Avery Dennison Corp (AVY)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,127,900 | 2,032,200 | 1,924,400 | 1,484,900 | 1,204,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,127,900K)
= 0.00
The debt-to-capital ratio of Avery Dennison Corp has consistently been 0.00% from 2019 to 2023. This indicates that the company has not used any debt to finance its operations relative to its total capital, which includes both debt and equity. A debt-to-capital ratio of 0.00% suggests that Avery Dennison Corp relies solely on equity financing, reflecting a strong financial position with no debt obligations impacting its capital structure. This could be perceived positively by investors and creditors as it signifies a low risk of default due to debt repayment obligations.
Peer comparison
Dec 31, 2023