Avnet Inc (AVT)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.48 | 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 | 2.18 | 2.20 | 2.15 | 2.25 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,209,100K ÷ $4,925,500K
= 2.48
The financial leverage ratio of Avnet Inc has shown some fluctuation over the recent quarters. The ratio has ranged from 2.11 to 2.73 over the past two years, indicating that the company has been utilizing a mix of debt and equity to finance its operations and investments.
A higher financial leverage ratio typically indicates higher financial risk, as the company relies more on debt to fund its operations. On the other hand, a lower ratio suggests a more conservative financial structure with a greater reliance on equity.
It is important for investors and analysts to closely monitor changes in the financial leverage ratio as it can impact the company's ability to meet its financial obligations, especially in times of economic uncertainty or industry downturns. Further analysis of Avnet Inc's overall financial health and performance would be required to fully assess the implications of the fluctuations in its financial leverage ratio.
Peer comparison
Jun 30, 2024