National Beverage Corp (FIZZ)
Financial leverage ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 770,153 | 770,153 | 574,342 | 574,342 | 467,804 |
| Total stockholders’ equity | US$ in thousands | 559,512 | 559,512 | 372,487 | 372,487 | 239,438 |
| Financial leverage ratio | 1.38 | 1.38 | 1.54 | 1.54 | 1.95 |
April 30, 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 a decreasing trend over the years, declining from 1.95 in April 2022 to 1.38 in April 2024. This indicates that the company has been relying less on debt to finance its operations and investments relative to its equity. A lower financial leverage ratio suggests a lower level of financial risk and greater stability, as the company has less debt exposure. Overall, the downward trend in the financial leverage ratio reflects a prudent financial management strategy by National Beverage Corp to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Apr 30, 2024