AeroVironment Inc (AVAV)
Current ratio
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 515,581 | 500,691 | 524,045 | 481,688 | 477,002 | 390,881 | 357,532 | 357,268 | 368,909 | 354,522 | 364,077 | 344,918 | 401,638 | 507,599 | 486,792 | 503,927 | 455,329 | 469,588 | 421,912 | 410,203 |
| Total current liabilities | US$ in thousands | 144,879 | 107,531 | 109,304 | 107,189 | 121,334 | 116,397 | 103,854 | 95,876 | 101,391 | 87,483 | 101,429 | 82,660 | 96,185 | 53,478 | 46,323 | 66,953 | 43,108 | 44,866 | 39,491 | 40,752 |
| Current ratio | 3.56 | 4.66 | 4.79 | 4.49 | 3.93 | 3.36 | 3.44 | 3.73 | 3.64 | 4.05 | 3.59 | 4.17 | 4.18 | 9.49 | 10.51 | 7.53 | 10.56 | 10.47 | 10.68 | 10.07 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $515,581K ÷ $144,879K
= 3.56
The current ratio of AeroVironment Inc has shown fluctuations over the past few quarters, ranging from a low of 3.36 to a high of 4.79. This ratio measures the company's ability to meet its short-term obligations with its current assets. In general, a current ratio above 1 indicates that a company has more current assets than current liabilities, with higher ratios suggesting a stronger financial position.
AeroVironment's current ratio has been consistently above 3 in recent quarters, indicating a healthy liquidity position. The peak ratios of 4.66 and 4.79 in January and October 2024 respectively demonstrate a strong ability to cover short-term liabilities with current assets. However, it is important to note that the current ratio dropped to 3.36 in January 2023, which may suggest a temporary strain on liquidity during that period.
Overall, AeroVironment Inc's current ratio has generally been favorable, indicating that the company has sufficient current assets to meet its short-term obligations. Additional analysis of the company's current asset composition and liability structure would provide further insight into its liquidity management and overall financial health.
Peer comparison
Apr 30, 2024