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Avnet AVT
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Quarterly report 2026-Q4
added 08-14-2026

Avnet Balance Sheet 2026-2007 | AVT

Brief overview of Avnet's assets and capital

Balance sheet changes are traced across five available annual reports between 2020 and 2025.

Assets added +49.5%, reaching $12.1 billion from $8.1 billion five periods earlier; annual growth near 8.4% remained solid.

Funding shifted toward liabilities: they gained +62.3%, compared with +49.5% for assets.

Equity represents 41.4% of assets versus 46% initially. The capital structure appears balanced.

Each unit of equity supports about 0.49x of net debt. Dependence on debt remains comfortable.

The cash share moved from 5.9% to 1.6%. A higher figure generally provides more room in an adverse scenario.

Accumulated earnings ended at $3.4 billion, a change of +41.6%. They remain an important part of the capital base.

Balance sheet takeaway

Avnet's balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.

Annual Balance Sheet Avnet

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Net Debt

2.38 B 2.44 B 2.15 B - 1.34 B 1.05 B 1 B 1.17 B 1.03 B 943 M 1.46 B 1.05 B 1.15 B 1.04 B 1.14 B 842 M 152 M 2.65 M - -

Long Term Debt

2.48 B 2.57 B 2.41 B - 1.44 B 1.19 B 1.42 B 1.42 B 1.49 B 1.73 B 1.34 B 1.65 B 1.21 B 1.21 B 1.27 B 1.27 B 1.24 B 947 M - -

Long Term Debt Current

55.9 M 56.2 M 54 M - 54.5 M 58.3 M 53.3 M - - - - - - - - - - - - -

Total Non Current Liabilities

- - - - - - - 1.85 B 1.94 B 2.06 B 1.61 B 1.84 B 1.39 B 1.36 B 1.46 B 1.37 B - - - -

Total Current Liabilities

7.5 B 4.13 B 4.47 B - 4.25 B 3.06 B 2.28 B 2.58 B 2.97 B 2.45 B 4.94 B 4.27 B 4.98 B 4.82 B 4.8 B 4.48 B 3.44 B 2.46 B - -

Total Liabilities

10.4 B 7.11 B 7.28 B - 6.2 B 4.84 B 4.38 B 4.42 B 4.91 B 4.52 B 6.55 B 6.11 B 6.36 B 6.19 B 6.26 B 5.85 B 4.77 B 3.51 B - -

Retained Earnings

3.51 B 3.43 B 3.6 B - 2.92 B 2.52 B 2.42 B 2.77 B 3.24 B 3.8 B 3.63 B 3.58 B 3.26 B 2.8 B 2.55 B 2.29 B 1.62 B 1.21 B - -

Total Assets

15.4 B 12.1 B 12.2 B 12.5 B 10.4 B 8.93 B 8.11 B 8.56 B 9.6 B 9.7 B 11.2 B 10.8 B 11.3 B 10.5 B 10.2 B 9.91 B 7.78 B 6.27 B - -

Cash and Cash Equivalents

155 M 192 M 311 M 288 M 154 M 200 M 477 M 546 M 621 M 836 M 1.03 B 933 M 929 M 1.01 B 1.01 B 675 M 1.09 B 944 M 640 M 557 M

Book Value

5.02 B 5.01 B 4.93 B 12.5 B 4.19 B 4.08 B 3.73 B 4.14 B 4.69 B 5.18 B 4.69 B 4.69 B 4.89 B 4.29 B 3.91 B 4.06 B 3.01 B 2.76 B - -

Total Shareholders Equity

5.02 B 5.01 B 4.93 B 4.75 B 4.19 B 4.08 B 3.73 B 4.14 B 4.69 B 5.18 B 4.69 B 4.69 B 4.89 B 4.29 B 3.91 B 4.06 B 3.01 B 2.76 B 4.14 B 3.42 B

All numbers in USD currency

Quarterly Balance Sheet Avnet

2026-Q4 2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2 2010-Q1

Long Term Debt

159 M 2.47 B 2.47 B 2.8 B 174 M 2.49 B 2.57 B 2.43 B 191 M 2.41 B 2.75 B 3.1 B 199 M 3.03 B 2.98 B 1.83 B 1.14 B - - 922 M 896 M 1.39 B 1.19 B 1.19 B - 1.2 B 1.42 B 1.42 B 1.19 B 1.19 B 1.42 B 1.42 B 1.96 B 1.55 B 1.49 B 1.49 B 1.49 B 1.5 B 1.73 B 1.73 B 3.38 B 2.61 B 1.34 B 1.34 B - 1.08 B 1.65 B 1.65 B 1.69 B 1.63 B 1.21 B 1.21 B 1.23 B 1.2 B 1.21 B 1.21 B 1.51 B 1.4 B 1.27 B 1.27 B 1.18 B 1.15 B 1.27 B 1.27 B 947 M 938 M 939 M 957 M

Total Liabilities

7.11 B 8.54 B 8.22 B 7.57 B 7.28 B 6.83 B 7.1 B 7.56 B 7.73 B 7.34 B 7.99 B 7.82 B 6.2 B 7.47 B 7.5 B 6.95 B 5.38 B - - 5.52 B 4.35 B 5.07 B 4.84 B 4.84 B - 4.6 B 4.38 B 4.38 B 4.57 B 4.96 B 4.42 B 4.42 B 4.83 B 4.83 B 4.91 B 4.91 B 4.55 B 4.53 B 4.52 B 4.52 B 8.54 B 6.26 B 6.55 B 6.55 B - 6.23 B 6.11 B 6.11 B 6.79 B 6.19 B 6.36 B 6.37 B 6.86 B 6.06 B 6.19 B 6.19 B 6.44 B 6.12 B 6.26 B 6.26 B 6.32 B 5.85 B 5.85 B 5.85 B 3.51 B 4.14 B 4.33 B 3.82 B

Retained Earnings

3.43 B 3.42 B 3.35 B 3.32 B 3.6 B 3.5 B 3.54 B 3.53 B 3.38 B 3.63 B 3.56 B 3.53 B 2.92 B 3.25 B 3.09 B 2.93 B 2.69 B - - 2.8 B 2.37 B 2.59 B 2.52 B 2.52 B - 2.37 B 2.42 B 2.42 B 2.58 B 2.68 B 2.77 B 2.77 B 2.98 B 3.14 B 3.24 B 3.24 B 3.72 B 3.77 B 3.8 B 3.8 B 3.76 B 3.68 B 3.63 B 3.63 B - 3.55 B 3.58 B 3.58 B 3.4 B 3.35 B 3.26 B 3.26 B 3.01 B 2.9 B 2.8 B 2.8 B 2.59 B 2.52 B 2.55 B 2.55 B 2.36 B 2.35 B 2.29 B 2.29 B 1.21 B 1.48 B 1.37 B 1.26 B

Total Assets

12.2 B 13.5 B 13.2 B 12.4 B 12.5 B 11.7 B 11.9 B 12.6 B 10.4 B 12.3 B 13 B 12.6 B 8.93 B 12.1 B 11.9 B 11 B 9.58 B - - 9.78 B 8.26 B 9.21 B 8.93 B 8.93 B - 8.38 B 8.11 B 8.11 B 8.53 B 8.91 B 8.56 B 8.56 B 9.23 B 9.45 B 9.6 B 9.6 B 9.8 B 9.77 B 9.7 B 9.7 B 13.3 B 11 B 11.2 B 11.2 B - 10.9 B 10.8 B 10.8 B 11.5 B 11 B 11.3 B 11.3 B 11.5 B 10.6 B 10.5 B 10.5 B 10.5 B 10.1 B 10.2 B 10.2 B 10.2 B 9.78 B 9.91 B 9.91 B 6.27 B 7.16 B 7.32 B 6.71 B

Cash and Cash Equivalents

288 M 202 M 287 M 175 M 154 M 189 M 172 M 268 M 200 M 218 M 273 M 279 M 477 M 186 M 325 M 80.9 M 168 M - - 199 M 376 M 299 M 200 M 200 M - 483 M 477 M 477 M 489 M 664 M 546 M 546 M 482 M 366 M 621 M 621 M 590 M 540 M 836 M 836 M 1.27 B 1.2 B 1.27 B 1.2 B - 825 M 933 M 825 M 903 M 814 M 903 M 814 M 779 M 866 M 779 M 866 M 815 M 1.04 B 815 M 1.04 B 969 M 622 M 969 M 622 M 557 M 755 M 895 M 987 M

Book Value

5.1 B 4.95 B 4.94 B 4.85 B 5.19 B 4.88 B 4.84 B 5.04 B 2.66 B 4.99 B 5.01 B 4.82 B 2.73 B 4.64 B 4.43 B 4.02 B 4.2 B - - 4.26 B 3.91 B 4.15 B 4.08 B 4.08 B - 3.78 B 3.73 B 3.73 B 3.96 B 3.96 B 4.14 B 4.14 B 4.41 B 4.62 B 4.69 B 4.69 B 5.25 B 5.24 B 5.18 B 5.18 B 4.71 B 4.79 B 4.69 B 4.69 B - 4.63 B 4.69 B 4.69 B 4.7 B 4.79 B 4.9 B 4.89 B 4.63 B 4.5 B 4.29 B 4.29 B 4.11 B 3.98 B 3.91 B 3.91 B 3.86 B 3.93 B 4.06 B 4.06 B 2.76 B 3.02 B 2.98 B 2.89 B

Total Shareholders Equity

4.75 B 4.95 B 4.94 B 4.85 B 4.19 B 4.88 B 4.84 B 5.04 B 4.08 B 4.99 B 5.01 B 4.82 B 3.73 B 4.64 B 4.43 B 4.02 B 4.2 B - - 4.26 B 3.91 B 4.15 B 4.15 B 4.15 B - 3.78 B 3.78 B 3.78 B 3.96 B 3.96 B 3.96 B 3.96 B 4.41 B 4.62 B 4.41 B 4.62 B 5.25 B 5.24 B 5.18 B 5.18 B 4.71 B 4.79 B 4.69 B 4.69 B - 4.63 B 4.69 B 4.69 B 4.7 B 4.79 B 4.89 B 4.89 B 4.63 B 4.5 B 4.29 B 4.29 B 4.11 B 3.98 B 3.91 B 3.91 B 3.86 B 3.93 B 4.06 B 4.06 B 3.42 B 3.02 B 2.98 B 2.89 B

All numbers in USD currency

Balance Sheet is a fundamental financial report of Avnet, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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