AeroVironment Inc (AVAV)
Current ratio
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 606,516 | 543,886 | 514,845 | 500,346 | 515,581 | 500,691 | 500,691 | 524,045 | 524,045 | 481,688 | 481,688 | 477,002 | 390,881 | 390,881 | 357,532 | 357,532 | 357,268 | 357,268 | 368,909 | 354,522 |
| Total current liabilities | US$ in thousands | 172,161 | 128,908 | 111,611 | 117,358 | 144,879 | 107,531 | 107,531 | 109,304 | 109,304 | 107,189 | 107,189 | 121,334 | 116,397 | 116,397 | 103,854 | 103,854 | 95,876 | 95,876 | 101,391 | 87,483 |
| Current ratio | 3.52 | 4.22 | 4.61 | 4.26 | 3.56 | 4.66 | 4.66 | 4.79 | 4.79 | 4.49 | 4.49 | 3.93 | 3.36 | 3.36 | 3.44 | 3.44 | 3.73 | 3.73 | 3.64 | 4.05 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $606,516K ÷ $172,161K
= 3.52
The analysis of AeroVironment Inc.'s current ratio over the specified periods reveals a generally stable liquidity position with some fluctuations. The current ratio, which measures the company's ability to meet short-term obligations with its short-term assets, has ranged from a low of approximately 3.36 in late January 2023 to a high of about 4.79 in late October 2023.
From January 31, 2022, through April 30, 2022, the ratio demonstrated a slight decline from 4.05 to 3.64, indicating a modest reduction in liquidity. This trend continued into July 2022, with ratios of 3.73, maintaining relative stability. The ratio then experienced a gradual decline to 3.44 by late October 2022, suggesting a slight decrease in liquidity buffer during this period.
Following this lower point, the ratio recovered and increased significantly, reaching 3.93 by April 2023. A notable surge occurred in the third quarter of 2023, with the ratio climbing to 4.49 in July and remaining at this elevated level through October 2023. This indicates an improved liquidity position, possibly due to increased current assets or reduced current liabilities.
Subsequent periods show the ratio remaining relatively high, fluctuating slightly but maintaining a level above 4.20, with a peak of 4.66 in January 2024. The ratio then declined again to approximately 3.56 in April 2024 but rebounded to over 4.26 by July 2024 and stayed elevated at 4.61 in October 2024. The latest data for January 2025 indicates a ratio of 4.22, with a further decline to 3.52 projected for April 2025.
Overall, AeroVironment Inc. exhibits a strong and consistent liquidity position, with current ratios well above 1.0 throughout the period, implying a solid capacity to cover short-term liabilities. The fluctuations observed suggest periods of liquidity enhancement, particularly in mid-2023, and slight reductions thereafter, yet the ratios remain comfortably high, indicative of prudent short-term financial management.
Peer comparison
Apr 30, 2025