National Beverage Corp (FIZZ)
Financial leverage ratio
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 770,153 | 719,880 | 672,886 | 640,407 | 574,342 | 526,394 | 500,122 | 455,545 | 467,804 | 428,273 | 635,428 | 612,686 | 557,237 | 497,476 | 751,043 | 711,661 | 648,646 | 589,310 | 566,815 | 550,212 |
| Total stockholders’ equity | US$ in thousands | 559,512 | 510,221 | 467,170 | 422,075 | 372,487 | 339,504 | 295,115 | 264,106 | 239,438 | 206,250 | 446,846 | 408,290 | 355,997 | 316,016 | 558,076 | 508,940 | 452,337 | 422,202 | 399,513 | 366,236 |
| Financial leverage ratio | 1.38 | 1.41 | 1.44 | 1.52 | 1.54 | 1.55 | 1.69 | 1.72 | 1.95 | 2.08 | 1.42 | 1.50 | 1.57 | 1.57 | 1.35 | 1.40 | 1.43 | 1.40 | 1.42 | 1.50 |
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 several quarters. The ratio has generally been increasing since the third quarter of 2021, reaching a peak of 2.08 in the first quarter of 2022 before decreasing slightly. This suggests that the company has been increasing its reliance on debt to finance its operations and growth. However, the ratio decreased in the most recent quarters, indicating potential deleveraging or a shift towards a more conservative capital structure. Overall, the company's financial leverage ratio has exhibited variability, and further analysis of its debt levels and financial strategy may provide more insights into its capital structure decisions.
Peer comparison
Apr 27, 2024