AeroVironment Inc (AVAV)
Debt-to-assets ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,092 | 125,904 | 177,840 | 187,512 | — |
| Total assets | US$ in thousands | 1,015,860 | 824,577 | 914,200 | 928,566 | 584,954 |
| Debt-to-assets ratio | 0.02 | 0.15 | 0.19 | 0.20 | 0.00 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,092K ÷ $1,015,860K
= 0.02
The debt-to-assets ratio of AeroVironment Inc has shown fluctuations over the past five years. In April 2024, the ratio stands at 0.02, indicating that the company has a low level of debt relative to its total assets. This signifies a conservative approach to financing its operations and investments, which could be viewed positively by investors and creditors.
Comparing this to previous years, there has been a notable decrease from 0.15 in April 2023, 0.19 in April 2022, and 0.20 in April 2021. In April 2020, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its assets at that time.
The decreasing trend in the debt-to-assets ratio could suggest that AeroVironment Inc has been managing its debt levels effectively or that the company has been growing its asset base faster than its debt. However, it is important to consider the reasons behind these changes and assess the overall financial health and strategy of the company in conjunction with this ratio analysis.
Peer comparison
Apr 30, 2024