85M658.9M562.99M533.41M200.52M180.88M169.13M171.59M174.04M127.53M118.06M114.37M120.6M138.86M150.23M171M183.22M209.99M210.56M212.74M209.41M205.46M230.34M227.88M126M121.8M114.7M
Fixed Asset Turnover2.42x2.66x2.75x3.38x3.58x3.08x3.19x8.70x8.76x8.99x8.89x8.19x10.64x11.29x10.77x9.84x8.49x8.17x8.48x8.83x9.13x9.73x9.40x10.08x10.48x9.80x7.54x10.22x9.10x8.77x
Goodwill243.3M205.59M214.45M205.01M194.6M175.81M161.02M185.87M75.25M74.25M37.19M15.16M13.92M12.84M000047.23M55.66M56.93M000000000
Intangible Assets77.58M51.16M47.25M39.38M33.97M30.43M28.65M29.91M18.19M18.49M8.56M5.46M4.54M4.84M3.03M3.1M3.1M3.1M9.01M9.47M18.79M100.85M96M149.95M225.02M233.74M252.01M47M49.4M38.7M
Long-Term Investments012.28M12.69M18.51M34.18M34.84M26.05M36.06M43.09M36.76M31.66M43.3M43.2M29.2M0000000000-46.1M-45.7M-50.3M-5.7M-5.5M-6.3M
Other Non-Current Assets70.1M48.03M47.27M45.01M48.03M44.17M38.59M45.64M36.07M32.67M27.37M25.12M26.99M23.98M34.7M34.65M38.29M51.43M87.22M74.16M100.91M76.58M85.08M84.21M58.6M35.96M46.04M31.2M26.2M32.2M
Total Assets2.04B1.92B1.91B1.87B2.07B1.9B1.43B1.06B892.97M888.86M800.03M774.6M771.29M720.37M685.74M593.46M608.82M552.54M768.87M878.69M971.17M1.03B1.05B1.12B1.16B1.22B1.22B629.8M580.4M528.4M
Asset Turnover1.04x1.10x1.07x1.26x1.14x0.91x1.19x1.65x1.77x1.71x1.91x1.84x1.76x1.85x1.80x2.00x1.94x2.22x1.89x1.84x1.97x2.00x1.91x1.88x1.86x1.85x1.41x2.04x1.91x1.90x
Asset Growth %6.25%0.46%2.53%-9.78%8.85%32.44%35.39%18.68%0.46%11.1%3.28%0.43%7.07%5.05%15.55%-2.52%10.18%-28.14%-12.5%-9.52%-5.38%-2.02%-6.73%-3.25%-5.05%0.35%93.44%8.51%9.84%2.11%
Total Current Liabilities429.89M420.79M437.28M475.86M675.69M611.67M350.17M238.64M181.35M198.68M157.43M154.89M167.38M150.16M149.76M132.1M147.28M126.03M163.91M228.21M228.41M228.72M283.32M214.59M226.89M249.91M237.01M132.4M108.3M97.7M
Accounts Payable101.88M95.98M96.49M107.46M104.03M94.15M55.51M65.36M62.4M51.28M44.66M46.17M56.18M50.54M56.63M49.54M54.72M41.57M56.42M66.24M85.56M82.79M93.3M78.93M68.5M92.83M90.39M45.4M36.7M28.6M
Days Payables Outstanding31.2529.6230.2229.2525.7134.5720.6222.8823.720.4917.2818.322.9620.3324.2721.7124.8317.0919.4920.321.4219.2121.8917.8115.1819.8526.3117.9216.6514.41
Short-Term Debt000075.27M67.61M75M180K223K219K290K07.5M513K1.83M5.12M1.07M8.72M4.79M37.69M10.84M12.76M42.56M1.62M2.28M16.23M13.58M2.8M6.2M6.6M
Deferred Revenue (Current)0105.47M35.52M150.71M139.01M108.46M57.81M59.83M31.28M26.59M20.96M23.72M20.9M15.85M12.2M11.2M009.18M82.82M0000-2.28M78.55M0000
Other Current Liabilities051.07M169.13M76.6M295.01M278.9M62.49M59.71M78.03M101.73M66.58M67.61M61.04M59.84M34.23M28.82M82.93M43.1M52.69M64.81M37.48M68.75M00062.31M133.04M84.2M65.4M62.5M
Current Ratio1.80x1.91x1.91x1.80x1.41x1.51x1.79x2.27x2.86x2.60x3.06x3.08x3.12x3.34x3.34x3.27x2.91x2.76x2.61x2.37x2.56x2.79x2.31x3.17x2.96x2.84x2.92x3.21x3.54x3.51x
Quick Ratio1.29x1.31x1.31x1.22x0.96x1.14x1.27x1.44x1.84x1.72x1.95x2.06x2.24x2.36x2.38x2.22x2.00x1.65x1.52x1.50x1.51x1.65x1.42x1.99x2.04x1.80x1.88x2.49x2.69x2.70x
Cash Conversion Cycle58.2473.3183.3872.4499.277.7968.147681.9985.785.7284.4478.1782.3686.988.5687.1484.5392.5492.389.8991.8491.6498.0395.9396.9129.0795.35103.55103.32
Total Non-Current Liabilities549.77M469.39M462.8M438.31M573.18M506.53M368.41M124.18M86.4M89.07M85.39M86.61M74.19M78.24M88.17M97.21M115.3M120.78M154.36M165.13M232.42M270.35M241.85M298.54M220.36M277.44M318.2M82.5M83.9M71.4M
Long-Term Debt000000019K0000277K7.58M7.93M29.94M46.92M52.15M99.58M111.39M173.37M213.55M181.81M221.1M137.44M196.92M236.09M62.7M67.2M54.6M
Capital Lease Obligations475.53M410.26M404.72M368.16M354.84M295.02M270.16M0199K199K513K433K0000000461K00819K1.27M1.94M2.5M0000
Deferred Tax Liabilities0000136.41M114.02M102.8M18.77M14.26M00000000724K0014.55M5.39M20.22M36.93M46.15M45.71M50.28M5.7M5.5M6.3M
Other Non-Current Liabilities74.24M59.13M58.08M70.14M81.94M97.48M98.25M124.16M86.2M88.88M84.88M86.18M73.92M70.66M80.23M67.27M67.92M67.91M54.78M37.9M44.5M51.41M39M39.24M34.83M32.31M31.82M14.1M11.2M10.5M
Total Liabilities979.66M890.19M900.08M914.17M1.25B1.12B718.58M362.81M267.75M287.75M242.82M241.5M241.58M228.4M237.92M229.31M262.58M246.81M318.27M393.34M460.83M499.07M525.17M513.13M447.25M527.36M555.21M214.9M192.2M169.1M
Total Debt564.29M490.86M481.75M445.91M430.11M362.64M409.54M199K422K515K803K830K7.77M8.09M9.76M35.06M47.98M60.87M104.37M149.4M184.21M226.31M224.37M223.99M141.66M215.64M249.67M65.5M73.4M61.2M
Net Debt261.07M162.41M140.65M102.54M181.26M-32.07M147.99M-129.62M-134.09M-141.34M-111.56M-97.47M-141.89M-123M-142.61M-80.2M-60.44M43.51M89.39M97.68M160.12M188.6M190.49M195.17M114.89M192.08M235.32M31.9M44.7M35.8M
Debt / Equity0.53x0.48x0.48x0.47x0.52x0.46x0.57x0.00x0.00x0.00x0.00x0.00x0.01x0.02x0.02x0.10x0.14x0.20x0.23x0.31x0.36x0.43x0.43x0.37x0.20x0.31x0.38x0.16x0.19x0.17x
Debt / EBITDA4.05x1.89x1.75x1.36x1.74x2.14x2.73x0.00x0.00x0.00x0.01x0.01x0.07x0.09x0.13x0.70x0.71x-13.13x2.53x3.81x2.46x3.85x1.16x1.01x1.30x1.43x0.51x0.75x0.65x
Net Debt / EBITDA1.87x0.63x0.51x0.31x0.74x-0.19x0.99x-0.81x-0.83x-0.88x-0.75x-0.78x-1.26x-1.36x-1.95x-1.60x-0.90x-11.24x1.65x3.31x2.05x3.27x1.01x0.82x1.15x1.35x0.25x0.46x0.38x
Interest Coverage266.01x270.97x365.29x384.93x230.67x105.97x112.63x82.49x240.57x122.85x263.15x197.26x168.08x95.75x43.59x12.07x15.50x-16.18x------------
Total Equity1.06B1.03B1.01B952.1M819.62M782.15M716.31M696.98M625.22M601.11M557.21M533.1M529.72M491.97M447.81M364.14M346.24M305.73M450.6M485.35M510.35M527.29M522.33M609.94M713.52M695.15M663.09M414.9M388.2M359.3M
Equity Growth %2.97%1.84%6.43%16.16%4.79%9.19%2.77%11.48%4.01%7.88%4.52%0.64%7.67%9.86%22.98%5.17%13.25%-32.15%-7.16%-4.9%-3.21%0.95%-14.36%-14.52%2.64%4.83%59.82%6.88%8.04%4.63%
Book Value per Share25.7124.3723.4122.0218.5016.8715.3314.7212.9912.1510.9810.189.849.168.536.976.695.948.779.409.8510.119.7310.6211.6711.4512.097.817.216.53
Total Shareholders' Equity1.05B1.02B1B941.84M810.73M773.5M700.75M682.51M612.18M589.92M547.14M524.15M521.89M484.83M441.9M361.32M342.1M305.73M450.6M485.35M510.35M527.29M522.33M609.94M713.52M695.15M663.09M414.9M388.2M359.3M
Common Stock40.35M41.16M42.44M43.32M43.09M45.36M45.86M46.95M46.79M48.47M49.33M50.75M51.98M52.39M52.24M51.91M51.77M51.48M51.43M51.38M51.78M52.23M52.03M55.03M59.95M60.5M61.33M52.3M53.6M17.9M
Retained Earnings610.42M597.43M598.01M545.15M431.18M399.01M343.63M325.85M291.64M284.7M252.47M235.51M238.38M226.04M189.61M126.62M108.71M70.77M190.22M223.9M246.39M273.14M253.01M342.63M444.17M427.62M392.46M332.9M342.1M314.7M
Treasury Stock000000000000000000000000000000
Accumulated OCI-1.53M-3.57M-5.87M-5.53M-5.8M-1.52M-6.95M-3.46M-25.2M-32.88M-34M-32.14M-31.38M-35.5M-31.28M-18.8M-20.25M-22.46M-435K1.79M1.35M-12.17M1.13M-3.8M-5.66M-3.9M-2.14M-3.8M-2M-2M
Minority Interest12.68M11.35M10.3M10.26M8.9M8.65M15.55M14.47M13.04M11.19M10.07M8.95M7.83M7.14M5.91M2.82M4.14M0000000000000

Key Metrics

Growth RegimeMixed
ProfitabilityModerate
Balance SheetFortress
Cash FlowMixed
Top Statement Risk

Cyclical housing market sensitivity

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q4)

Capital Stability Amidst Cyclical Headwinds

According to reported financial statements, La-Z-Boy has maintained a remarkably consistent equity base of approximately $1.0 billion over the last ten quarters, signaling a defensive capital structure that appears designed to withstand the inherent volatility of the discretionary home furnishings market throughout various economic cycles.

The stability in total equity despite fluctuating macroeconomic conditions suggests a disciplined approach to capital preservation. Investors should monitor whether this consistency persists if the current housing market stagnation forces further investment in the company-owned retail footprint.

Conservative Leverage Supports Financial Flexibility

Based on the provided balance sheet data, La-Z-Boy maintains a conservative debt-to-equity ratio of 0.53 as of 2026Q4, which indicates that the firm is not overly reliant on external financing to support its operations or its ongoing retail expansion strategy in a high-rate environment.

The modest leverage profile provides the company with significant optionality to navigate potential downturns without the immediate pressure of refinancing risks. This low debt burden appears to be a strategic choice that prioritizes balance sheet health over aggressive, debt-fueled growth.

Retail Pivot Increases Asset Intensity

As reported in recent filings, net property, plant, and equipment has grown from $744.7 million in 2024Q4 to $877.4 million in 2026Q4, reflecting the company's strategic shift toward a more asset-heavy, company-owned retail model to capture higher margins within its Century Vision framework.

This increase in fixed assets suggests a long-term commitment to controlling the consumer experience, though it also raises the company's exposure to fixed-cost absorption risks. Analysts should evaluate whether the returns on these retail assets justify the increased capital intensity compared to the historical wholesale-focused model.

Robust Liquidity Buffers Against Shocks

Based on the latest quarterly figures, La-Z-Boy holds $303.2 million in cash and maintains a current ratio of 1.80, which provides a substantial liquidity buffer to manage working capital requirements and potential seasonal fluctuations in demand for its motion furniture products.

The company's ability to maintain a strong cash position while simultaneously funding dividends and share repurchases suggests a high degree of financial resilience. This liquidity profile appears sufficient to cover short-term obligations even if the current housing-related demand headwinds persist for an extended period.

Goodwill Impairment Risk Remains Latent

As indicated by the balance sheet, goodwill has fluctuated between $205.6 million and $263.3 million over the last ten quarters, which warrants further investigation into the carrying value of acquired assets like Joybird during periods of inconsistent segment performance and broader retail market pressure.

While headline equity remains stable, the reliance on intangible assets for a portion of the balance sheet introduces a risk of non-cash impairment charges. Investors should monitor whether the performance of these acquired units aligns with the valuations currently reflected on the balance sheet.

LZB — Frequently Asked Questions

Quick answers to the most common questions about buying LZB stock.

What are the total assets of La-Z-Boy Incorporated (LZB)?

As of 2026, La-Z-Boy Incorporated (LZB) had total assets of $2.04B including $773.9M in current assets.

How much debt does La-Z-Boy Incorporated (LZB) have?

La-Z-Boy Incorporated (LZB) carries total debt of $564.3M, offset by $303.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of La-Z-Boy Incorporated?

La-Z-Boy Incorporated (LZB) has total shareholders' equity (book value) of $1.05B ($25.71 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is La-Z-Boy Incorporated's current ratio and liquidity?

La-Z-Boy Incorporated (LZB) reported a current ratio of 1.80x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.