AeroVironment Inc (AVAV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,862 | 47,000 | 68,960 | 81,162 | 73,301 | 107,694 | 107,694 | 100,908 | 100,908 | 105,871 | 105,871 | 132,859 | 78,276 | 78,276 | 101,417 | 101,417 | 93,183 | 93,183 | 77,231 | 82,528 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 0 | 24,716 | 24,716 | 24,716 | 24,716 | 12,655 | 12,655 | 24,716 | 3,969 |
| Receivables | US$ in thousands | 391,976 | 310,882 | 278,115 | 255,591 | 269,779 | 209,905 | 209,905 | 221,412 | 221,412 | 186,472 | 186,472 | 193,286 | 171,340 | 171,340 | 133,061 | 133,061 | 141,459 | 141,459 | 164,806 | 166,310 |
| 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 |
| Quick ratio | 2.51 | 2.78 | 3.11 | 2.87 | 2.37 | 2.95 | 2.95 | 2.95 | 2.95 | 2.73 | 2.73 | 2.69 | 2.36 | 2.36 | 2.50 | 2.50 | 2.58 | 2.58 | 2.63 | 2.89 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,862K
+ $—K
+ $391,976K)
÷ $172,161K
= 2.51
The analysis of AeroVironment Inc.'s quick ratio over the specified period reveals a generally strong liquidity position, with consistent ratios well above 1.0, indicating that the company maintains sufficient liquid assets to meet its short-term obligations without relying on inventory sales.
From January 31, 2022, through October 31, 2022, the quick ratio experienced a gradual decline from 2.89 to 2.50. This steady decrease suggests a slight reduction in liquid assets or an increase in current liabilities during that timeframe, though the ratio remained comfortably above the threshold of 1.0, reflecting prudent liquidity management.
In early 2023, specifically by January 28-31, 2023, the ratio declined further to 2.36. Despite this decline, the ratio continued to signify a strong liquidity cushion. Subsequently, from April to October 2023, the quick ratio demonstrated an upward trend, reaching 2.73 and then 2.95, indicating an improvement in the company's short-term liquidity position during this period.
The most recent data available shows a ratio of 2.95 on October 31, 2023, which represents the highest level within the tracked period and suggests an enhanced liquidity position relative to prior periods. This upward trend continued into early 2024, with the ratio maintaining at 2.95 as of January 27-31, 2024.
In the subsequent months, there was a minimal decline to 2.37 by April 2024, followed by a rebound to 2.87 in July 2024, and further increase to 3.11 on October 31, 2024. The ratio remained robust at 2.78 as of January 31, 2025, before slightly decreasing to 2.51 by April 2025.
Overall, the company's quick ratio indicates a consistently solid liquidity position with fluctuations that reflect typical business cycles rather than financial distress. The ratios suggest the company has a comfortable buffer of liquid assets to cover immediate liabilities, although periodic decreases warrant ongoing attention to liquidity management strategies.
Peer comparison
Apr 30, 2025