Avnet Balance Sheet Health
Financial Health criteria checks 3/6
Avnet has a total shareholder equity of $5.0B and total debt of $3.4B, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are $13.0B and $8.0B respectively. Avnet's EBIT is $1.1B making its interest coverage ratio 3.8. It has cash and short-term investments of $272.9M.
Key information
68.9%
Debt to equity ratio
US$3.45b
Debt
Interest coverage ratio | 3.8x |
Cash | US$272.85m |
Equity | US$5.01b |
Total liabilities | US$7.99b |
Total assets | US$13.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VNI's short term assets ($11.1B) exceed its short term liabilities ($4.8B).
Long Term Liabilities: VNI's short term assets ($11.1B) exceed its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: VNI's net debt to equity ratio (63.4%) is considered high.
Reducing Debt: VNI's debt to equity ratio has increased from 44.6% to 68.9% over the past 5 years.
Debt Coverage: VNI's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: VNI's interest payments on its debt are well covered by EBIT (3.8x coverage).