National Beverage Corp (FIZZ)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.12 | 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 | 0.11 | 0.20 | 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 | 0.13 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of National Beverage Corp indicate a very low level of leverage, as evidenced by consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios across the periods analysed. This suggests that the company has minimal reliance on debt to finance its operations and expansion.
The financial leverage ratio has shown some fluctuation over the periods, with a peak of 2.08 and a low of 1.35. Overall, the trend indicates that the company's financial leverage has been relatively stable, typically ranging between 1.38 and 1.72.
This low level of debt and moderate financial leverage indicates that National Beverage Corp has a strong financial position and is less vulnerable to financial distress. However, a lower level of leverage may also imply limited use of debt as a tool for capital expansion or growth opportunities. The company's ability to maintain this conservative approach to leverage while achieving sustainable growth should be closely monitored.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 295.36 | 174.41 | 157.12 | 135.47 | 226.34 | 548.53 | 763.51 | 1,323.92 | 972.66 | 1,006.60 | 1,052.19 | 459.32 | 521.63 | 436.86 | 359.74 | 558.38 | 776.93 | 767.08 | 815.66 |
The interest coverage ratio for National Beverage Corp has shown fluctuations over the past several quarters. The interest coverage ratio measures the company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT).
In the most recent quarter, ending in April 2024, the interest coverage ratio was not provided in the table. However, in the preceding quarter, the company had a high interest coverage ratio of 295.36, indicating a strong ability to cover its interest payments with its operating income.
The trend in the interest coverage ratio over the past few quarters shows fluctuation but generally indicates that the company has been able to comfortably meet its interest obligations. This is evident from the consistently high ratios, such as 548.53 in October 2022 and 763.51 in July 2022.
Overall, the interest coverage ratio for National Beverage Corp has generally been healthy, with occasional fluctuations, but the company has demonstrated a strong ability to cover its interest expenses with its operating earnings.