Avnet Inc (AVT)
Debt-to-equity ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,406,630 | 2,988,030 | 1,437,400 | 1,191,330 | 1,424,790 |
| Total stockholders’ equity | US$ in thousands | 4,925,500 | 4,751,670 | 4,192,760 | 4,084,180 | 3,726,400 |
| Debt-to-equity ratio | 0.49 | 0.63 | 0.34 | 0.29 | 0.38 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,406,630K ÷ $4,925,500K
= 0.49
The debt-to-equity ratio of Avnet Inc has shown fluctuations over the past five years. In June 2024, the company's debt-to-equity ratio stands at 0.49, indicating that for every dollar of equity, Avnet has $0.49 in debt. This represents a significant decrease from the previous year's ratio of 0.63, suggesting that Avnet has reduced its reliance on debt financing in relation to equity.
Looking further back, in June 2023, the debt-to-equity ratio was higher at 0.63, indicating a higher level of debt relative to equity compared to the current year. However, in June 2022, the ratio decreased to 0.34, signaling a substantial decrease in the company's debt relative to equity. This trend continued in June 2021, with the ratio declining to 0.29, indicating a lower level of debt as compared to equity.
In June 2020, the debt-to-equity ratio increased to 0.38, but it was still lower than the ratios in the two preceding years. Overall, the trend in Avnet Inc's debt-to-equity ratio suggests a varying degree of leverage over the past five years, with a notable reduction in debt relative to equity in the latest financial year.
Peer comparison
Jun 30, 2024