AeroVironment Inc (AVAV)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,092 | 31,292 | 73,678 | 118,537 | 125,904 | 155,763 | 155,622 | 175,481 | 177,840 | 180,398 | 182,769 | 185,141 | 187,512 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,015,860 | 980,299 | 1,006,700 | 826,060 | 824,577 | 921,202 | 891,682 | 896,654 | 914,200 | 905,263 | 925,307 | 908,553 | 928,566 | 588,007 | 577,819 | 584,954 | 534,582 | 508,844 | 486,567 | 480,361 |
| Debt-to-assets ratio | 0.02 | 0.03 | 0.07 | 0.14 | 0.15 | 0.17 | 0.17 | 0.20 | 0.19 | 0.20 | 0.20 | 0.20 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 a fluctuating trend over the past several quarters, ranging from 0.02 to 0.20. Generally, a lower ratio indicates lower financial risk as it suggests that the company relies less on external borrowing to finance its assets.
In the latest period, the debt-to-assets ratio was 0.02, which implies that the company has a low level of debt relative to its total assets. This could indicate a conservative financial structure, with the company having a strong ability to cover its debt obligations using its assets.
On the other hand, the ratio peaked at 0.20 in some previous quarters, indicating that AeroVironment Inc had a higher level of debt in those periods. This could suggest a higher financial risk due to increased leverage and potential difficulties in repaying debt obligations.
Overall, the fluctuating trend in the debt-to-assets ratio suggests that AeroVironment Inc's capital structure has varied over time, reflecting different strategies in managing its debt levels and asset base. Investors and stakeholders may want to consider these trends when assessing the company's financial health and risk profile.
Peer comparison
Apr 30, 2024