La-Z-Boy (FRA:LAZ) Cash And Cash Equivalents : €302 Mil (As of Jan. 2024)

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What is La-Z-Boy Cash And Cash Equivalents?

La-Z-Boy's quarterly cash and cash equivalents increased from Jul. 2023 (€304.14 Mil) to Oct. 2023 (€312.16 Mil) but then stayed the same from Oct. 2023 (€312.16 Mil) to Jan. 2024 (€302.32 Mil).

La-Z-Boy's annual cash and cash equivalents declined from Apr. 2021 (€327.05 Mil) to Apr. 2022 (€227.42 Mil) but then increased from Apr. 2022 (€227.42 Mil) to Apr. 2023 (€313.16 Mil).

La-Z-Boy Cash And Cash Equivalents Historical Data

The historical data trend for La-Z-Boy's Cash And Cash Equivalents 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.

* Premium members only.

La-Z-Boy Cash And Cash Equivalents Chart

La-Z-Boy Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash And Cash Equivalents

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115.54

240.63

327.05

227.42

313.16

La-Z-Boy Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents	Get a 7-Day Free Trial															260.55	313.16	304.14	312.16	302.32

La-Z-Boy Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

La-Z-Boy (FRA:LAZ) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

La-Z-Boy Cash And Cash Equivalents Related Terms

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La-Z-Boy (FRA:LAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » La-Z-Boy Inc (FRA:LAZ) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

LZB:USA LAZ:Germany

Address

One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138

Website

https://www.la-z-boy.com

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.