AeroVironment Inc (AVAV)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital ratio | 0.02 | 0.04 | 0.08 | 0.17 | 0.19 | 0.20 | 0.20 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| Financial leverage ratio | 1.23 | 1.21 | 1.27 | 1.44 | 1.50 | 1.48 | 1.47 | 1.49 | 1.50 | 1.50 | 1.54 | 1.52 | 1.52 | 1.12 | 1.11 | 1.15 | 1.11 | 1.10 | 1.10 | 1.10 |
The solvency ratios of AeroVironment Inc indicate the company's ability to meet its long-term financial obligations.
The debt-to-assets ratio has been relatively low and stable, ranging from 0.02 to 0.20 over the past several quarters. This suggests that AeroVironment has a low level of debt in relation to its total assets.
Similarly, the debt-to-capital ratio and debt-to-equity ratio have also shown a consistent and relatively low trend over the same period. These ratios have remained below 0.30, indicating that the company relies less on debt financing compared to its capital and equity.
The financial leverage ratio, which measures the proportion of assets financed by debt, has exhibited stability around 1.50, reflecting a moderate level of financial leverage used by AeroVironment.
Overall, the solvency ratios of AeroVironment Inc suggest a prudent approach to managing its long-term debt obligations, with a conservative capital structure and a strong financial position.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 71.18 | -117.55 | -129.32 | -175.73 | -211.44 | 0.03 | -19.62 | -1.20 | -12.53 | -3.62 | 16.25 | 21.41 | 26.43 | 24.03 | 14.15 | 10.53 | 9.49 | 12.97 | 14.94 | 20.03 |
AeroVironment Inc's interest coverage ratio has depicted significant fluctuations over the past several quarters. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
The interest coverage ratio for AeroVironment Inc was particularly concerning in the periods between October 2022 and January 2023, as well as July 2023 to January 2024, when it fell into negative territory. This indicates that the company's operating income was insufficient to cover its interest expenses during these periods.
However, there was a notable improvement in the interest coverage ratio in the most recent quarter, with a value of 71.18. This signifies that AeroVironment Inc's operating income was significantly higher than its interest expenses, indicating a stronger ability to meet its interest obligations.
Overall, AeroVironment Inc's interest coverage has been volatile, but the recent improvement in the ratio suggests a more favorable financial position in terms of its ability to cover interest expenses. It is important for investors and stakeholders to monitor this ratio continuously to assess the company's financial health and ability to manage its debt obligations.