National Beverage Corp (FIZZ)
Financial leverage ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 672,860 | 770,153 | 770,153 | 574,342 | 574,342 |
| Total stockholders’ equity | US$ in thousands | 443,999 | 559,512 | 559,512 | 372,487 | 372,487 |
| Financial leverage ratio | 1.52 | 1.38 | 1.38 | 1.54 | 1.54 |
April 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $672,860K ÷ $443,999K
= 1.52
The financial leverage ratio of National Beverage Corp exhibits notable fluctuations over the period under review. As of April 29, 2023, and April 30, 2023, the ratio was consistent at 1.54, indicating a moderate level of debt relative to equity, suggesting the company relied somewhat on debt financing but maintained a balanced capital structure at that time.
By April 27, 2024, and April 30, 2024, the ratio decreased to 1.38. This decline reflects a reduction in financial leverage, which could be attributed to either a decrease in total debt, an increase in equity, or a combination of both. A lower leverage ratio generally signifies reduced financial risk and potentially a more conservative capital structure during this period.
However, by April 30, 2025, the ratio increases again to 1.52, slightly surpassing the earlier levels observed in 2023. This upward movement indicates a return to higher leverage, implying that the company may have increased its debt relative to equity or decreased its equity base. Such an increase could suggest a strategic shift towards leveraging debt for growth or refinancing activities.
Overall, the leveraged position of National Beverage Corp shows a pattern of fluctuation, with periods of moderation followed by increased leverage. These movements reflect shifts in the company's capital structure decisions and have implications for its financial risk profile. The current ratio at 1.52 suggests a moderate to slightly elevated leverage level, which warrants continued monitoring for potential impacts on financial stability and cost of capital.
Peer comparison
Apr 30, 2025