Avnet Inc (AVT)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 4,327,450 | 4,095,480 | 4,421,430 | 4,575,850 | 4,391,190 | 4,315,060 | 4,508,740 | 4,679,690 | 4,763,790 | 4,670,640 | 4,789,400 | 4,591,020 | 4,301,000 | 4,164,570 | 4,077,710 | 3,720,300 | 3,576,130 | 3,365,680 | 3,105,320 | 2,964,530 |
| 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 |
| Quick ratio | 1.09 | 1.07 | 1.09 | 1.02 | 1.05 | 1.01 | 1.00 | 1.16 | 1.19 | 1.22 | 1.26 | 1.00 | 1.05 | 1.07 | 1.15 | 1.29 | 1.24 | 1.28 | 1.23 | 1.25 |
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 analysis of Avnet Inc.'s quick ratio over the period from September 2020 to June 2025 indicates a generally stable liquidity position with some notable fluctuations. The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets, has remained predominantly above 1 throughout the observed period, reflecting a consistent capacity to cover current liabilities without relying on inventory sales.
From September 2020 to September 2021, the quick ratio hovered around 1.23 to 1.29, reaching a peak of 1.29 in September 2021, suggesting a robust liquidity profile during this period. Subsequently, a gradual decline is observed starting in December 2021, with the ratio decreasing to 1.15 and continuing to decline through 2022, reaching a low of approximately 1.00 in September 2022. This downward trend indicates a slight erosion of liquidity cushions, though the ratio remained at or above 1, implying the company was still capable of meeting short-term obligations without relying heavily on inventory liquidation.
In the subsequent years, the quick ratio experienced minor fluctuations, generally staying within the 1.00 to 1.26 range. Notably, a slight increase to 1.26 in December 2022 was followed by marginal declines and recoveries, with the ratio settling around 1.00 to 1.09 by early 2025. The ratio's consistent proximity to 1 suggests that Avnet maintains a tight but manageable liquidity position, with liquid assets sufficient to cover immediate liabilities.
Overall, the pattern demonstrates that Avnet Inc. has maintained a generally stable liquidity level over the observed period, albeit with a modest downward trend in recent years. This consistency indicates prudent cash and liquid asset management, although the proximity of the quick ratio to 1 signals a relatively lean liquidity buffer, which could be sensitive to operational or financial shocks.
Peer comparison
Jun 30, 2025