Avnet Inc (AVT)
Current ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,018,700 | 10,370,600 | 10,750,900 | 8,876,630 | 7,163,420 |
| Total current liabilities | US$ in thousands | 4,128,100 | 4,465,270 | 4,249,380 | 4,251,650 | 3,055,240 |
| Current ratio | 2.43 | 2.32 | 2.53 | 2.09 | 2.34 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,018,700K ÷ $4,128,100K
= 2.43
The current ratio of Avnet Inc has demonstrated fluctuations over the period from June 30, 2021, to June 30, 2025. At June 30, 2021, the current ratio stood at 2.34, indicating that the company had $2.34 in current assets for every dollar of current liabilities, reflecting a strong liquidity position at that time. By June 30, 2022, the ratio decreased to 2.09, suggesting a slight weakening in short-term liquidity but remaining well above the critical threshold of 1.0.
In the following year, the current ratio increased notably to 2.53 by June 30, 2023, indicating an improvement in liquidity and a greater ability to cover current obligations. However, this upward trend was partly offset in subsequent periods, with the ratio declining slightly to 2.32 by June 30, 2024, and then increasing again to 2.43 by June 30, 2025. These incremental changes reflect relative consistency in Avnet's liquidity position, maintaining current ratios above 2.0 through this period.
Overall, the company's current ratio has remained within a stable and comfortable range, signifying a solid capacity to meet short-term liabilities. The fluctuations observed are typical in financial operations and indicate that Avnet maintains a prudent liquidity management approach, with ratios consistently well above the minimum threshold typically deemed sufficient for operational stability.
Peer comparison
Jun 30, 2025