National Beverage Corp (FIZZ)
Debt-to-equity ratio
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 30,000 | 0 | — |
| Total stockholders’ equity | US$ in thousands | 559,512 | 372,487 | 239,438 | 355,997 | 452,337 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 |
April 27, 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 shown a consistent trend of maintaining a very low level of debt relative to equity in recent years. In fact, the ratio has been at 0.00 for the majority of the past five years, indicating that the company has either no debt or very minimal debt compared to its equity. This suggests that National Beverage Corp relies more on equity financing rather than debt to fund its operations and growth, which can be seen as a positive indicator of financial stability and lower financial risk. However, it is important to note that a debt-to-equity ratio of 0.13 was reported for the fiscal year ending April 30, 2022, which may indicate a slight increase in leverage compared to previous years. Overall, the company's consistent low debt-to-equity ratio suggests a conservative financial approach and a strong balance sheet position.
Peer comparison
Apr 27, 2024