AeroVironment Inc (AVAV)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 886,507 | 861,055 | 858,397 | 845,538 | 822,745 | 812,985 | 812,985 | 793,730 | 793,730 | 574,545 | 574,545 | 550,970 | 621,513 | 621,513 | 607,483 | 607,483 | 599,923 | 599,923 | 607,969 | 602,428 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.09 | 0.00 | 0.21 | 0.00 | 0.00 | 0.25 | 0.00 | 0.26 | 0.00 | 0.29 | 0.00 | 0.00 |
April 30, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $886,507K
= 0.00
The debt-to-equity ratio of AeroVironment Inc demonstrates a predominantly conservative capital structure throughout the reported period, with most observations registering at zero. Until July 30, 2022, the ratio remains at 0.00, indicating the absence of external debt relative to equity during this initial phase. A modest increase is observed beginning July 30, 2022, reaching 0.29, and subsequent measurements show fluctuations around this level, with values of 0.26 in October 2022 and 0.25 in January 2023, suggesting a minimal increase in leveraged financing.
However, from October 31, 2022, onward, the ratio persistently returns to 0.00, aligning with the pattern of negligible or no debt relative to equity. Notable is the decrease in the ratio to 0.09 by October 28, 2023, slightly above zero, before descending back to zero in several subsequent periods. The modest positive ratios recorded sporadically, such as 0.21 in July 2023 and 0.04 in January 2024, indicate that the company briefly adopted a minor level of leverage during these intervals, but overall, the trend remains characterized by negligible debt levels.
In summary, AeroVironment Inc maintains a low to negligible debt-to-equity ratio throughout the periods analyzed, reflecting a financial structure that relies predominantly on equity financing with minimal or no debt obligations. This approach suggests a conservative leverage strategy, potentially minimizing financial risk associated with debt service during the observed timeframe.
Peer comparison
Apr 30, 2025