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Avery Dennison Corporation logo
Avery Dennison Corporation AVY
$ 179.04 0.52%
report update icon

Quarterly report 2026-Q2
added 08-04-2026

Avery Dennison Corporation Balance Sheet 2025-2007 | AVY

Brief overview of Avery Dennison Corporation's balance sheet structure

The comparison uses five available annual reports from the 2015–2019 interval.

The asset base progressed from $4.4 billion to $5.5 billion, equal to +25.9% overall and about 5.9% per year.

The growth rates were balanced: assets changed +25.9%, while liabilities changed +30.1%.

The equity ratio equals 21.9%, with a starting level of 24%. Stable cash flow is important under this structure.

Net debt reached $1.4 billion, equal to 1.13x of equity. The debt profile is moderately stretched.

Cash accounts for 4.6% of assets versus 4.8% initially. The change indicates the degree of financial flexibility.

Retained earnings stand at $3 billion; the five-period change was +39.4%. This reflects accumulated business performance.

Overall assessment

Avery Dennison Corporation has a workable but not unconditionally strong balance sheet. Resilience depends on sustained earnings and liability control.

Annual Balance Sheet Avery Dennison Corporation

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

Net Debt

3.05 B 2.27 B 2.45 B 2.37 B 1.82 B - 1.37 B 1.72 B 1.35 B 900 M 922 M - 675 M 987 M 1.21 B 951 M - -

Long Term Debt

3.2 B 2.55 B 2.62 B 2.5 B 2.03 B - 1.5 B 1.77 B 1.32 B 964 M 945 M - 951 M 702 M 956 M 1.09 B - -

Long Term Debt Current

53.1 M 49.6 M 45.4 M 42.4 M 44.3 M - 41.4 M - - - - - - - - - - -

Total Non Current Liabilities

- - - - - - 2.03 B 2.23 B 2.12 B 1.71 B 1.7 B - 1.56 B 1.45 B 1.62 B - - -

Total Current Liabilities

2.65 B 2.86 B 2.7 B 2.8 B 1.93 B - 2.25 B 1.99 B 1.97 B 2 B 1.6 B - 1.55 B 2.07 B 1.65 B 1.87 B - -

Total Liabilities

- - - - - - 4.28 B 4.22 B 4.09 B 3.17 B 3.29 B - 3.12 B 3.52 B 3.45 B - - -

Deferred Revenue

16.2 M 15.5 M 18.1 M 22.2 M - - 12.9 M 11.8 M 196 M 30 M 107 M - 103 M 129 M 144 M - - -

Retained Earnings

5.6 B 5.15 B 4.69 B 4.41 B 3.35 B - 2.98 B 2.86 B 2.6 B 2.28 B 2.14 B - 2.01 B 1.91 B 1.73 B 1.5 B - -

Total Assets

8.8 B 8.4 B 8.21 B 7.95 B 6.08 B - 5.49 B 5.18 B 5.14 B 4.13 B 4.36 B - 4.61 B 5.11 B 5.1 B 5 B - -

Cash and Cash Equivalents

203 M 329 M 215 M 167 M 252 M - 254 M 232 M 224 M 195 M 207 M - 351 M 235 M 178 M 138 M 106 M 71.5 M

Book Value

8.8 B 8.4 B 8.21 B 7.95 B 6.08 B - 1.2 B 955 M 1.05 B 966 M 1.07 B - 1.49 B 1.58 B 1.65 B 5 B - -

Total Shareholders Equity

2.24 B 2.31 B 2.13 B 2.03 B 1.48 B - 1.2 B 955 M 1.03 B 926 M 1.05 B - 1.47 B 1.58 B 1.66 B 1.36 B 1.75 B 1.99 B

All numbers in USD currency

Quarterly Balance Sheet Avery Dennison Corporation

2026-Q2 2026-Q1 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-Q3 2010-Q2

Long Term Debt

3.18 B 3.19 B 3.2 B 2.63 B 2.58 B 2.56 B 2.04 B 2.05 B 2.07 B 2.62 B 2.6 B 2.91 B 2.91 B 2.5 B 2.46 B - 2.77 B 2.03 B 2.8 B 2.02 B 2.03 B - 2.02 B 2 B 1.99 B 1.48 B 1.5 B 1.5 B 1.5 B 1.75 B 1.77 B 1.77 B 1.77 B 1.32 B 1.32 B 1.32 B 1.32 B 713 M 713 M 713 M 713 M 940 M 968 M 970 M 945 M - 945 M 945 M 950 M 951 M 951 M 951 M 951 M 702 M 702 M 702 M 702 M 954 M 954 M 954 M 954 M 1.07 B 1.06 B

Retained Earnings

5.84 B 5.71 B 5.5 B 5.4 B 5.28 B 5.15 B 5.04 B 4.92 B 4.81 B 4.69 B 4.61 B 4.53 B 4.49 B 4.41 B 4.35 B - 4.02 B 3.35 B 3.75 B 3.64 B 3.5 B - 3.21 B 3.1 B 3.06 B 2.98 B 2.98 B 2.98 B 2.98 B 2.86 B 2.86 B 2.86 B 2.86 B 2.6 B 2.6 B 2.6 B 2.6 B 2.47 B 2.47 B 2.47 B 2.47 B 2.12 B 2.24 B 2.21 B 2.18 B - 2.1 B 2.06 B 2.05 B 2.01 B 2.01 B 2.01 B 2.01 B 1.91 B 1.91 B 1.91 B 1.91 B 1.81 B 1.81 B 1.81 B 1.81 B 1.64 B 1.59 B

Total Assets

9.21 B 8.98 B 8.87 B 8.57 B 8.35 B 8.4 B 8.45 B 8.3 B 8.26 B 8.21 B 8.13 B 8.27 B 8.22 B 7.95 B 8.04 B - 8.14 B 6.08 B 7.97 B 6.42 B 6.27 B - 5.72 B 5.65 B 6.26 B 5.49 B 5.49 B 5.49 B 5.49 B 5.18 B 5.18 B 5.18 B 5.18 B 5.14 B 5.14 B 5.14 B 5.14 B 4.4 B 4.4 B 4.4 B 4.4 B 4.36 B 4.25 B 4.35 B 4.31 B - 4.49 B 4.62 B 4.59 B 4.61 B 4.61 B 4.61 B 4.61 B 5.11 B 5.11 B 5.11 B 5.11 B 4.97 B 4.97 B 4.97 B 4.97 B 5.21 B 5.04 B

Cash and Cash Equivalents

227 M 255 M 536 M 216 M 196 M 329 M 213 M 209 M 186 M 215 M 210 M 217 M 351 M 167 M 128 M 165 M 147 M 252 M 207 M 345 M 328 M - 285 M 263 M 742 M 254 M 254 M 254 M 254 M 232 M 232 M 232 M 232 M 224 M 224 M 224 M 224 M 195 M 195 M 195 M 195 M 207 M 144 M 226 M 189 M - 196 M 222 M 205 M 351 M 352 M 352 M 352 M 235 M 235 M 235 M 235 M 178 M 178 M 178 M 178 M 158 M 149 M

Book Value

9.21 B 8.98 B 8.87 B 8.57 B 8.35 B 8.4 B 8.45 B 8.3 B 8.26 B 8.21 B 8.13 B 8.27 B 8.22 B 7.95 B 8.04 B - 8.14 B 6.08 B 7.97 B 6.42 B 6.27 B - 5.72 B 5.65 B 6.26 B 5.49 B 5.49 B 5.49 B 5.49 B 5.18 B 5.18 B 5.18 B 5.18 B 5.14 B 5.14 B 5.14 B 5.14 B 4.4 B 4.4 B 4.4 B 4.4 B 4.36 B 4.25 B 4.35 B 4.31 B - 4.49 B 4.62 B 4.59 B 4.61 B 4.61 B 4.61 B 4.61 B 5.11 B 5.11 B 5.11 B 5.11 B 4.97 B 4.97 B 4.97 B 4.97 B 5.21 B 5.04 B

Total Shareholders Equity

2.32 B 2.3 B 2.21 B 2.2 B 2.17 B 2.31 B 2.39 B 2.29 B 2.2 B 2.13 B 2.06 B 2.02 B 2.04 B 2.03 B 2.01 B - 1.93 B 1.48 B 1.8 B 1.7 B 1.58 B - 1.33 B 1.21 B 1.17 B 1.2 B 1.2 B 1.2 B 1.2 B 955 M 955 M 955 M 955 M 1.03 B 1.05 B 1.05 B 1.05 B 926 M 926 M 926 M 926 M 1.05 B 1.06 B 1.1 B 1.03 B - 1.31 B 1.43 B 1.5 B 1.47 B 1.49 B 1.49 B 1.49 B 1.54 B 1.58 B 1.58 B 1.58 B 1.66 B 1.66 B 1.66 B 1.66 B 1.53 B 1.41 B

All numbers in USD currency

Balance Sheet is a fundamental financial report of Avery Dennison Corporation, 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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