Avery Dennison Corp (AVY)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($329,100K
+ $—K
+ $—K)
÷ $2,862,600K
= 0.11
The quick ratio of Avery Dennison Corp, which measures the company's ability to cover its short-term liabilities with its most liquid assets, has shown fluctuations over the period indicated in the data.
As of December 31, 2024, the quick ratio stands at 0.11, indicating that the company had $0.11 of liquid assets available to cover each $1 of its current liabilities. This suggests a moderate level of liquidity.
The quick ratio has varied between 0.05 and 0.30 during the period analyzed. The ratio dipped to its lowest point of 0.05 on September 30, 2022, indicating a potential liquidity issue. However, it gradually improved over time, with some fluctuations, and reached 0.11 by December 31, 2024.
Overall, the trend in the quick ratio suggests that Avery Dennison Corp has been managing its liquidity position, although there were periods of relatively lower liquidity levels. Investors and analysts may want to monitor this ratio closely to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024