Avery Dennison Corp (AVY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,078,700 | 3,084,700 | 2,967,800 | 2,886,800 | 2,796,000 | 2,814,300 | 2,851,000 | 2,989,200 | 2,782,000 | 2,961,800 | 2,948,800 | 2,894,300 | 2,734,600 | 2,778,500 | 2,741,600 | 2,632,400 | 2,416,200 | 2,374,500 | 2,324,600 | 2,913,600 |
| 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 |
| Current ratio | 1.08 | 0.92 | 0.90 | 0.87 | 1.04 | 1.03 | 1.09 | 1.13 | 0.99 | 1.01 | 0.98 | 1.06 | 1.07 | 1.06 | 1.32 | 1.28 | 1.25 | 1.31 | 1.22 | 1.14 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,078,700K ÷ $2,862,600K
= 1.08
The current ratio of Avery Dennison Corp has exhibited some fluctuations over the past few years, ranging from 0.87 to 1.32. This ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which signifies a strong liquidity position.
The trend analysis shows that the current ratio started at a relatively low level in 2020, improved through 2021 and 2022, but then declined in the later quarters of 2022 and 2023. By the end of 2024, the current ratio had improved to 1.08, indicating that the company had a slightly higher level of current assets compared to its current liabilities.
It is important for investors and stakeholders to closely monitor the current ratio of Avery Dennison Corp to assess its short-term liquidity and ability to meet financial obligations in a timely manner. Fluctuations in the current ratio may suggest changes in the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024