Avery Dennison Corp (AVY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,318,900K
= 0.00
Based on the provided data, Avery Dennison Corp has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 typically indicates that the company has no debt or has very minimal debt in relation to its equity. This may imply that Avery Dennison Corp relies more on equity financing rather than debt financing to support its operations and growth. Such a low debt-to-equity ratio may suggest a strong financial position and stability, as the company is not heavily leveraged. It also indicates a lower financial risk as the company has less debt to repay, which could be viewed positively by investors and creditors. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of Avery Dennison Corp's financial health and performance.
Peer comparison
Dec 31, 2024