Calavo Growers Inc (CVGW)
Debt-to-assets ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 44,890 | 7,300 | 39,823 | — | — | 6,000 | — | — | — | 7,100 | — | — | — | 7,100 | — | — | — | 6,200 | — | — |
| Total assets | US$ in thousands | 394,683 | 386,854 | 414,940 | 407,158 | 396,496 | 385,746 | 430,525 | 468,292 | 468,632 | 445,402 | 459,318 | 474,310 | 446,452 | 429,624 | 437,265 | 475,502 | 471,398 | 390,360 | 413,047 | 409,204 |
| Debt-to-assets ratio | 0.11 | 0.02 | 0.10 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $44,890K ÷ $394,683K
= 0.11
The debt-to-assets ratio of Calavo Growers Inc has varied over the past few quarters. The ratio was relatively low in most periods, indicating that the company carries a modest amount of debt compared to its total assets. However, there were certain periods, such as Jan 31, 2024 and Jul 31, 2023, where the ratio increased to 0.11 and 0.10, respectively, suggesting a higher level of debt relative to assets during those times.
It is noteworthy that in several quarters, including Apr 30, 2023, Jan 31, 2023, Apr 30, 2022, Jul 31, 2021, and Oct 31, 2020, the debt-to-assets ratio was at 0.00, indicating either minimal or no debt in relation to total assets during those periods. This could imply a conservative approach to leverage or strategic management of the company's capital structure to maintain a healthy financial position.
Overall, the fluctuation in the debt-to-assets ratio of Calavo Growers Inc reflects varying levels of debt utilization and financial risk management over the analyzed periods. Continued monitoring of this ratio will be essential to assess the company's leverage and financial stability.