National Beverage Corp (FIZZ)
Debt-to-equity ratio
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 | 0 | 0 | 0 | 30,000 | 50,000 | — | — | 0 | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 559,512 | 510,221 | 467,170 | 422,075 | 372,487 | 339,504 | 295,115 | 264,106 | 239,438 | 206,250 | 446,846 | 408,290 | 355,997 | 316,016 | 558,076 | 508,940 | 452,337 | 422,202 | 399,513 | 366,236 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for National Beverage Corp has fluctuated over the past two years. From October 2021 to January 2022, the ratio increased from 0.00 to 0.24, indicating a higher level of debt relative to equity. However, in the subsequent periods, the ratio decreased back to 0.00, reflecting either a reduction in debt or an increase in equity.
It is worth noting that for the majority of the periods, the company maintained a debt-to-equity ratio of 0.00, suggesting a low or negligible level of debt compared to equity. This could indicate a conservative financial strategy where the company relies more on equity financing rather than debt financing.
Overall, the debt-to-equity ratio of National Beverage Corp appears to be well-managed, with a stable ratio over the analyzed period, reflecting a balanced capital structure. There was a brief spike in the ratio in early 2022, but the company quickly brought it back down to previous levels in subsequent periods.
Peer comparison
Apr 27, 2024