AeroVironment Inc (AVAV)
Quick ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,862 | 73,301 | 132,859 | 77,231 | 148,741 |
| Short-term investments | US$ in thousands | — | — | 0 | 24,716 | 31,971 |
| Receivables | US$ in thousands | 391,976 | 269,779 | 193,286 | 164,806 | 134,279 |
| Total current liabilities | US$ in thousands | 172,161 | 144,879 | 121,334 | 101,391 | 96,185 |
| Quick ratio | 2.51 | 2.37 | 2.69 | 2.63 | 3.27 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,862K
+ $—K
+ $391,976K)
÷ $172,161K
= 2.51
The quick ratio of AeroVironment Inc over the specified period demonstrates a relatively stable liquidity position, with some fluctuations observed from 2021 to 2025. As of April 30, 2021, the company maintained a high quick ratio of 3.27, indicating a strong immediate liquidity position, with sufficient liquid assets to cover current liabilities more than three times over. This ratio decreased significantly in 2022 to 2.63, reflecting a reduction in the company's ability to meet short-term obligations solely through its liquid assets, though the ratio still signified a solid liquidity buffer.
In 2023, the quick ratio experienced a slight increase to 2.69, suggesting an improvement or stabilization in the company's liquid asset levels relative to current liabilities. However, by April 2024, the ratio declined further to 2.37, indicating a continued slight reduction in liquidity liquidity resilience. In 2025, the ratio saw a marginal uptick to 2.51, which suggests some recovery in the company's immediate liquidity position.
Overall, while the quick ratio remains well above the commonly accepted threshold of 1.0, indicating that AeroVironment Inc generally possesses sufficient liquid assets to cover its short-term liabilities, the trend over recent years highlights a gradual decrease in liquidity margin. This pattern warrants monitoring to assess whether the company maintains its capacity for prompt short-term obligations amidst evolving operational or financial strategies.
Peer comparison
Apr 30, 2025