National Beverage Corp (FIZZ)
Financial leverage ratio
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 770,153 | 574,342 | 467,804 | 557,237 | 648,646 |
| Total stockholders’ equity | US$ in thousands | 559,512 | 372,487 | 239,438 | 355,997 | 452,337 |
| Financial leverage ratio | 1.38 | 1.54 | 1.95 | 1.57 | 1.43 |
April 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $770,153K ÷ $559,512K
= 1.38
The financial leverage ratio of National Beverage Corp has shown fluctuations over the past five years. In 2024, the ratio stands at 1.38, indicating that the company's debt levels are relatively low compared to its equity. This suggests that National Beverage Corp relies more on equity financing rather than debt to support its operations.
The ratio was higher in 2022 at 1.95, signaling a higher level of financial leverage and potentially increased financial risk. This could imply that the company took on more debt during that period, either to fund growth opportunities or manage cash flow needs.
In 2023 and 2021, the financial leverage ratio was 1.54 and 1.57, respectively, showing a moderate level of leverage that falls between the extremes of 2022 and 2024. This suggests a balance between debt and equity financing in those years.
In 2020, the ratio was 1.43, which is slightly lower than the current year's ratio. This implies that in 2020, National Beverage Corp had slightly lower financial leverage compared to the current period.
Overall, the trend in the financial leverage ratio indicates that National Beverage Corp has been managing its debt levels prudently over the years, with some fluctuations reflecting changes in the company's capital structure and financing decisions.
Peer comparison
Apr 27, 2024