Avnet Inc (AVT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,406,630 | 2,406,420 | 2,753,520 | 3,101,900 | 2,988,030 | 3,032,860 | 2,979,820 | 1,825,510 | 1,437,400 | 922,041 | 1,144,590 | 1,389,690 | 1,191,330 | 895,913 | 895,639 | 1,195,200 | 1,424,790 | 1,194,240 | 1,194,120 | 1,191,980 |
| Total assets | US$ in thousands | 12,209,100 | 12,325,200 | 12,997,200 | 12,646,500 | 12,477,200 | 12,109,300 | 11,929,900 | 10,968,400 | 10,388,500 | 9,781,670 | 9,580,870 | 9,211,310 | 8,925,400 | 8,365,920 | 8,264,310 | 8,381,400 | 8,105,200 | 8,089,730 | 8,525,110 | 8,913,340 |
| Debt-to-assets ratio | 0.20 | 0.20 | 0.21 | 0.25 | 0.24 | 0.25 | 0.25 | 0.17 | 0.14 | 0.09 | 0.12 | 0.15 | 0.13 | 0.11 | 0.11 | 0.14 | 0.18 | 0.15 | 0.14 | 0.13 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,406,630K ÷ $12,209,100K
= 0.20
The debt-to-assets ratio of Avnet Inc has shown some fluctuations over the past few quarters. The ratio indicates the proportion of the company's assets that are funded by debt.
From December 2019 to September 2020, the ratio ranged between 0.14 and 0.18, suggesting a relatively stable level of debt relative to assets during that period. However, from December 2020 to September 2021, the ratio increased, reaching 0.15 to 0.25, indicating a higher reliance on debt to finance assets.
Subsequently, there was a decrease in the debt-to-assets ratio from September 2021 to June 2022, suggesting a reduction in debt compared to assets. The ratio then demonstrated a further decline from June 2022 to March 2023, followed by a slight increase from March 2023 to December 2023.
The ratio remained at around 0.20 from March 2024 to June 2024, showing a stable level of debt proportionate to assets during this period. Overall, the trend in Avnet Inc's debt-to-assets ratio indicates some variability in the company's debt management strategies throughout the analyzed period.
Peer comparison
Jun 30, 2024