AeroVironment Inc (AVAV)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | 31,292 | — | 73,678 | — | 118,537 | — | — | 155,763 | — | 155,622 | — | 175,481 | — | — |
| Total assets | US$ in thousands | 1,120,570 | 1,048,140 | 1,019,080 | 999,169 | 1,060,840 | 980,299 | 980,299 | 1,006,700 | 1,006,700 | 826,060 | 826,060 | 824,577 | 921,202 | 921,202 | 891,682 | 891,682 | 896,654 | 896,654 | 914,200 | 905,263 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.07 | 0.00 | 0.14 | 0.00 | 0.00 | 0.17 | 0.00 | 0.17 | 0.00 | 0.20 | 0.00 | 0.00 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,120,570K
= 0.00
The analysis of AeroVironment Inc's debt-to-assets ratio over the specified period reveals a predominantly minimal to nonexistent use of debt relative to total assets. In the fiscal periods ending January 31, 2022, and April 30, 2022, the ratio remains at 0.00, indicating that the company's assets were financed entirely through equity or other non-debt sources.
A slight increase is observed in the period ending July 30, 2022, where the ratio reaches 0.20, suggesting a modest introduction of debt financing during that time. However, subsequent periods generally show the ratio reverting to 0.00 or very low levels, with intermittent fractional values such as 0.17 in October 2022 and January 2023, and 0.14 in July 2023, before declining further.
From late 2023 onward, the debt-to-assets ratio consistently remains at 0.00, indicating a sustained low or negligible leverage position. The pattern reflects an overall conservative approach to leverage, with the company primarily using equity or internal cash flows to finance its assets, and very limited reliance on debt financing throughout the examined timeframe.
This stability suggests that AeroVironment Inc maintains a low financial risk profile related to debt obligations and possibly emphasizes a strong equity base or cash reserves. The absence of significant fluctuations in the ratio underscores a strategic preference for minimal debt leverage, aligning with a conservative capital structure.
Peer comparison
Apr 30, 2025