Avery Dennison Corp (AVY)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,127,900K
= 0.00
The debt-to-equity ratio of Avery Dennison Corp has consistently been reported as 0.00 for each period listed in the table. This indicates that the company has not reported any debt on its balance sheet during these periods and therefore has been entirely financed by equity. A debt-to-equity ratio of 0.00 signifies a conservative capital structure where the company is not relying on borrowed funds to finance its operations. This could be seen as a positive sign of financial stability and low financial risk for the company, as it does not have significant debt obligations that could potentially strain its financial standing. However, it is important to consider that a debt-to-equity ratio of 0.00 may also indicate limited growth opportunities or underutilization of leverage for potential business expansion.
Peer comparison
Dec 31, 2023