Avnet Inc (AVT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,925,500 | 4,989,100 | 5,010,380 | 4,822,580 | 4,751,670 | 4,635,600 | 4,429,660 | 4,019,340 | 4,192,760 | 4,256,720 | 4,203,230 | 4,145,600 | 4,084,180 | 3,937,890 | 3,910,730 | 3,777,510 | 3,726,400 | 3,677,280 | 3,957,330 | 3,958,070 |
| Debt-to-capital ratio | 0.33 | 0.33 | 0.35 | 0.39 | 0.39 | 0.40 | 0.40 | 0.31 | 0.26 | 0.18 | 0.21 | 0.25 | 0.23 | 0.19 | 0.19 | 0.24 | 0.28 | 0.25 | 0.23 | 0.23 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,406,630K ÷ ($2,406,630K + $4,925,500K)
= 0.33
The debt-to-capital ratio of Avnet Inc has shown fluctuations over the past few quarters. The ratio was relatively stable around 0.33 to 0.40 from June 2023 to June 2022 before experiencing a decrease to 0.26 in September 2022. This was followed by a significant increase to 0.39 in December 2022 and remained at that level in March 2023.
From March 2023 to March 2024, the debt-to-capital ratio ranged between 0.33 and 0.35 before dropping to 0.26 in June 2024. This indicates that the company's level of debt in relation to its capital has varied over time, with the ratio showing both increases and decreases.
Overall, the trend suggests that Avnet Inc has maintained a moderate level of debt in its capital structure, with some fluctuations in the ratio observed over the analyzed periods. It is important for investors and analysts to continue monitoring the company's debt levels and capital structure to assess its financial risk and leverage position.
Peer comparison
Jun 30, 2024