Avnet Balance Sheet Health
Financial Health criteria checks 3/6
Avnet has a total shareholder equity of $5.0B and total debt of $3.0B, which brings its debt-to-equity ratio to 58.7%. Its total assets and total liabilities are $12.6B and $7.6B respectively. Avnet's EBIT is $823.4M making its interest coverage ratio 3. It has cash and short-term investments of $267.5M.
Key information
58.7%
Debt to equity ratio
US$2.95b
Debt
| Interest coverage ratio | 3x |
| Cash | US$267.52m |
| Equity | US$5.04b |
| Total liabilities | US$7.56b |
| Total assets | US$12.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VNI's short term assets ($10.7B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: VNI's short term assets ($10.7B) exceed its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: VNI's net debt to equity ratio (53.3%) is considered high.
Reducing Debt: VNI's debt to equity ratio has increased from 46.2% to 58.7% over the past 5 years.
Debt Coverage: VNI's debt is well covered by operating cash flow (28.3%).
Interest Coverage: VNI's interest payments on its debt are not well covered by EBIT (3x coverage).