Avery Dennison Corp (AVY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,405,100 | 8,209,800 | 7,950,500 | 7,971,600 | 6,098,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,405,100K
= 0.00
The debt-to-assets ratio for Avery Dennison Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that Avery Dennison Corp's assets are primarily funded through equity or other non-debt sources, which could signify a strong financial position and lower financial risk. However, it is important to note that relying solely on equity financing may limit the company's growth opportunities and potential returns for shareholders in the long run.
Peer comparison
Dec 31, 2024