National Beverage Corp (FIZZ)

The analysis of National Beverage Corp's solvency ratios, based on the provided data, indicates an exceptionally conservative financial position regarding leverage and debt management. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio are consistently reported as zero across all specified dates (April 29, 2023; April 30, 2023; April 27, 2024; April 30, 2024; April 30, 2025). This suggests that the company maintains no recorded debt in its capital structure, implying it operates entirely without leverage and relies solely on equity financing.

The financial leverage ratio exhibits values above 1 for the analyzed periods, ranging from 1.38 to 1.54. This ratio indicates that the company's total assets are 1.38 to 1.54 times its equity. Since leverage ratios above 1 imply the presence of assets financed through internal funds rather than external debt, and given the other ratios are zero, the consistent leverage figures may reflect specific accounting treatments or reporting conventions rather than actual leverage leverage.

Overall, the data demonstrates that National Beverage Corp's balance sheet appears to be free of debt obligations, with its assets and operations financed exclusively through equity. The relatively stable leverage ratio suggests a conservative financial structure focused on minimizing debt-related risks and maintaining high solvency.

---

Coverage ratios

The interest coverage ratio for National Beverage Corp, as of the data provided, indicates a substantial level of capacity to meet interest obligations. Specifically, on April 29, 2023, and April 30, 2023, the ratio stands at 771.42, reflecting an exceptionally high capacity to cover interest expenses. This ratio suggests that the company's earnings before interest and taxes (EBIT) are over 770 times greater than its interest expenses during these periods, implying a conservative safety margin and strong financial health in terms of debt servicing ability.

Furthermore, there are no updated interest coverage figures available beyond April 2023 for subsequent periods, such as April 27, 2024, April 30, 2024, or April 30, 2025, as indicated by the data showing a placeholder ("—"). This absence of data may reflect the lack of reported interest expense and EBIT figures for these future periods, or it may suggest that the company did not accrue interest expenses or that such figures are not disclosed at this time.

Overall, based on the available data, National Beverage Corp demonstrated an extremely high interest coverage ratio in April 2023, indicative of a robust ability to service its interest obligations. The absence of subsequent data limits the capacity for trend analysis or assessment of future financial robustness in this aspect.