La-Z-Boy Incorporated (LZB) Balance Sheet
LZB balance sheet, FY2026
April 30, 2026 · U.S. dollars$2.04B assets = $979.7M liabilities + $1.06B equity
Both columns are drawn to the same scale: what LZB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LZB financial health
Current ratio1.80
Comfortable · current assets cover current liabilities 1.80×
Debt / equity0.54
Moderate leverage · $0.54 of debt for each $1 of equity
Equity / assets51.4%
Equity-funded · of assets funded by shareholders
Cash / debt53.7%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles15.7%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
LZB balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $888.9MFY2017 | $2.04BFY2026 | +9.7%/yr | |
| Total liabilities | $287.8MFY2017 | $979.7MFY2026 | +14.6%/yr | |
| Shareholders’ equity | $589.9MFY2017 | $1.05BFY2026 | +6.6%/yr | |
| Cash & short-term investments | $141.9MFY2017 | $303.2MFY2026 | +8.8%/yr | |
| Total debt | $418,000FY2017 | $564.3MFY2026 | +122.7%/yr | |
| Net cash (debt) | $141.4MFY2017 | −$261.1MFY2026 | −$402.5M | |
| Working capital | $318.7MFY2017 | $344.0MFY2026 | +$25.3M | |
| Book value per share | $11.92FY2017 | $25.40FY2026 | +8.8%/yr | |
| Current ratio | 2.60FY2017 | 1.80FY2026 | −0.80 | |
| Debt / equity | 0.00FY2017 | 0.54FY2026 | +0.54 | |
| Shares outstanding | 49.5MFY2017 | 41.3MFY2026 | −2.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LZB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
LZB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
LZB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LZB balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $303.2M | $331.1M | $347.9M | $349.8M | $266.2M | $415.3M | $261.6M | $151.2M | $150.8M | $141.9M |
| Cash & equivalents | $303.2M | $328.4M | $341.1M | $343.4M | $248.9M | $394.7M | $261.6M | $129.8M | $134.5M | $141.9M |
| Short-term investments | — | $2.6M | $6.8M | $6.4M | $17.4M | $20.6M | $22.0M | $21.4M | $16.3M | $16.9M |
| Receivables | $131.0M | $139.5M | $174.7M | $170.5M | $322.8M | $139.3M | $99.4M | $143.3M | $154.1M | $150.8M |
| Inventory | $218.4M | $255.3M | $263.2M | $276.3M | $303.2M | $226.1M | $181.6M | $196.9M | $184.8M | $175.1M |
| Other current assets | $121.2M | $79.8M | $50.9M | $58.1M | $59.6M | $145.4M | $83.8M | $49.8M | $28.5M | $49.6M |
| Total current assets | $773.9M | $805.7M | $836.8M | $854.6M | $951.8M | $926.2M | $626.3M | $541.1M | $518.2M | $517.4M |
| Property, plant & equipment (net) | $877.4M | $792.1M | $744.7M | $694.8M | $658.9M | $563.0M | $533.4M | $200.5M | $180.9M | $169.1M |
| Goodwill & intangible assets | $320.9M | $256.8M | $261.7M | $244.4M | $228.6M | $206.2M | $189.7M | $215.8M | $93.4M | $92.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.1M | $43.1M | $36.8M |
| Other non-current assets | $70.1M | $67.7M | $70.2M | $72.4M | $229.2M | $204.9M | $85.5M | $66.3M | $57.3M | $72.8M |
| Total assets | $2.04B | $1.92B | $1.91B | $1.87B | $2.07B | $1.90B | $1.43B | $1.06B | $893.0M | $888.9M |
| Liabilities | ||||||||||
| Accounts payable | $101.9M | $96.0M | $96.5M | $107.5M | $104.0M | $94.2M | $55.5M | $65.4M | $62.4M | $51.3M |
| Short-term debt | $88.8M | $80.6M | $77.0M | $77.8M | $75.3M | $67.6M | $139.4M | $180,000 | $223,000 | $219,000 |
| Deferred revenue | $112.8M | $105.5M | $35.5M | $150.7M | $139.0M | $108.5M | $57.8M | $59.8M | $31.3M | $26.6M |
| Total current liabilities | $429.9M | $420.8M | $437.3M | $475.9M | $675.7M | $611.7M | $350.2M | $238.6M | $181.3M | $198.7M |
| Long-term debt | $0 | $1.9M | $1.2M | $225,000 | $350,000 | $473,000 | $0 | $19,000 | $199,000 | $296,000 |
| Lease obligations | $564.3M | $490.9M | $481.8M | $445.9M | $430.1M | $362.6M | $334.5M | $199,000 | $422,000 | $515,000 |
| Other long-term liabilities | $549.8M | $467.5M | $461.6M | $438.1M | $572.8M | $506.1M | $368.4M | $124.2M | $86.2M | $88.8M |
| Total liabilities | $979.7M | $890.2M | $900.1M | $914.2M | $1.25B | $1.12B | $718.6M | $362.8M | $267.8M | $287.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $40.3M | $41.2M | $42.4M | $43.3M | $43.1M | $45.4M | $45.9M | $47.0M | $345.7M | $338.1M |
| Retained earnings (deficit) | $610.4M | $597.4M | $598.0M | $545.2M | $431.2M | $399.0M | $343.6M | $325.8M | $291.6M | $284.7M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$1.5M | −$3.6M | −$5.9M | −$5.5M | −$5.8M | −$1.5M | −$7.0M | −$3.5M | −$25.2M | −$32.9M |
| Minority interest | $12.7M | $11.4M | $10.3M | $10.3M | $8.9M | $8.6M | $15.6M | $14.5M | $13.0M | $11.2M |
| Total shareholders' equity | $1.05B | $1.02B | $1.00B | $941.8M | $810.7M | $773.5M | $700.8M | $682.5M | $612.2M | $589.9M |
| Key figures | ||||||||||
| Total debt | $564.3M | $490.9M | $481.8M | $445.9M | $430.1M | $362.6M | $409.5M | $199,000 | $422,000 | $418,000 |
| Net cash (debt) | −$261.1M | −$159.8M | −$133.8M | −$96.1M | −$163.9M | $52.6M | −$148.0M | $151.0M | $150.4M | $141.4M |
| Working capital | $344.0M | $384.9M | $399.5M | $378.7M | $276.1M | $314.5M | $276.2M | $302.5M | $336.9M | $318.7M |
| Tangible book value | $729.1M | $763.9M | $741.4M | $697.5M | $582.1M | $567.3M | $511.1M | $466.7M | $518.7M | $497.2M |
| Book value per share | $25.40 | $24.10 | $23.18 | $21.78 | $18.30 | $16.68 | $14.99 | $14.42 | $12.72 | $11.92 |
| Shares outstanding | 41.3M | 42.3M | 43.3M | 43.2M | 44.3M | 46.4M | 46.7M | 47.3M | 48.1M | 49.5M |
| Current ratio | 1.80 | 1.91 | 1.91 | 1.80 | 1.41 | 1.51 | 1.79 | 2.27 | 2.86 | 2.60 |
| Quick ratio | 1.01 | 1.12 | 1.20 | 1.09 | 0.87 | 0.91 | 1.03 | 1.23 | 1.68 | 1.47 |
| Debt / equity | 0.54 | 0.48 | 0.48 | 0.47 | 0.53 | 0.47 | 0.58 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 51.4% | 53.1% | 52.4% | 50.5% | 39.2% | 40.7% | 48.8% | 64.4% | 68.6% | 66.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $272.7M | $303.2M | $308.9M | $341.2M | $321.3M | $331.1M | $317.2M | $305.5M | $346.8M | $347.9M | $341.0M | $341.3M |
| Cash & equivalents | $267.3M | $303.2M | $306.1M | $338.5M | $318.5M | $328.4M | $314.6M | $303.1M | $342.3M | $341.1M | $333.2M | $333.5M |
| Short-term investments | $5.4M | — | $2.8M | $2.7M | $2.7M | $2.6M | $2.6M | $2.4M | $4.5M | $6.8M | $7.8M | $7.8M |
| Receivables | $161.5M | $131.0M | $123.8M | $138.3M | $166.3M | $139.5M | $169.5M | $163.2M | $157.2M | $174.7M | $162.6M | $169.6M |
| Inventory | $234.3M | $218.4M | $235.1M | $225.6M | $252.1M | $255.3M | $288.7M | $289.2M | $271.8M | $263.2M | $276.8M | $268.5M |
| Other current assets | $77.9M | $121.2M | $140.9M | $118.2M | $53.5M | $79.8M | $65.5M | $61.3M | $58.6M | $50.9M | $69.9M | $61.7M |
| Total current assets | $746.4M | $773.9M | $808.7M | $823.3M | $793.2M | $805.7M | $840.9M | $819.2M | $834.4M | $836.8M | $850.4M | $841.0M |
| Property, plant & equipment (net) | $862.3M | $877.4M | $865.5M | $809.9M | $806.7M | $792.1M | $775.1M | $767.8M | $747.6M | $744.7M | $744.8M | $722.9M |
| Goodwill & intangible assets | $325.3M | $320.9M | $341.0M | $255.1M | $256.6M | $256.8M | $272.4M | $271.3M | $268.8M | $261.7M | $255.2M | $250.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $60.7M | $70.1M | $71.7M | $70.4M | $69.4M | $67.7M | $70.5M | $69.9M | $66.8M | $70.2M | $67.9M | $66.1M |
| Total assets | $1.99B | $2.04B | $2.09B | $1.96B | $1.93B | $1.92B | $1.96B | $1.93B | $1.92B | $1.91B | $1.92B | $1.88B |
| Liabilities | ||||||||||||
| Accounts payable | $113.0M | $101.9M | $117.9M | $104.0M | $99.7M | $96.0M | $106.6M | $107.5M | $94.2M | $96.5M | $86.8M | $98.1M |
| Short-term debt | $89.4M | $88.8M | $88.5M | $82.7M | $81.5M | $80.6M | $79.2M | $78.6M | $77.2M | $77.0M | $77.6M | $77.4M |
| Deferred revenue | — | $112.8M | $49.9M | — | $35.3M | $105.5M | — | $34.7M | $36.2M | $35.5M | $43.3M | $35.2M |
| Total current liabilities | $448.4M | $429.9M | $487.5M | $423.7M | $416.3M | $420.8M | $455.5M | $434.9M | $439.9M | $437.3M | $439.9M | $431.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $541.5M | $564.3M | $568.5M | $502.9M | $501.7M | $490.9M | $488.2M | $490.0M | $484.3M | $481.8M | $495.8M | $483.9M |
| Other long-term liabilities | $520.6M | $549.8M | $544.3M | $483.6M | $481.6M | $469.4M | $471.2M | $473.0M | $467.2M | $462.8M | $490.5M | $474.4M |
| Total liabilities | $968.9M | $979.7M | $1.03B | $907.3M | $897.9M | $890.2M | $926.7M | $907.9M | $907.1M | $900.1M | $930.4M | $906.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $40.1M | $40.3M | $40.9M | $41.2M | $41.2M | $41.2M | $41.4M | $41.6M | $42.0M | $42.4M | $42.6M | $42.9M |
| Retained earnings (deficit) | $570.7M | $610.4M | $606.9M | $608.3M | $589.2M | $597.4M | $603.6M | $594.6M | $590.3M | $598.0M | $575.4M | $567.4M |
| Accumulated other comprehensive income | −$729,000 | −$1.5M | −$2.1M | −$3.3M | −$2.8M | −$3.6M | −$5.5M | −$3.6M | −$4.5M | −$5.9M | −$4.9M | −$7.4M |
| Minority interest | $12.5M | $12.7M | $12.6M | $11.9M | $11.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.01B | $1.05B | $1.04B | $1.04B | $1.02B | $1.02B | $1.02B | $1.01B | $999.2M | $1.00B | $978.2M | $964.3M |
| Key figures | ||||||||||||
| Total debt | $541.5M | $564.3M | $1.05B | $502.9M | $501.7M | $490.9M | $488.2M | $490.0M | $484.3M | $481.8M | $495.8M | $483.9M |
| Net cash (debt) | −$268.9M | −$261.1M | −$739.5M | −$161.8M | −$180.4M | −$159.8M | −$171.0M | −$184.6M | −$137.5M | −$133.8M | −$154.7M | −$142.6M |
| Working capital | $298.0M | $344.0M | $321.2M | $399.5M | $376.9M | $384.9M | $385.4M | $384.3M | $394.4M | $399.5M | $410.4M | $409.2M |
| Tangible book value | $688.0M | $729.1M | $701.5M | $784.5M | $759.5M | $763.9M | $748.9M | $738.6M | $730.4M | $741.4M | $723.1M | $714.3M |
| Book value per share | $25.33 | $25.40 | $25.13 | $25.12 | $24.53 | $24.33 | $24.26 | $23.96 | $23.48 | $23.34 | $22.65 | $22.22 |
| Shares outstanding | 40.0M | 41.3M | 41.5M | 41.4M | 41.4M | 41.9M | 42.1M | 42.2M | 42.6M | 43.0M | 43.2M | 43.4M |
| Current ratio | 1.66 | 1.80 | 1.66 | 1.94 | 1.91 | 1.91 | 1.85 | 1.88 | 1.90 | 1.91 | 1.93 | 1.95 |
| Quick ratio | 0.97 | 1.01 | 0.89 | 1.13 | 1.17 | 1.12 | 1.07 | 1.08 | 1.15 | 1.20 | 1.14 | 1.18 |
| Debt / equity | 0.53 | 0.54 | 1.01 | 0.48 | 0.49 | 0.48 | 0.48 | 0.49 | 0.48 | 0.48 | 0.51 | 0.50 |
| Equity / assets | 50.8% | 51.4% | 50.0% | 53.1% | 52.8% | 53.1% | 52.1% | 52.4% | 52.1% | 52.4% | 51.0% | 51.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 16, 2026); data from EODHD.
LZB financial position
At the end of fiscal 2026 (April 30, 2026), La-Z-Boy had total assets of $2.0 billion (up 6.3% from a year earlier), total liabilities of $979.7 million and shareholders' equity of $1.0 billion. It held $303.2 million in cash and short-term investments against $564.3 million of debt, net debt of $261.1 million. Its current ratio was 1.80. In the latest quarter (ended July 31, 2026) total assets were $2.0 billion and equity $1.0 billion.
Related: LZB income statement, LZB cash flow statement, LZB key metrics. See the LZB stock overview for the latest quote and news.
LZB balance sheet FAQ
What are La-Z-Boy's total assets?
La-Z-Boy reported total assets of $2.0 billion at the end of fiscal 2026 (April 30, 2026), compared with $1.9 billion a year earlier.
How much debt does La-Z-Boy have?
La-Z-Boy had $564.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.54.
How much cash does La-Z-Boy have?
La-Z-Boy held $303.2 million in cash and short-term investments at the end of fiscal 2026; with $564.3 million of debt that is net debt of $261.1 million.
What is La-Z-Boy's book value?
La-Z-Boy's shareholders' equity (book value) was $1.0 billion at the end of fiscal 2026, or $25.40 per share.
What is La-Z-Boy's current ratio?
La-Z-Boy had current assets of $773.9 million and current liabilities of $429.9 million, a current ratio of 1.80 (it can cover its short-term obligations).
How much goodwill does La-Z-Boy have?
La-Z-Boy carried $320.9 million of goodwill and intangible assets, 15.7% of total assets, at the end of fiscal 2026.