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AeroVironment AVAV Debt-to-equity

Debt-to-equity at other companies

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L3Harris TechnologiesLHX
0.6×-0.1×
Lockheed Martin logo
Lockheed MartinLMT
2.8×-0.3×
Northrop Grumman logo
Northrop GrummanNOC
-0.1×
Booz Allen Hamilton logo
Booz Allen HamiltonBAH
3.7×-0.5×
Leonardo DRS, Inc. logo
Leonardo DRS, Inc.DRS
0.1×-0.1×
Crane Co. logo
Crane Co.CR
0.6×+0.4×

Other financials

Income statement

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Revenue$408.0M+143%
Gross profit$98.8M+56.3%
Operating income-$179.0M-5,700%
Net income-$156.6M-8,825%
EPS (diluted)-$3.15-5,150%

Balance sheet

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Cash & equivalents$289.9M+517%
Total debt$826.0M+1,296%
Total equity$574.5M-4.2%
Total assets$5.5B+420%

Cash flow

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Operating cash flow-$5.1M+80.2%
CapEx$12.6M+228%
Free cash flow-$17.7M+40.2%

Valuation

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Market cap$8.58B+174%
Enterprise value$9.12B+183%
P/S5.3×+1.1×

Profitability

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Gross margin24.7%-14.8pp
Operating margin-16.4%-20.9pp
Net margin-13.9%-18.4pp
FCF margin-14.2%-29.6pp

Returns & leverage

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Return on equity-24.8%
Current ratio5.5×+1.3×

Where this comes from

Calculated from AeroVironment’s reported figures.

Based on the most recent quarter.

The official record: AeroVironment’s 10-Q, filed September 6, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is AeroVironment's debt-to-equity?
AeroVironment (AVAV) reported debt-to-equity of 0.3× in Q2 2023.
How has AeroVironment's debt-to-equity changed year-over-year?
AeroVironment's debt-to-equity decreased by 23.3% year-over-year, from 0.4× to 0.3×.
What is the long-term trend for AeroVironment's debt-to-equity?
Over 2 years (2021 to 2023), AeroVironment's debt-to-equity has grown at a -9.9% compound annual growth rate (CAGR), from 0.4× to 0.3×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.