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Avery Dennison Corporation  (AVY)
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Avery Dennison's Quick Ratio

AVY's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the third quarter 2023, Quick Ratio fell to 0.08 below Avery Dennison Corporation average.

Within Paper & Paper Products industry 6 other companies have achieved higher Quick Ratio than Avery Dennison in third quarter 2023. While Quick Ratio total ranking has improved so far during the III Quarter 2023 to 2026, from total ranking in the second quarter 2023 at 2724.

Explain Quick Ratio?
How much Cash & cash equivalents AVY´s has?
What are AVY´s Current Liabilities?


AVY Quick Ratio (Sep 30 2023)
III. Quarter
(Jul 01 2023)
II. Quarter
(Apr 01 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Oct 01 2022)
III. Quarter
Y / Y Current Liabilities Change -6.63 % -13.06 % -2.92 % 9.89 % 12.64 %
Y / Y Cash & cash equivalent Change 63.73 % 31.74 % 138.82 % 2.77 % -38.13 %
Quick Ratio MRQ 0.08 0.08 0.13 0.06 0.04
AVY's Total Ranking # 2026 # 2724 # 1317 # 1281 # 5617
Seq. Current Liabilities Change 5.2 % -1.32 % -5.58 % -4.75 % -2.04 %
Seq. Cash & cash equivalent Change -3.32 % -38.2 % 110.11 % 30.42 % -22.21 %



Quick Ratio third quarter 2023 Company Ranking
Within: No.
Paper & Paper Products Industry # 7
Basic Materials Sector # 142
Overall Market # 2026


Quick Ratio Statistics
High Average Low
0.29 0.09 0.02
(Mar 28 2020)   (June 29, 2004)




Financial Statements
Avery Dennison's Current Liabilities $ 2,744 Millions Visit AVY's Balance sheet
Avery Dennison's Cash & cash equivalent $ 210 Millions Visit AVY's Balance sheet
Source of AVY's Sales Visit AVY's Sales by Geography


Cumulative Avery Dennison's Quick Ratio

AVY's Quick Ratio for the trailling 12 Months

AVY Quick Ratio

(Sep 30 2023)
III. Quarter
(Jul 01 2023)
II. Quarter
(Apr 01 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Oct 01 2022)
III. Quarter
Y / Y Current Liabilities TTM Growth -6.63 % -13.06 % -2.92 % 9.89 % 12.64 %
Y / Y Cash & cash equivalent TTM Growth 63.73 % 31.74 % 138.82 % 2.77 % -38.13 %
Quick Ratio TTM 0.09 0.08 0.07 0.05 0.05
Total Ranking TTM # 1847 # 5652 # 5645 # 2505 # 5566
Seq. Current Liabilities TTM Growth 5.2 % -1.32 % -5.58 % -4.75 % -2.04 %
Seq. Cash & cash equivalent TTM Growth -3.32 % -38.2 % 110.11 % 30.42 % -22.21 %


On the trailing twelve months basis AVY Cash & cash equivalent soared by 63.73 % in III Quarter 2023 year on year, while Current Liabilities rose to $2,744 millions, this led to increase in in Avery Dennison's Quick Ratio to 0.09, Quick Ratio remained below AVY average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Paper & Paper Products industry 7 other companies have achieved higher Quick Ratio than Avery Dennison. While Quick Ratio overall ranking has improved so far to 1847, from total ranking during the twelve months ending second quarter 2023 at 5652.

Explain Quick Ratio?
How much Cash & cash equivalents AVY´s has?
What are AVY´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Paper & Paper Products Industry # 8
Basic Materials Sector # 163
Within the Market # 1847


trailing twelve months Quick Ratio Statistics
High Average Low
0.19 0.09 0.03
(Jan 02 2021)   (Dec. 29. 2007)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Paper & Paper Products Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Mativ Holdings Inc   0.21 $ 84.700  Millions$ 403.500  Millions
Glatfelter Corporation  0.21 $ 52.741  Millions$ 255.586  Millions
Rayonier Advanced Materials Inc   0.14 $ 27.127  Millions$ 200.694  Millions
Kimberly clark Corporation  0.12 $ 814.000  Millions$ 6,831.000  Millions
Avery Dennison Corporation  0.08 $ 209.900  Millions$ 2,744.300  Millions

Date modified: 2023-11-01T18:48:32+00:00



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