Avnet Inc (AVT)
Debt-to-equity 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-equity ratio | 0.49 | 0.48 | 0.55 | 0.64 | 0.63 | 0.65 | 0.67 | 0.45 | 0.34 | 0.22 | 0.27 | 0.34 | 0.29 | 0.23 | 0.23 | 0.32 | 0.38 | 0.32 | 0.30 | 0.30 |
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 fluctuated over the past few years. The ratio was relatively stable around 0.30 to 0.40 from 2019 to mid-2021. However, in late 2021 and into 2022, there was a significant increase in the ratio, reaching a high of 0.67 in December 2022. This indicates a higher level of debt relative to equity during that period.
Subsequently, from 2022 to mid-2023, the ratio decreased gradually to 0.55 before slightly increasing again. The most recent ratio as of June 2024 is 0.49, showing a decrease compared to the peak in 2022 but still above the levels seen in earlier years.
The trend in the debt-to-equity ratio suggests that Avnet Inc has been managing its debt levels, albeit with fluctuations. Investors and analysts may want to monitor this ratio closely to assess the company's capital structure and financial risk management.
Peer comparison
Jun 30, 2024