Avnet Inc (AVT)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 192,428 | 310,941 | 288,230 | 153,693 | 199,691 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 4,327,450 | 4,391,190 | 4,763,790 | 4,301,000 | 3,576,130 |
| Total current liabilities | US$ in thousands | 4,128,100 | 4,465,270 | 4,249,380 | 4,251,650 | 3,055,240 |
| Quick ratio | 1.09 | 1.05 | 1.19 | 1.05 | 1.24 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($192,428K
+ $—K
+ $4,327,450K)
÷ $4,128,100K
= 1.09
The quick ratio of Avnet Inc over the period from June 30, 2021, to June 30, 2025, demonstrates moderate fluctuations, reflecting the company's short-term liquidity position. At the end of fiscal year 2021, the quick ratio stood at 1.24, indicating that the company maintained a relatively strong liquidity buffer, with its most liquid assets exceeding its current liabilities by 24%.
By June 30, 2022, the ratio declined to 1.05, suggesting a slight reduction in liquidity, potentially attributable to increased current liabilities or a decrease in liquid assets. However, the ratio remained above the key threshold of 1.0, indicating that Avnet continued to have sufficient liquid assets to cover its short-term obligations without relying on inventory sales.
In the subsequent year, June 30, 2023, the quick ratio increased slightly to 1.19. This improvement points to a modest strengthening of liquidity, possibly driven by better management of receivables and cash or a reduction in short-term liabilities.
The ratio then decreased again to 1.05 by June 30, 2024, echoing previous levels, which indicates a stabilization but also reflects no significant enhancement in liquidity compared to the prior year.
Finally, as of June 30, 2025, the ratio rose modestly to 1.09, suggesting a marginal improvement in Avnet’s quick assets relative to current liabilities, maintaining its position as a liquidity-safe company.
Overall, the trend of Avnet’s quick ratio during these years indicates a consistent ability to meet short-term obligations, though the ratios hover just above 1.0 in most years, signaling a cautious but generally stable liquidity profile.
Peer comparison
Jun 30, 2025