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Avery Dennison Corporation (AVY)
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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 |
Annual performance
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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 |
Quarterly performance
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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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