Calavo Growers Inc (CVGW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.96 | 1.85 | 1.91 | 1.92 | 1.84 | 1.73 | 1.92 | 2.10 | 2.11 | 1.98 | 1.78 | 1.75 | 1.72 | 1.69 | 1.63 | 1.68 | 1.65 | 1.37 | 1.39 | 1.43 |
January 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $394,683K ÷ $201,131K
= 1.96
The financial leverage ratio of Calavo Growers Inc has shown some fluctuations over the past few quarters. The ratio indicates how much of the company's assets are financed by debt compared to equity.
From January 2019 to January 2020, the financial leverage ratio increased steadily, reaching a peak of 2.11 in January 2022. This suggests that the company was relying more on debt to finance its operations during this period.
However, from January 2022 to July 2023, the financial leverage ratio fluctuated within a range of 1.73 to 1.98, indicating a mix of debt and equity financing being used. The ratio remained relatively stable during this time frame.
In the most recent period, the financial leverage ratio increased to 1.96 in January 2024. This uptick could suggest that the company may have increased its debt levels compared to equity, potentially to fund growth initiatives or operations.
Overall, while there have been fluctuations in the financial leverage ratio of Calavo Growers Inc, it is important for stakeholders to monitor these trends to assess the company's capital structure and financial risk.