Avery Dennison Corp (AVY)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,318,900 | 2,393,900 | 2,287,100 | 2,204,000 | 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 | 1,499,900 | 1,334,600 | 1,213,900 | 1,173,400 |
| 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, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,318,900K
= 0.00
The debt-to-equity ratio of Avery Dennison Corp has consistently remained at 0.00 for the past several quarters, indicating that the company has not utilized any debt to finance its operations and investments relative to its equity. A debt-to-equity ratio of 0.00 generally signifies that the company's operations are predominantly funded by equity rather than borrowed funds. This could suggest a conservative financial strategy and a low level of financial risk associated with debt obligations.
While low debt levels can be seen as a positive indicator, it's important to note that relying solely on equity financing may limit the company's ability to leverage opportunities for growth or expansion, as debt can be a cost-effective way to raise capital. Overall, a stable debt-to-equity ratio of 0.00 may reflect Avery Dennison Corp's financial discipline in managing its capital structure while also potentially limiting its flexibility in capital allocation.
Peer comparison
Dec 31, 2024