Avery Dennison Corp (AVY)
Cash ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 329,100 | 212,700 | 206,600 | 185,700 | 215,000 | 209,900 | 217,100 | 351,300 | 167,200 | 128,200 | 164,800 | 147,100 | 162,700 | 207,200 | 344,800 | 328,000 | 252,300 | 284,700 | 262,600 | 742,000 |
| Short-term investments | US$ in thousands | — | 40,100 | 38,400 | 38,100 | 37,800 | 35,900 | 36,300 | 36,300 | 31,300 | 29,800 | 31,200 | 32,100 | 33,400 | 33,900 | 33,900 | 33,000 | 32,600 | 32,100 | 31,000 | 29,900 |
| Total current liabilities | US$ in thousands | 2,862,600 | 3,349,000 | 3,300,200 | 3,308,200 | 2,699,500 | 2,744,300 | 2,608,700 | 2,643,700 | 2,799,800 | 2,939,300 | 3,000,500 | 2,723,200 | 2,547,900 | 2,609,400 | 2,082,500 | 2,058,500 | 1,926,000 | 1,816,000 | 1,909,500 | 2,560,100 |
| Cash ratio | 0.11 | 0.08 | 0.07 | 0.07 | 0.09 | 0.09 | 0.10 | 0.15 | 0.07 | 0.05 | 0.07 | 0.07 | 0.08 | 0.09 | 0.18 | 0.18 | 0.15 | 0.17 | 0.15 | 0.30 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($329,100K
+ $—K)
÷ $2,862,600K
= 0.11
The cash ratio of Avery Dennison Corp has shown fluctuations over the periods analyzed. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
The trend observed in the cash ratio of Avery Dennison Corp shows some variability, ranging from 0.05 to 0.30. In the recent periods, the cash ratio has generally been on the lower side, with values around 0.07 to 0.09. This suggests that the company may have a relatively lower level of cash and cash equivalents compared to its short-term liabilities during these periods.
It is important to note that the cash ratio should be analyzed in conjunction with other liquidity and financial metrics to get a more comprehensive understanding of the company's financial health. A decreasing trend in the cash ratio may indicate a potential liquidity risk that needs to be closely monitored and managed by the company.
Peer comparison
Dec 31, 2024