Avery Dennison Balance Sheet Health
Financial Health criteria checks 4/6
Avery Dennison has a total shareholder equity of $2.4B and total debt of $3.2B, which brings its debt-to-equity ratio to 132%. Its total assets and total liabilities are $8.5B and $6.1B respectively. Avery Dennison's EBIT is $1.1B making its interest coverage ratio 9.6. It has cash and short-term investments of $250.6M.
Key information
132.0%
Debt to equity ratio
US$3.16b
Debt
| Interest coverage ratio | 9.6x |
| Cash | US$250.60m |
| Equity | US$2.39b |
| Total liabilities | US$6.06b |
| Total assets | US$8.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVY's short term assets ($3.1B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: AVY's short term assets ($3.1B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: AVY's net debt to equity ratio (121.5%) is considered high.
Reducing Debt: AVY's debt to equity ratio has reduced from 186.8% to 132% over the past 5 years.
Debt Coverage: AVY's debt is well covered by operating cash flow (28.5%).
Interest Coverage: AVY's interest payments on its debt are well covered by EBIT (9.6x coverage).