Avery Dennison Corp (AVY)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,318,900 | 2,127,900 | 2,032,200 | 1,924,400 | 1,499,900 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,318,900K)
= 0.00
Based on the data provided, Avery Dennison Corp's debt-to-capital ratio has consistently been 0.00 for the past five years, from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during this period. This suggests that Avery Dennison Corp has been operating with a capital structure primarily composed of equity rather than debt financing. A low or zero debt-to-capital ratio can signify financial stability, lower financial risk, and potentially lower interest expenses for the company. However, it is important to note that a zero debt-to-capital ratio may also mean that the company is not taking advantage of leverage for potential growth or expansion opportunities. Further analysis of the company's overall financial health, profitability, and future growth prospects would provide a more comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024