AeroVironment Inc (AVAV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 73,301 | 107,694 | 100,908 | 105,871 | 132,859 | 78,276 | 101,417 | 93,183 | 77,231 | 82,528 | 104,770 | 93,924 | 148,741 | 280,099 | 246,839 | 255,142 | 137,094 | 172,708 | 151,255 | 170,788 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 24,716 | 24,716 | 12,655 | 24,716 | 3,969 | 6,311 | 17,953 | 31,971 | 67,137 | 71,334 | 47,507 | 163,634 | 150,487 | 138,536 | 118,303 |
| Receivables | US$ in thousands | 269,779 | 209,905 | 221,412 | 186,472 | 193,286 | 171,340 | 133,061 | 141,459 | 164,806 | 166,310 | 157,291 | 133,217 | 134,279 | 101,274 | — | 149,497 | 90,659 | 84,919 | 80,293 | 73,672 |
| 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 |
| Quick ratio | 2.37 | 2.95 | 2.95 | 2.73 | 2.69 | 2.36 | 2.50 | 2.58 | 2.63 | 2.89 | 2.65 | 2.97 | 3.27 | 8.39 | 6.87 | 6.75 | 9.08 | 9.10 | 9.37 | 8.90 |
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 shown varying levels over the period in consideration. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
From Jul 27, 2019, to Apr 30, 2024, AeroVironment Inc quick ratio has generally been above 2, reaching a peak of 9.37 in Oct 27, 2018. This indicates a strong ability to cover short-term liabilities with its quick assets.
However, it is essential to note the significant fluctuations in the quick ratio over time. While a quick ratio above 1 indicates the company can meet its current obligations, extreme values such as 8.39 in Oct 31, 2020 and 9.08 in Jul 27, 2019 should be investigated further as they may represent anomalies in the data or specific events impacting the company's liquidity position.
Overall, the trend of the quick ratio for AeroVironment Inc reflects a generally healthy liquidity position, but closer analysis is necessary to understand the factors contributing to the significant fluctuations observed in the quick ratio over the period reviewed.
Peer comparison
Apr 30, 2024