Avnet Inc (AVT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,118,600 | 11,712,300 | 11,942,900 | 12,597,600 | 12,259,100 | 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 | 8,925,420 | 8,365,920 | 8,264,310 | 8,381,400 |
| Total stockholders’ equity | US$ in thousands | 5,011,500 | 4,884,970 | 4,843,900 | 5,037,740 | 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 |
| Financial leverage ratio | 2.42 | 2.40 | 2.47 | 2.50 | 2.49 | 2.47 | 2.59 | 2.62 | 2.63 | 2.61 | 2.69 | 2.73 | 2.48 | 2.30 | 2.28 | 2.22 | 2.19 | 2.12 | 2.11 | 2.22 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,118,600K ÷ $5,011,500K
= 2.42
The financial leverage ratio of Avnet Inc. over the analyzed period demonstrates a generally stable trend, with fluctuations observed across quarters and fiscal years. Starting at a ratio of 2.22 as of September 30, 2020, the leverage ratio experienced a gradual decline to 2.11 by December 31, 2020, indicating a slight reduction in the company's reliance on debt relative to equity during that period.
Throughout 2021, the ratio exhibited modest growth, reaching 2.28 by December 31, 2021, and maintaining a relatively stable level around 2.19 to 2.22 in the first half of 2021. Moving into 2022, the leverage ratio increased more markedly, reaching 2.48 by June 30, and further climbing to a high of 2.73 as of September 30, 2022. This rise suggests a heightened use of financial leverage during this period, potentially indicating increased borrowing or debt issuance relative to equity.
Subsequently, the ratio exhibited a slight decline, balancing at approximately 2.69 on December 31, 2022, and remaining relatively steady through the first quarter of 2023 at 2.61. The second half of 2023 displayed minor fluctuations, with the ratio oscillating around 2.62 to 2.63, indicating a stabilization of leverage levels.
During 2024, the leverage ratio slightly decreased from 2.49 to 2.47, maintaining a narrow range within this period. In the first half of 2025, the ratio continued a gradual upward trend, reaching 2.42 as of June 30, 2025, from a low of 2.40 at the end of the previous quarter.
Overall, the pattern indicates that Avnet Inc. has maintained a moderate level of financial leverage, with notable increases during 2022 corresponding to higher debt levels, followed by periods of stability and slight adjustments. The relatively stable leverage ratio suggests disciplined financial management, balancing debt and equity to sustain operations without excessive reliance on borrowed funds.
Peer comparison
Jun 30, 2025