AeroVironment Inc (AVAV)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.26 | 1.22 | 1.19 | 1.18 | 1.29 | 1.21 | 1.21 | 1.27 | 1.27 | 1.44 | 1.44 | 1.50 | 1.48 | 1.48 | 1.47 | 1.47 | 1.49 | 1.49 | 1.50 | 1.50 |
April 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,120,570K ÷ $886,507K
= 1.26
The financial leverage ratio of AeroVironment Inc. exhibits a general declining trend over the analyzed period. Initially, the ratio remained relatively stable around 1.50 from January 2022 through April 2022, indicating a consistent level of leverage during this period. Slight fluctuations occurred, with the ratio decreasing marginally to approximately 1.47 by the end of October 2022.
In 2023, the ratio experienced minor variations, maintaining around 1.48 in early January before increasing to 1.50 by April. However, a notable decline emerged in the latter half of 2023, with the ratio decreasing significantly to 1.44 by July and remaining at that level through October. This reduction signals a decrease in leverage, possibly reflecting efforts to deleverage or a shift in capital structure.
The downward trend intensified towards the end of 2023 and early 2024, where the ratio further declined to 1.27 in October 2023 and continued decreasing into early 2024, reaching approximately 1.21 in January 2024. The ratio thereafter showed some fluctuations, increasing modestly to about 1.29 in April 2024 but generally remaining below the earlier levels.
Looking into 2025, the leverage ratio stabilized around 1.22 in January and February, with a slight increase to 1.26 by April. Overall, the data indicates that AeroVironment Inc.'s financial leverage has decreased substantially from its earlier levels, signifying a reduction in debt relative to equity or assets over the period. This shift suggests a move towards a less leveraged capital structure, which may reflect an improved financial position or strategic realignment to reduce risk.
Peer comparison
Apr 30, 2025