National Beverage Corp (FIZZ)
Financial leverage ratio
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 672,860 | 594,020 | 557,440 | 522,572 | 770,153 | 770,153 | 719,880 | 719,880 | 672,886 | 672,886 | 640,407 | 640,407 | 574,342 | 574,342 | 526,394 | 526,394 | 500,122 | 500,122 | 455,545 | 455,545 |
| Total stockholders’ equity | US$ in thousands | 443,999 | 400,236 | 360,144 | 306,596 | 559,512 | 559,512 | 510,221 | 510,221 | 467,170 | 467,170 | 422,075 | 422,075 | 372,487 | 372,487 | 339,504 | 339,504 | 295,115 | 295,115 | 264,106 | 264,106 |
| Financial leverage ratio | 1.52 | 1.48 | 1.55 | 1.70 | 1.38 | 1.38 | 1.41 | 1.41 | 1.44 | 1.44 | 1.52 | 1.52 | 1.54 | 1.54 | 1.55 | 1.55 | 1.69 | 1.69 | 1.72 | 1.72 |
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 has demonstrated a generally declining trend over the observed period from July 2022 through October 2024, with some fluctuations thereafter. In late July 2022, the ratio stood at approximately 1.72, indicating a moderate level of leverage. This ratio remained steady through July and October 2022, remaining at 1.72 and 1.69 respectively, before decreasing to around 1.55 by January 2023. The reduction continued into April 2023, with the ratio declining marginally to approximately 1.54, and further decreasing to about 1.52 in July 2023.
Between July 2023 and October 2024, the leverage ratio exhibited a more pronounced decrease, reaching a low of approximately 1.44 by October 2023. This suggests a reduction in reliance on debt financing during this period. However, the ratio slightly increased again to approximately 1.55 by October 2024, indicating a modest uptick in leverage.
In the subsequent period extending to April 2025, the leverage ratio fluctuated narrowly, with values around 1.48 and 1.52, suggesting relative stability with minor variations. Notably, the ratio experienced a significant rise to approximately 1.70 in July 2024, which appears to be an anomaly or seasonal correction within the overall trend.
Overall, the data indicates that National Beverage Corp has been gradually decreasing its financial leverage over the observed timeline, reflecting a potential strategy of improving financial stability by reducing debt levels relative to equity. Nonetheless, the recent uptick in late 2024 points to a possible reassessment of leverage strategies or changes in financing activities.
Peer comparison
Apr 30, 2025