Avnet Inc (AVT)
Current ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,370,600 | 10,485,800 | 11,139,000 | 10,911,100 | 10,750,900 | 10,443,500 | 10,303,600 | 9,509,900 | 8,876,630 | 8,217,640 | 7,944,210 | 7,465,070 | 7,163,420 | 6,604,600 | 6,454,450 | 6,602,190 | 6,328,810 | 6,316,620 | 6,536,500 | 6,988,950 |
| Total current liabilities | US$ in thousands | 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 | 2,280,370 | 2,607,790 | 2,745,250 | 3,137,300 |
| Current ratio | 2.32 | 2.33 | 2.34 | 2.54 | 2.53 | 2.63 | 2.54 | 2.04 | 2.09 | 2.02 | 2.15 | 2.40 | 2.34 | 2.29 | 2.28 | 2.39 | 2.78 | 2.42 | 2.38 | 2.23 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,370,600K ÷ $4,465,270K
= 2.32
The current ratio for Avnet Inc has shown fluctuations over the past several quarters. The ratio ranged from a low of 2.02 in March 2022 to a high of 2.78 in September 2020.
In recent quarters, the current ratio has generally been above 2, indicating that the company has had more than enough current assets to cover its current liabilities. However, there was a slight decrease in the current ratio from 2.63 in March 2023 to 2.32 in June 2024, which may raise some concerns about the company's liquidity position.
Overall, the current ratio for Avnet Inc has remained healthy and above 2 in most quarters, suggesting that the company has a strong ability to meet its short-term obligations using its current assets. However, it is important for stakeholders to monitor the trend in the current ratio to ensure the company's liquidity position remains stable.
Peer comparison
Jun 30, 2024