Calavo Growers Inc (CVGW)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 201,131 | 208,837 | 217,695 | 211,868 | 215,487 | 222,356 | 224,656 | 222,601 | 222,031 | 225,515 | 257,882 | 270,357 | 260,294 | 254,530 | 267,970 | 282,754 | 285,386 | 284,181 | 297,440 | 285,953 |
| Debt-to-equity ratio | 0.22 | 0.03 | 0.18 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $44,890K ÷ $201,131K
= 0.22
The debt-to-equity ratio of Calavo Growers Inc has shown fluctuations over the period indicated.
As of January 31, 2024, the debt-to-equity ratio stands at 0.22, indicating that the company's level of debt is significantly higher than its equity. This may suggest that the company relies more on debt financing to fund its operations and growth.
In October 2023, the ratio decreased to 0.03, which signifies a substantial reduction in the proportion of debt relative to equity in the company's capital structure. This could indicate that the company has paid off a significant amount of its debt or raised additional equity during this period.
The ratio increased to 0.18 in July 2023, suggesting a slight increase in the company's debt relative to its equity compared to the previous period. However, it dropped to 0.00 in the subsequent months, indicating either a significant decrease in debt levels or an increase in equity.
Notably, the company maintained very low or zero debt levels in several periods, such as April 2023, January 2023, July 2022, April 2022, January 2022, October 2021, and so on. This could imply that during these periods, Calavo Growers Inc relied more on equity financing or had minimal debt obligations compared to its equity base.
Overall, the trend in Calavo Growers Inc's debt-to-equity ratio suggests variability in the company's capital structure over time, demonstrating instances of both high debt levels and low to no debt dependence in its financing strategy.