AeroVironment Inc (AVAV)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 822,745 | 812,985 | 793,730 | 574,545 | 550,970 | 621,513 | 607,483 | 599,923 | 607,969 | 602,428 | 599,902 | 598,240 | 612,093 | 523,906 | 519,929 | 509,901 | 481,506 | 462,571 | 444,176 | 437,050 |
| Debt-to-equity ratio | 0.02 | 0.04 | 0.09 | 0.21 | 0.23 | 0.25 | 0.26 | 0.29 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $17,092K ÷ $822,745K
= 0.02
The debt-to-equity ratio of AeroVironment Inc has shown a fluctuating trend over the periods provided. The company's debt-to-equity ratio was relatively low in the earlier periods, ranging from 0.02 to 0.09, indicating a conservative capital structure with a higher proportion of equity relative to debt.
However, from Oct 29, 2022, onwards, the debt-to-equity ratio started to increase, reaching its peak at 0.31 in the final three periods. This increase suggests that AeroVironment Inc has been relying more on debt financing compared to equity, possibly to fund growth opportunities, acquisitions, or other strategic initiatives.
It is noteworthy that in the earlier periods from 2018 to 2020, the debt-to-equity ratio was reported as 0.00, indicating either minimal debt or no debt on the company's balance sheet during that time.
Overall, the increasing trend in the debt-to-equity ratio in recent periods may be an indication of a shift towards more leverage and would be important to monitor for potential impacts on the company's financial stability and risk profile in the future.
Peer comparison
Apr 30, 2024