Avery Dennison (BSP:A1VY34) Debt-to-Equity : 1.47 (As of Mar. 2024)

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What is Avery Dennison Debt-to-Equity?

Avery Dennison's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$5,829 Mil. Avery Dennison's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$10,308 Mil. Avery Dennison's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$10,975 Mil. Avery Dennison's debt to equity for the quarter that ended in Mar. 2024 was 1.47.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Avery Dennison's Debt-to-Equity or its related term are showing as below:

BSP:A1VY34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 1.56 Max: 2.4
Current: 1.47

During the past 13 years, the highest Debt-to-Equity Ratio of Avery Dennison was 2.40. The lowest was 0.82. And the median was 1.56.

BSP:A1VY34's Debt-to-Equity is ranked worse than
90.32% of 341 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BSP:A1VY34: 1.47

Avery Dennison Debt-to-Equity Historical Data

The historical data trend for Avery Dennison's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Avery Dennison Debt-to-Equity Chart

Avery Dennison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.61

1.43

1.61

1.53

Avery Dennison Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.74	1.76	1.61	1.53	1.47

Competitive Comparison of Avery Dennison's Debt-to-Equity

For the Packaging & Containers subindustry, Avery Dennison's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Avery Dennison's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Avery Dennison's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Avery Dennison's Debt-to-Equity falls into.

Avery Dennison Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avery Dennison's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3048.656	+	12847.766)	/	10426.284
	=	1.52

Avery Dennison's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5828.856	+	10307.688)	/	10975.479
	=	1.47

Avery Dennison (BSP:A1VY34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Avery Dennison Debt-to-Equity Related Terms

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Avery Dennison (BSP:A1VY34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Avery Dennison Corp (BSP:A1VY34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AVY:USA AV3:Germany AVY:Argentina

Address

8080 Norton Parkway, Mentor, OH, USA, 44060

Website

https://www.averydennison.com

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Avery Dennison (BSP:A1VY34) Headlines

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