Avery Dennison Balance Sheet Health
Financial Health criteria checks 4/6
Avery Dennison has a total shareholder equity of $2.2B and total debt of $3.2B, which brings its debt-to-equity ratio to 147%. Its total assets and total liabilities are $8.3B and $6.1B respectively. Avery Dennison's EBIT is $1.1B making its interest coverage ratio 8.7. It has cash and short-term investments of $221.7M.
Key information
147.0%
Debt to equity ratio
US$3.24b
Debt
Interest coverage ratio | 8.7x |
Cash | US$221.70m |
Equity | US$2.20b |
Total liabilities | US$6.05b |
Total assets | US$8.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HJR's short term assets ($2.9B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: 0HJR's short term assets ($2.9B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: 0HJR's net debt to equity ratio (137%) is considered high.
Reducing Debt: 0HJR's debt to equity ratio has reduced from 210.8% to 147% over the past 5 years.
Debt Coverage: 0HJR's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 0HJR's interest payments on its debt are well covered by EBIT (8.7x coverage).