Avery Dennison Corp (AVY)
Debt-to-capital ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,127,900 | 2,063,600 | 2,015,200 | 2,042,900 | 2,032,200 | 2,007,300 | 1,936,900 | 1,932,500 | 1,924,400 | 1,799,200 | 1,703,600 | 1,581,900 | 1,484,900 | 1,334,600 | 1,213,900 | 1,173,400 | 1,204,000 | 1,057,400 | 1,062,500 | 991,900 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Avery Dennison Corp has consistently remained at 0.00 over the past several quarters. This indicates that the company is not relying heavily on debt to finance its operations and investments. A lower debt-to-capital ratio is generally viewed positively as it suggests lower financial risk and greater financial stability. In this case, Avery Dennison Corp's consistent zero debt-to-capital ratio reflects a strong financial position and the company's ability to fund its activities primarily through equity and retained earnings. This stability in the debt-to-capital ratio may be viewed positively by investors and creditors as it signifies a conservative approach to managing the company's capital structure.
Peer comparison
Dec 31, 2023