National Beverage Corp (FIZZ)

National Beverage Corp has maintained a consistently low level of debt relative to its assets over the past five years, with a debt-to-assets ratio of 0.00 in each period. This indicates a strong ability to finance its assets with equity rather than debt. Similarly, the company has shown a low debt-to-capital ratio of 0.00 across the board, indicating minimal reliance on debt for funding its operations.

The debt-to-equity ratio has also been consistently low at 0.00 over the five-year period, reflecting a well-balanced capital structure and a healthy level of equity financing relative to debt. The financial leverage ratio, which measures the extent to which the company uses debt to finance its assets, has shown a decreasing trend from 1.95 in 2022 to 1.38 in 2024. This suggests that National Beverage Corp has been reducing its reliance on debt over the years, resulting in a lower financial risk and improved solvency.

Overall, the solvency ratios of National Beverage Corp indicate a strong financial position with minimal debt obligations and a healthy capital structure, which bodes well for the company's long-term financial stability and ability to meet its financial obligations.

---

Coverage ratios

The interest coverage ratio of National Beverage Corp has been fluctuating over the past five years. In the most recent fiscal year ending April 27, 2024, the interest coverage ratio was not provided in the table, indicating a lack of specific data for this period.

Looking at the previous years, we can observe a decreasing trend in the interest coverage ratio from 1,035.57 in May 1, 2021, to 44.69 in May 2, 2020. This downward trend suggests a potential deterioration in the company's ability to cover interest expenses with its operating income.

The significant drop in the interest coverage ratio from May 1, 2021 to May 2, 2020 could raise concerns about the company's financial health and its ability to meet its debt obligations. The ratio of 44.69 in May 2, 2020 indicates that the company's operating income was only 44.69 times its interest expenses for that year, which may signal a higher financial risk and potential challenges in managing debt.

It would be important for stakeholders to further investigate the reasons behind the declining interest coverage ratio and assess the company's overall financial stability and ability to service its debt obligations in the future.