AeroVironment Inc (AVAV)
Current ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 606,516 | 515,581 | 477,002 | 368,909 | 401,638 |
| Total current liabilities | US$ in thousands | 172,161 | 144,879 | 121,334 | 101,391 | 96,185 |
| Current ratio | 3.52 | 3.56 | 3.93 | 3.64 | 4.18 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $606,516K ÷ $172,161K
= 3.52
The current ratio of AeroVironment Inc. over the period from April 30, 2021, to April 30, 2025, demonstrates a relatively stable liquidity position, with some fluctuations observed during the period. As of April 30, 2021, the current ratio stood at 4.18, indicating a robust short-term liquidity position, with current assets significantly exceeding current liabilities. By April 30, 2022, the ratio declined to 3.64, reflecting a decrease in liquidity but still maintaining a strong position above the generally acceptable threshold of 1.0, which suggests the company could comfortably meet its short-term obligations.
Subsequently, the ratio experienced a slight increase to 3.93 as of April 30, 2023, indicating a modest improvement in current assets relative to current liabilities. However, this upward trend was not sustained, as the ratio decreased again to 3.56 by April 30, 2024, and further slightly declined to 3.52 by April 30, 2025. Despite these decreases, the current ratio remains substantially above 1.0, demonstrating that AeroVironment Inc. maintains healthy liquidity levels throughout this period.
Overall, the data suggests a consistent capacity to meet short-term liabilities with current assets, albeit with a gradual downward trend in the ratio over recent years. This pattern may reflect management strategies involving asset utilization, working capital management, or minor shifts in short-term liabilities, but it does not raise immediate concerns regarding liquidity sufficiency.
Peer comparison
Apr 30, 2025