National Beverage Corp (FIZZ)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
National Beverage Corp has consistently maintained a very strong financial position in terms of solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00 over the specified reporting periods, indicating that the company has no debt relative to its assets, capital, or equity.
Furthermore, the financial leverage ratio, which measures the extent to which a company is using debt to finance its operations, has shown a decreasing trend from 1.95 in April 2022 to 1.48 in January 2025. This indicates that the company has been reducing its reliance on debt to fund its operations over time.
Overall, based on these solvency ratios, National Beverage Corp appears to have a very strong financial position and a minimal level of financial risk associated with its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | 315.92 | 154.21 | 106.12 | 77.22 | 103.96 | 160.84 | 250.35 | 549.42 | 450.49 | 550.53 | 718.43 | 1,135.18 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.
Analyzing the interest coverage of National Beverage Corp based on the provided data reveals fluctuations in the company's ability to cover its interest expenses over the periods mentioned.
- The interest coverage ratio was very strong on April 30, 2022, at 1,135.18, indicating robust ability to cover interest payments.
- By July 31, 2023, the interest coverage ratio decreased to 154.21, suggesting a decline in the company's ability to cover its interest expenses.
- Subsequently, the interest coverage ratio improved slightly to 315.92 by October 28, 2023, reflecting a better position in meeting interest obligations.
- There were no values reported for the interest coverage ratio for the periods beyond October 31, 2023, as indicated by "—".
Overall, the data suggests that National Beverage Corp has experienced fluctuations in its ability to cover interest expenses, highlighting the importance of monitoring the company's financial performance and debt management strategies.