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AeroVironment, Inc. (NAS:AVAV)
Cash to Debt Ratio
No Debt (As of Jan. 2014)

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash and cash equivalents divide by its debt. AeroVironment, Inc.'s cash to debt ratio for the quarter that ended in Jan. 2014 was No Debt.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, AeroVironment, Inc. could pay off its debt using the cash in hand for the quarter that ended in Jan. 2014.

AVAV' s 10-Year Cash to Debt Range
Min: 4.02   Max: No Debt
Current: No Debt

During the past 11 years, AeroVironment, Inc.'s highest Cash to Debt Ratio was No Debt. The lowest was 4.02. And the median was No Debt.

AVAV's Cash to Debtis ranked higher than
98% of the 255 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.71 vs. AVAV: No Debt )

Definition

This is the ratio of a company's Cash and cash equivalents to its debt. The debt includes the Current Portion of Long-Term Debt and Long-Term Debt. This ratio measures the financial strength of a company. This ratio is updated quarterly.

AeroVironment, Inc.'s Cash to Debt Ratio for the fiscal year that ended in Apr. 2013 is calculated as:

AeroVironment, Inc. had no debt.

AeroVironment, Inc.'s Cash to Debt Ratio for the quarter that ended in Jan. 2014 is calculated as:

AeroVironment, Inc. had no debt.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Cash and Cash Equivalents (For Banks and Insurance Companies), Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

AeroVironment, Inc. Annual Data

Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13
cash2debt No Debt4.02No DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo Debt

AeroVironment, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
cash2debt No DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo DebtNo Debt
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