Avnet Financials
Avnet (AVT) reported $27.6B in revenue for fiscal year 2026, up 24.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Avnet’s rebound is working-capital intensive: sales recover, but inventory and receivables absorb cash while margins remain thin.
FY2026 net income of$334M coexisted with operating cash flow of-$281M , so reported profit did not translate into cash; the gap points to working capital, not merely accounting presentation, as the key operating constraint. After capital spending, free cash flow was-$354M , confirming that cash generation remained negative even while the income statement stayed profitable.
Revenue recovered to
Inventory reached
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Avnet's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Avnet has an operating margin of 2.6%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is up from 2.3% the prior year.
Avnet's revenue surged 24.5% year-over-year to $27.6B, reflecting rapid business expansion. This strong growth earns a score of 39/100.
Avnet has elevated debt relative to equity (D/E of 0.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 21/100, reflecting increased financial risk.
Avnet's current ratio of 1.78 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.
Avnet's operations used $280.9M of cash, and capex of $73.6M added to the outflow, for a free cash flow shortfall of $354.5M. This results in a cash flow score of 28/100.
Avnet earns a strong 6.7% return on equity (ROE), meaning it generates $7 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is up from 4.8% the prior year.
Avnet scores 3.14, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Avnet passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Avnet used $0.84 of operating cash (-$280.9M OCF vs $334.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Avnet earns $2.89 in operating income for every $1 of interest expense ($724.8M vs $250.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Avnet generated $27.6B in revenue in fiscal year 2026. This represents an increase of 24.5% from the prior year.
Avnet's EBITDA was $801.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.8% from the prior year.
Avnet reported $334.4M in net income in fiscal year 2026. This represents an increase of 39.2% from the prior year.
Avnet earned $4.01 per diluted share (EPS) in fiscal year 2026. This represents an increase of 45.8% from the prior year.
Cash & Balance Sheet
Avnet recorded an outflow of $354.5M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 161.4% from the prior year.
Avnet held $155.4M in cash against $2.5B in long-term debt as of fiscal year 2026.
Avnet paid $1.40 per share in dividends in fiscal year 2026. This represents an increase of 6.1% from the prior year.
Margins & Returns
Avnet's gross margin was 10.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Avnet's operating margin was 2.6% in fiscal year 2026, reflecting core business profitability. This is up 0.3 percentage points from the prior year.
Avnet's net profit margin was 1.2% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Avnet's ROE was 6.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.9 percentage points from the prior year.
Capital Allocation
Avnet spent $138.3M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 54.4% from the prior year.
Avnet invested $73.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 50.1% from the prior year.
Not reported for fiscal year 2026.
AVT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.6B+24.5% | $22.2B | $26.5B+9.2% | $24.3B+24.4% | $19.5B+10.8% | $17.6B-9.7% | $19.5B | $17.4B+4.2% | $16.7B-5.2% | $17.7B-35.8% | $27.5B+8.0% | $25.5B | $26.5B+38.5% | $19.2B+18.1% | $16.2B |
| Cost of Revenue | $24.8B+24.9% | $19.8B | $23.4B+9.4% | $21.3B+23.4% | $17.3B+11.1% | $15.6B-8.6% | $17.0B | $15.1B+2.8% | $14.7B-5.1% | $15.4B-36.4% | $24.3B+8.0% | $22.5B | $23.4B+38.8% | $16.9B+18.8% | $14.2B |
| Gross Profit | $2.9B+20.8% | $2.4B | $3.2B+7.3% | $3.0B+32.3% | $2.2B+8.6% | $2.1B-17.0% | $2.5B | $2.4B+14.0% | $2.1B-6.0% | $2.2B-31.5% | $3.2B+8.3% | $3.0B | $3.1B+36.3% | $2.3B+12.7% | $2.0B |
| SG&A Expenses | $2.0B+14.8% | $1.8B | $2.0B-1.4% | $2.0B+6.4% | $1.9B+1.8% | $1.8B-1.7% | $1.9B | $1.8B+22.5% | $1.5B-3.6% | $1.5B-35.3% | $2.3B+6.2% | $2.2B | $2.1B+29.7% | $1.6B+5.7% | $1.5B |
| Operating Income | $724.8M+40.9% | $514.3M | $1.2B+26.4% | $939.0M+233.7% | $281.4M+6180.6% | -$4.6M-101.3% | $365.9M | $443.7M-22.6% | $572.9M-12.3% | $653.1M-17.3% | $789.9M+26.2% | $626.0M | $930.0M+46.3% | $635.6M+162.4% | -$1.0B |
| Interest Expense | $250.7M-11.4% | $282.9M | $250.9M+149.9% | $100.4M+12.2% | $89.5M-27.1% | $122.7M-9.0% | $134.9M | $99.6M+8.3% | $91.9M+5.6% | $87.1M-16.9% | $104.8M-2.6% | $107.7M | $92.5M+49.7% | $61.7M-21.5% | $78.7M |
| Income Tax | $133.0M+1185.2% | $10.4M | $212.0M+50.4% | $141.0M+798.3% | -$20.2M+79.5% | -$98.5M-263.5% | $60.3M | $47.1M-46.0% | $87.1M+1.1% | $86.1M-44.6% | $155.5M+56.8% | $99.2M | $201.9M+15.6% | $174.7M+402.9% | $34.7M |
| Net Income | $334.4M+39.2% | $240.2M | $770.8M+11.3% | $692.4M+258.5% | $193.1M+721.3% | -$31.1M-117.6% | $176.3M | $525.3M+3.7% | $506.5M-11.4% | $571.9M+4.8% | $545.6M+21.2% | $450.1M | $669.1M+63.0% | $410.4M+136.3% | -$1.1B |
| EPS (Diluted) | $4.01+45.8% | $2.75 | $8.26+19.0% | $6.94+259.6% | $1.93+722.6% | -$0.31-119.5% | $1.59 | $4.08+7.4% | $3.80-7.8% | $4.12+5.9% | $3.89+21.2% | $3.21 | $4.34+61.9% | $2.68+135.8% | -$7.49 |
Not reported in any period shown, so not listed: R&D Expenses.
No annual filing on record for: FY2012, FY2018, FY2024.
AVT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.4B+27.3% | $12.1B | $12.5B+20.1% | $10.4B+16.4% | $8.9B+10.1% | $8.1B-5.4% | $8.6B | $9.7B-13.7% | $11.2B+4.1% | $10.8B-4.0% | $11.3B+7.5% | $10.5B | $9.9B+27.3% | $7.8B+24.1% | $6.3B |
| Current Assets | $13.3B+33.1% | $10.0B | $10.8B+21.1% | $8.9B+23.9% | $7.2B+13.2% | $6.3B-8.0% | $6.9B | $7.5B-16.3% | $9.0B+4.9% | $8.6B-4.1% | $9.0B+7.1% | $8.4B | $8.2B+24.1% | $6.6B+28.9% | $5.1B |
| Cash & Equivalents | $155.4M-19.2% | $192.4M | $288.2M+87.5% | $153.7M-23.0% | $199.7M-58.1% | $477.0M-12.6% | $546.1M | $836.4M-18.9% | $1.0B+10.6% | $932.6M+0.4% | $929.0M-8.0% | $1.0B | $675.3M-38.2% | $1.1B+15.7% | $943.9M |
| Inventory | $6.1B+15.9% | $5.2B | $5.5B+28.8% | $4.2B+31.1% | $3.2B+18.5% | $2.7B-9.2% | $3.0B | $2.8B+10.3% | $2.6B+3.1% | $2.5B-5.0% | $2.6B+15.4% | $2.3B | $2.6B+43.2% | $1.8B+28.4% | $1.4B |
| Accounts Receivable | $6.9B+59.1% | $4.3B | $4.8B+10.8% | $4.3B+20.3% | $3.6B+22.1% | $2.9B-7.6% | $3.2B | $3.3B+20.5% | $2.8B-45.2% | $5.1B-3.2% | $5.2B+7.2% | $4.9B | $4.8B+33.3% | $3.6B+36.5% | $2.6B |
| Goodwill | $810.2M-3.2% | $837.0M | $780.6M+2.9% | $758.8M-9.5% | $838.1M+8.3% | $773.7M-11.7% | $876.7M | $1.1B+84.7% | $621.9M-51.4% | $1.3B-5.2% | $1.3B+6.9% | $1.3B | $885.1M+56.3% | $566.3M+2.9% | $550.1M |
| Total Liabilities | $10.4B+46.4% | $7.1B | $7.7B+24.7% | $6.2B+28.0% | $4.8B+10.6% | $4.4B-1.0% | $4.4B | $4.5B-31.0% | $6.5B+7.1% | $6.1B-3.9% | $6.4B+2.8% | $6.2B | $5.8B+22.5% | $4.8B+35.9% | $3.5B |
| Current Liabilities | $7.5B+81.8% | $4.1B | $4.2B-0.1% | $4.3B+39.2% | $3.1B+34.0% | $2.3B-11.6% | $2.6B | $2.5B-50.4% | $4.9B+15.7% | $4.3B-14.2% | $5.0B+3.3% | $4.8B | $4.5B+30.2% | $3.4B+40.1% | $2.5B |
| Long-Term Debt | $2.5B-3.7% | $2.6B | $3.0B+107.9% | $1.4B+20.7% | $1.2B-16.4% | $1.4B+0.3% | $1.4B | $1.7B+29.1% | $1.3B-18.7% | $1.6B+36.2% | $1.2B+0.2% | $1.2B | $1.3B+2.4% | $1.2B+31.4% | $946.6M |
| Total Equity | $5.0B+0.2% | $5.0B | $4.8B+13.3% | $4.2B+2.7% | $4.1B+9.6% | $3.7B-10.0% | $4.1B | $5.2B+10.5% | $4.7B+0.1% | $4.7B-4.2% | $4.9B+14.0% | $4.3B | $4.1B+34.8% | $3.0B+9.0% | $2.8B |
| Retained Earnings | $3.5B+2.4% | $3.4B | $3.4B+15.6% | $2.9B+16.1% | $2.5B+3.9% | $2.4B-12.5% | $2.8B | $3.8B+4.6% | $3.6B+1.4% | $3.6B+10.0% | $3.3B+16.2% | $2.8B | $2.3B+41.2% | $1.6B+33.8% | $1.2B |
No annual filing on record for: FY2012, FY2018, FY2024.
AVT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$280.9M-138.8% | $724.5M | -$713.7M-225.4% | -$219.3M-341.1% | $90.9M-87.5% | $730.2M+36.5% | $534.8M | -$368.7M-264.4% | $224.3M-61.6% | $583.9M+145.9% | $237.4M-65.9% | $696.2M | $278.1M+1014.3% | -$30.4M-102.7% | $1.1B |
| Capital Expenditures | $73.6M-50.1% | $147.5M | $194.7M+298.1% | $48.9M-2.9% | $50.4M-31.5% | $73.5M-40.1% | $122.7M | $120.4M-12.4% | $137.4M+3.0% | $133.4M+8.2% | $123.2M+26.6% | $97.4M | $148.7M+122.3% | $66.9M-39.3% | $110.2M |
| Free Cash Flow | -$354.5M-161.4% | $577.0M | -$908.4M-238.7% | -$268.2M-760.8% | $40.6M-93.8% | $656.7M+59.4% | $412.1M | -$489.1M-662.6% | $86.9M-80.7% | $450.5M+294.6% | $114.2M-80.9% | $598.8M | $129.4M+233.0% | -$97.3M-109.7% | $1.0B |
| Investing Cash Flow | -$71.5M+47.9% | -$137.1M | -$211.6M-512.4% | $51.3M+183.8% | -$61.2M+54.7% | -$135.0M-435.5% | -$25.2M | $1.3B+977.6% | -$152.5M+18.2% | -$186.3M+21.5% | -$237.5M+32.7% | -$353.1M | -$810.0M-620.5% | -$112.4M+71.7% | -$397.7M |
| Financing Cash Flow | $315.9M+145.5% | -$693.5M | $1.1B+575.9% | $156.1M+149.7% | -$314.0M+51.3% | -$644.5M-10.6% | -$582.7M | -$1.2B-3662.1% | $33.4M+109.8% | -$341.0M-285.3% | -$88.5M+74.3% | -$344.1M | $63.2M-78.7% | $296.8M+173.2% | -$405.2M |
| Dividends Paid | $114.4M+0.9% | $113.3M | $106.3M+8.0% | $98.5M+16.8% | $84.3M+0.4% | $84.0M-3.7% | $87.2M | $88.7M+0.1% | $88.6M+1.4% | $87.3M+5.5% | $82.8M | $0 | N/A | N/A | N/A |
| Share Buybacks | $138.3M-54.4% | $303.5M | $221.7M+20.3% | $184.4M | N/A | $237.8M-58.2% | $568.7M | $275.9M-27.6% | $380.9M+138.1% | $160.0M+1756.8% | $8.6M-95.8% | $207.2M | $0 | $0 | N/A |
No annual filing on record for: FY2012, FY2018, FY2024.
AVT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 | FY09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.4%-0.3pp | 10.7% | 12.0%-0.2pp | 12.2%+0.7pp | 11.5%-0.2pp | 11.7%-1.0pp | 12.7% | 13.6%+1.2pp | 12.4%-0.1pp | 12.5%+0.8pp | 11.7%0.0pp | 11.7% | 11.7%-0.2pp | 11.9%-0.6pp | 12.5% |
| Operating Margin | 2.6%+0.3pp | 2.3% | 4.5%+0.6pp | 3.9%+2.4pp | 1.4%+1.5pp | 0.0%-1.9pp | 1.9% | 2.5%-0.9pp | 3.4%-0.3pp | 3.7%+0.8pp | 2.9%+0.4pp | 2.5% | 3.5%+0.2pp | 3.3%+9.6pp | -6.3% |
| Net Margin | 1.2%+0.1pp | 1.1% | 2.9%+0.1pp | 2.9%+1.9pp | 1.0%+1.2pp | -0.2%-1.1pp | 0.9% | 3.0%0.0pp | 3.0%-0.2pp | 3.2%+1.3pp | 2.0%+0.2pp | 1.8% | 2.5%+0.4pp | 2.1%+9.1pp | -7.0% |
| Return on Equity | 6.7%+1.9pp | 4.8% | 16.2%-0.3pp | 16.5%+11.8pp | 4.7%+5.6pp | -0.8%-5.1pp | 4.3% | 10.1%-0.7pp | 10.8%-1.4pp | 12.2%+1.0pp | 11.2%+0.7pp | 10.5% | 16.5%+2.9pp | 13.6%+54.6pp | -40.9% |
| Return on Assets | 2.2%+0.2pp | 2.0% | 6.2%-0.5pp | 6.7%+4.5pp | 2.2%+2.5pp | -0.4%-2.4pp | 2.1% | 5.4%+0.9pp | 4.5%-0.8pp | 5.3%+0.4pp | 4.9%+0.6pp | 4.3% | 6.8%+1.5pp | 5.3%+23.3pp | -18.0% |
| Current Ratio | 1.78-0.7x | 2.43 | 2.53+0.4x | 2.09-0.3x | 2.34-0.4x | 2.78+0.1x | 2.67 | 3.07+1.2x | 1.82-0.2x | 2.01+0.2x | 1.80+0.1x | 1.73 | 1.84-0.1x | 1.93-0.2x | 2.09 |
| Debt-to-Equity | 0.490.0x | 0.51 | 0.63+0.3x | 0.34+0.1x | 0.29-0.1x | 0.380.0x | 0.34 | 0.330.0x | 0.29-0.1x | 0.35+0.1x | 0.250.0x | 0.28 | 0.31-0.1x | 0.41+0.1x | 0.34 |
| FCF Margin | -1.3%-3.9pp | 2.6% | -3.4%-2.3pp | -1.1%-1.3pp | 0.2%-3.5pp | 3.7%+1.6pp | 2.1% | -2.8%-3.3pp | 0.5%-2.0pp | 2.5%+2.1pp | 0.4%-1.9pp | 2.4% | 0.5%+1.0pp | -0.5%-6.7pp | 6.2% |
No annual filing on record for: FY2012, FY2018, FY2024.
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Where Avnet Ranks
Frequently Asked Questions
What is Avnet's annual revenue?
Avnet (AVT) reported $27.6B in total revenue for fiscal year 2026. This represents a 24.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Avnet's revenue growing?
Avnet (AVT) revenue grew by 24.5% year-over-year, from $22.2B to $27.6B in fiscal year 2026.
Is Avnet profitable?
Yes, Avnet (AVT) reported a net income of $334.4M in fiscal year 2026, with a net profit margin of 1.2%.
What is Avnet's EBITDA?
Avnet (AVT) had EBITDA of $801.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Avnet have?
As of fiscal year 2026, Avnet (AVT) had $155.4M in cash and equivalents against $2.5B in long-term debt.
What is Avnet's gross margin?
Avnet (AVT) had a gross margin of 10.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Avnet's operating margin?
Avnet (AVT) had an operating margin of 2.6% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Avnet's net profit margin?
Avnet (AVT) had a net profit margin of 1.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Avnet pay dividends?
Yes, Avnet (AVT) paid $1.40 per share in dividends during fiscal year 2026.
What is Avnet's return on equity (ROE)?
Avnet (AVT) has a return on equity of 6.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Avnet's free cash flow?
Avnet (AVT) recorded an outflow of $354.5M in free cash flow during fiscal year 2026. This represents a -161.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Avnet's operating cash flow?
Avnet (AVT) recorded an outflow of $280.9M in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Avnet's total assets?
Avnet (AVT) had $15.4B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Avnet's capital expenditures?
Avnet (AVT) invested $73.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Avnet's current ratio?
Avnet (AVT) had a current ratio of 1.78 as of fiscal year 2026, which is generally considered healthy.
What is Avnet's debt-to-equity ratio?
Avnet (AVT) had a debt-to-equity ratio of 0.49 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Avnet's return on assets (ROA)?
Avnet (AVT) had a return on assets of 2.2% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Avnet's cash runway?
Based on fiscal year 2026 data, Avnet (AVT) had $155.4M in cash against an annual operating cash burn of $280.9M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Avnet's Altman Z-Score?
Avnet (AVT) has an Altman Z-Score of 3.14, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Avnet's Piotroski F-Score?
Avnet (AVT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Avnet's earnings high quality?
For every $1 of reported earnings, Avnet (AVT) used $0.84 of operating cash (-$280.9M OCF vs $334.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Avnet cover its interest payments?
Avnet (AVT) has an interest coverage ratio of 2.89x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Avnet?
Avnet (AVT) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.