Avnet Inc (AVT)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 192,428 | 188,912 | 172,136 | 267,521 | 310,941 | 218,473 | 272,850 | 278,679 | 288,230 | 185,937 | 324,778 | 80,881 | 153,693 | 199,457 | 167,818 | 299,101 | 199,691 | 322,749 | 376,333 | 483,056 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,128,100 | 4,014,380 | 4,206,060 | 4,747,880 | 4,465,270 | 4,492,670 | 4,765,560 | 4,290,380 | 4,249,380 | 3,969,750 | 4,057,660 | 4,659,190 | 4,251,650 | 4,065,790 | 3,688,500 | 3,113,340 | 3,055,240 | 2,885,940 | 2,826,320 | 2,766,410 |
| Cash ratio | 0.05 | 0.05 | 0.04 | 0.06 | 0.07 | 0.05 | 0.06 | 0.06 | 0.07 | 0.05 | 0.08 | 0.02 | 0.04 | 0.05 | 0.05 | 0.10 | 0.07 | 0.11 | 0.13 | 0.17 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($192,428K
+ $—K)
÷ $4,128,100K
= 0.05
The cash ratio of Avnet Inc. has demonstrated considerable variation over the analyzed period from September 2020 through June 2025. Initially, at the end of September 2020, the cash ratio stood at 0.17, indicating that the company's cash and cash equivalents covered approximately 17% of its current liabilities. This ratio exhibited a declining trend over the subsequent quarters, reaching a low of 0.02 by September 2022, suggesting a significant reduction in the company's liquidity buffer relative to its short-term obligations.
Following this nadir, the cash ratio showed signs of stabilization and slight recovery, with intermediate increases such as 0.08 at the end of December 2022 and 0.07 at the end of June 2023. The most recent data indicates a ratio of 0.05 at March 2024, reverting to 0.07 in June 2024, and settling at approximately 0.06 in September 2024. The ratio subsequently decreased again to around 0.04 by December 2024 but slightly increased to 0.05 by March 2025 and maintained at that level through June 2025.
Overall, the trend illustrates that Avnet Inc.’s cash ratio has been relatively low throughout the analyzed period, with values generally below 0.10 for the majority of the timeline, and only occasionally reaching slightly higher levels near 0.08. This sustained low cash ratio indicates a limited cash liquidity position relative to current liabilities, reflecting potential reliance on non-cash current assets or other liquidity sources. Despite some fluctuations, the company's liquidity, as measured by the cash ratio, remains modest, underscoring the importance of evaluating other liquidity and solvency metrics for a comprehensive assessment of financial health.
Peer comparison
Jun 30, 2025