AeroVironment Inc (AVAV)
Quick ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 73,301 | 132,859 | 77,231 | 148,741 | 255,142 |
| Short-term investments | US$ in thousands | — | — | 24,716 | 31,971 | 47,507 |
| Receivables | US$ in thousands | 269,779 | 193,286 | 164,806 | 134,279 | 149,497 |
| Total current liabilities | US$ in thousands | 144,879 | 121,334 | 101,391 | 96,185 | 66,953 |
| Quick ratio | 2.37 | 2.69 | 2.63 | 3.27 | 6.75 |
April 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($73,301K
+ $—K
+ $269,779K)
÷ $144,879K
= 2.37
The quick ratio of AeroVironment Inc has exhibited some fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term liabilities using its most liquid assets.
In April 2024, the quick ratio was 2.37, indicating that the company had $2.37 in liquid assets available to cover each dollar of its current liabilities. This was a slight decrease from the previous year, where the quick ratio was 2.69.
Looking back to April 2020, the quick ratio was significantly higher at 6.75, showing a substantial amount of liquid assets available to cover short-term obligations. However, in the subsequent years, the quick ratio declined, indicating a potential decrease in liquidity or an increase in short-term liabilities.
Overall, AeroVironment Inc's quick ratio has fluctuated over the past five years, suggesting varying levels of liquidity and ability to cover short-term obligations. Further analysis of the underlying factors influencing these fluctuations would provide a more comprehensive understanding of the company's financial health.
Peer comparison
Apr 30, 2024