National Beverage Corp (FIZZ)
Debt-to-equity ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 0 | — |
| Total stockholders’ equity | US$ in thousands | 559,512 | 559,512 | 372,487 | 372,487 | 239,438 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $559,512K
= 0.00
The debt-to-equity ratio of National Beverage Corp has consistently remained at 0.00 from April 30, 2022, to April 30, 2024. This indicates that the company has not utilized any debt to finance its operations during this period and relies solely on equity funding. A debt-to-equity ratio of 0.00 generally suggests a lower financial risk as the company is not heavily leveraged and has a strong equity position. It may imply that the company has a conservative financial structure and may be less vulnerable to financial distress caused by debt repayment obligations. However, it is important to note that a very low debt-to-equity ratio can also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders.
Peer comparison
Apr 30, 2024