National Beverage Corp (FIZZ)
Financial leverage ratio
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 467,804 |
| Total stockholders’ equity | US$ in thousands | 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 | 239,438 |
| Financial leverage ratio | 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 | 1.95 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $594,020K ÷ $400,236K
= 1.48
The financial leverage ratio of National Beverage Corp has shown fluctuations over the period from April 2022 to January 2025. The ratio indicates the company's level of financial risk and dependence on debt financing.
- From April 2022 to July 2023, the financial leverage ratio decreased steadily from 1.95 to 1.52, suggesting a reduction in the company's reliance on debt to finance its operations.
- However, there was a slight increase in the ratio in October 2023 to 1.44, before reaching a low point of 1.38 by April 2024, indicating a further decrease in the company's debt levels.
- The ratio experienced a significant spike in July 2024 to 1.70, which may indicate an increase in debt financing or a decrease in equity, resulting in higher financial risk.
- By January 2025, the financial leverage ratio had decreased to 1.48, showing a potential effort to reduce debt levels and manage financial risk.
Overall, National Beverage Corp's financial leverage ratio has displayed fluctuations, with periods of decline suggesting a more conservative financial structure, while spikes indicate potential increased financial risk associated with higher debt levels. Monitoring this ratio is essential for assessing the company's capital structure and financial health.
Peer comparison
Jan 31, 2025