AeroVironment Good Will vs Net Debt Analysis

AVAV Stock

USD 194.26 4.08 2.06%

AeroVironment financial indicator trend analysis is way more than just evaluating AeroVironment prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AeroVironment is a good investment. Please check the relationship between AeroVironment Good Will and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AeroVironment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.

Good Will vs Net Debt

Good Will vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AeroVironment Good Will account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between AeroVironment's Good Will and Net Debt is 0.79. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Net Debt in the same time period over historical financial statements of AeroVironment, assuming nothing else is changed. The correlation between historical values of AeroVironment's Good Will and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of AeroVironment are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Good Will i.e., AeroVironment's Good Will and Net Debt go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from AeroVironment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AeroVironment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AeroVironment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy AeroVironment Stock please use our How to Invest in AeroVironment guide.At this time, AeroVironment's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.22 in 2024, whereas Discontinued Operations is likely to drop (320 K) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	141.2M	173.5M	283.3M	297.4M
Total Revenue	445.7M	540.5M	716.7M	752.6M

Gross Profit Total Revenue

AeroVironment fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.97	-0.15	0.69	0.89	0.77	0.74	0.93	0.93	0.61	0.94	0.41	0.49	0.59	0.81	0.21	0.92	0.79	0.45	-0.18	0.91	0.66	0.87	0.82	0.81	0.66
Total Stockholder Equity	0.97		-0.29	0.74	0.92	0.6	0.55	0.86	0.9	0.45	0.84	0.28	0.3	0.58	0.87	0.28	0.83	0.83	0.35	-0.08	0.92	0.46	0.86	0.76	0.85	0.72
Other Assets	-0.15	-0.29		-0.11	-0.23	0.26	0.25	-0.05	-0.12	-0.06	-0.07	0.35	0.23	-0.22	-0.26	-0.04	-0.11	-0.35	0.12	0.01	-0.19	0.31	-0.05	-0.23	-0.41	-0.02
Common Stock Shares Outstanding	0.69	0.74	-0.11		0.54	0.48	0.34	0.48	0.52	0.38	0.5	0.02	-0.01	0.73	0.49	0.48	0.45	0.42	0.32	0.39	0.53	0.32	0.54	0.38	0.37	0.9
Other Stockholder Equity	0.89	0.92	-0.23	0.54		0.49	0.45	0.84	0.95	0.3	0.79	0.43	0.37	0.22	0.97	0.03	0.8	0.8	0.1	-0.35	0.96	0.33	0.96	0.75	0.95	0.53
Total Liab	0.77	0.6	0.26	0.48	0.49		0.95	0.78	0.68	0.83	0.88	0.6	0.76	0.52	0.39	0.04	0.85	0.42	0.6	-0.27	0.57	0.97	0.58	0.67	0.41	0.44
Short Long Term Debt Total	0.74	0.55	0.25	0.34	0.45	0.95		0.74	0.64	0.86	0.87	0.52	0.82	0.48	0.34	-0.01	0.86	0.37	0.59	-0.32	0.52	0.98	0.54	0.67	0.4	0.28
Other Current Liab	0.93	0.86	-0.05	0.48	0.84	0.78	0.74		0.94	0.54	0.94	0.63	0.55	0.43	0.78	0.14	0.91	0.78	0.46	-0.36	0.93	0.68	0.83	0.76	0.8	0.53
Total Current Liabilities	0.93	0.9	-0.12	0.52	0.95	0.68	0.64	0.94		0.47	0.9	0.57	0.53	0.28	0.92	0.01	0.89	0.78	0.24	-0.42	0.97	0.54	0.94	0.82	0.9	0.51
Other Liab	0.61	0.45	-0.06	0.38	0.3	0.83	0.86	0.54	0.47		0.77	0.28	0.77	0.53	0.2	-0.15	0.77	0.21	0.42	-0.31	0.34	0.86	0.37	0.63	0.32	0.16
Property Plant And Equipment Net	0.94	0.84	-0.07	0.5	0.79	0.88	0.87	0.94	0.9	0.77		0.56	0.73	0.48	0.71	-0.01	0.99	0.67	0.45	-0.42	0.84	0.81	0.82	0.83	0.77	0.44
Current Deferred Revenue	0.41	0.28	0.35	0.02	0.43	0.6	0.52	0.63	0.57	0.28	0.56		0.56	-0.15	0.38	-0.18	0.51	0.36	0.31	-0.57	0.51	0.53	0.58	0.35	0.38	0.14
Net Debt	0.49	0.3	0.23	-0.01	0.37	0.76	0.82	0.55	0.53	0.77	0.73	0.56		0.03	0.3	-0.57	0.76	0.13	0.18	-0.74	0.39	0.81	0.48	0.58	0.42	-0.15
Retained Earnings	0.59	0.58	-0.22	0.73	0.22	0.52	0.48	0.43	0.28	0.53	0.48	-0.15	0.03		0.13	0.63	0.43	0.41	0.71	0.51	0.32	0.49	0.17	0.35	0.14	0.72
Accounts Payable	0.81	0.87	-0.26	0.49	0.97	0.39	0.34	0.78	0.92	0.2	0.71	0.38	0.3	0.13		-0.01	0.72	0.79	-0.04	-0.37	0.92	0.22	0.9	0.75	0.95	0.47
Cash	0.21	0.28	-0.04	0.48	0.03	0.04	-0.01	0.14	0.01	-0.15	-0.01	-0.18	-0.57	0.63	-0.01		-0.09	0.37	0.55	0.81	0.11	0.0	-0.05	-0.04	-0.13	0.68
Non Current Assets Total	0.92	0.83	-0.11	0.45	0.8	0.85	0.86	0.91	0.89	0.77	0.99	0.51	0.76	0.43	0.72	-0.09		0.66	0.37	-0.48	0.82	0.79	0.81	0.86	0.8	0.37
Non Currrent Assets Other	0.79	0.83	-0.35	0.42	0.8	0.42	0.37	0.78	0.78	0.21	0.67	0.36	0.13	0.41	0.79	0.37	0.66		0.42	-0.09	0.84	0.3	0.69	0.77	0.79	0.58
Long Term Debt	0.45	0.35	0.12	0.32	0.1	0.6	0.59	0.46	0.24	0.42	0.45	0.31	0.18	0.71	-0.04	0.55	0.37	0.42		0.31	0.28	0.63	0.14	0.29	0.0	0.53
Cash And Short Term Investments	-0.18	-0.08	0.01	0.39	-0.35	-0.27	-0.32	-0.36	-0.42	-0.31	-0.42	-0.57	-0.74	0.51	-0.37	0.81	-0.48	-0.09	0.31		-0.33	-0.27	-0.42	-0.38	-0.51	0.5
Net Receivables	0.91	0.92	-0.19	0.53	0.96	0.57	0.52	0.93	0.97	0.34	0.84	0.51	0.39	0.32	0.92	0.11	0.82	0.84	0.28	-0.33		0.42	0.92	0.75	0.91	0.58
Non Current Liabilities Total	0.66	0.46	0.31	0.32	0.33	0.97	0.98	0.68	0.54	0.86	0.81	0.53	0.81	0.49	0.22	0.0	0.79	0.3	0.63	-0.27	0.42		0.44	0.6	0.28	0.27
Inventory	0.87	0.86	-0.05	0.54	0.96	0.58	0.54	0.83	0.94	0.37	0.82	0.58	0.48	0.17	0.9	-0.05	0.81	0.69	0.14	-0.42	0.92	0.44		0.69	0.88	0.5
Other Current Assets	0.82	0.76	-0.23	0.38	0.75	0.67	0.67	0.76	0.82	0.63	0.83	0.35	0.58	0.35	0.75	-0.04	0.86	0.77	0.29	-0.38	0.75	0.6	0.69		0.78	0.34
Property Plant And Equipment Gross	0.81	0.85	-0.41	0.37	0.95	0.41	0.4	0.8	0.9	0.32	0.77	0.38	0.42	0.14	0.95	-0.13	0.8	0.79	0.0	-0.51	0.91	0.28	0.88	0.78		0.34
Total Current Assets	0.66	0.72	-0.02	0.9	0.53	0.44	0.28	0.53	0.51	0.16	0.44	0.14	-0.15	0.72	0.47	0.68	0.37	0.58	0.53	0.5	0.58	0.27	0.5	0.34	0.34

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AeroVironment Account Relationship Matchups

AeroVironment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	585.0M	928.6M	914.2M	824.6M	1.0B	1.1B
Total Stockholder Equity	509.9M	612.1M	608.0M	551.0M	822.7M	863.9M
Other Assets	5.1M	12.5M	9.1M	32.4M	1.0	0.95
Common Stock Shares Outstanding	24.1M	24.4M	24.7M	25.0M	27.3M	22.9M
Liabilities And Stockholders Equity	585.0M	928.6M	914.2M	824.6M	1.0B	1.1B
Other Stockholder Equity	181.5M	260.3M	267.2M	384.4M	597.6M	627.5M
Total Liab	75.1M	316.5M	306.0M	273.6M	193.1M	98.3M
Other Current Liab	35.8M	41.0M	48.8M	47.0M	51.5M	54.1M
Total Current Liabilities	67.0M	96.2M	101.4M	121.3M	144.9M	152.1M
Other Liab	1.3M	13.7M	14.0M	5.2M	6.0M	4.8M
Property Plant And Equipment Net	30.5M	81.8M	89.1M	67.2M	76.6M	80.5M
Current Deferred Revenue	7.9M	7.2M	9.0M	16.6M	11.2M	6.6M
Net Debt	(244.9M)	74.0M	139.3M	30.0M	(13.6M)	(14.3M)
Retained Earnings	328.1M	351.4M	347.2M	171.0M	230.7M	202.6M
Accounts Payable	19.9M	24.8M	19.2M	31.4M	48.3M	50.7M
Cash	255.1M	148.7M	77.2M	132.9M	73.3M	108.7M
Non Current Assets Total	81.0M	526.9M	545.3M	347.6M	500.3M	525.3M
Non Currrent Assets Other	10.6M	10.4M	1.9M	5.2M	13.4M	14.0M
Cash And Short Term Investments	302.6M	180.7M	101.9M	132.9M	73.3M	69.6M
Net Receivables	149.5M	134.3M	164.8M	193.3M	269.8M	283.3M
Non Current Liabilities Total	8.1M	220.3M	204.6M	152.3M	48.2M	37.6M
Inventory	45.5M	71.6M	90.6M	138.8M	150.2M	157.7M
Other Current Assets	6.2M	28.3M	11.5M	12.0M	22.3M	23.4M
Property Plant And Equipment Gross	30.5M	81.8M	89.1M	67.2M	251.8M	264.4M
Total Current Assets	503.9M	401.6M	368.9M	477.0M	515.6M	343.3M
Accumulated Other Comprehensive Income	328K	343K	(6.5M)	(4.5M)	(5.6M)	(5.9M)
Short Term Debt	3.4M	22.3M	23.6M	24.0M	29.7M	17.4M
Property Plant Equipment	21.7M	81.8M	90.2M	67.2M	77.2M	81.1M
Short Term Investments	113.6M	150.5M	47.5M	32.0M	24.7M	0.0
Net Tangible Assets	496.8M	191.6M	163.4M	347.8M	313.0M	274.8M
Noncontrolling Interest In Consolidated Entity	23K	4K	14K	241K	277.2K	291.0K
Good Will	6.3M	314.2M	334.3M	180.8M	275.7M	289.4M
Retained Earnings Total Equity	328.1M	351.4M	347.2M	171.0M	196.7M	248.5M
Capital Surpluse	181.5M	260.3M	267.2M	384.4M	442.1M	464.2M
Deferred Long Term Liab	1.6M	1.2M	2.6M	1.7M	2.0M	1.5M
Long Term Investments	15.0M	12.2M	15.4M	23.6M	21.0M	27.0M
Non Current Liabilities Other	1.3M	13.7M	2.2M	3.5M	7.7M	3.9M

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