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Avery Dennison balance sheet

At the end of fiscal 2025, Avery Dennison had total assets of $8.80bn and shareholders' equity of $2.24bn. It held $203m in cash against $3.73bn of debt: net debt of $3.53bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Jan 20102010Jan 20112011Dec 20112012Dec 20122013Dec 20132014Jan 20152015Jan 20162016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Jan 20212021Jan 20222022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents138128178235351207159195224232254252163167215329203227
Receivables9199968779731,0179589651,0011,1801,1901,2121,2351,4251,3741,4151,4661,5041,794
Inventory4775204754734944924795196106516637179071,0109219789761,032
Total current assets1,7331,9522,2192,4122,0921,9211,7751,9052,2382,2982,3412,4162,7352,7822,7963,0792,9903,401
Goodwill9519417597647597226867949859429311,1361,8821,8622,0141,9762,2732,262
Total assets5,0035,0994,9735,1054,6114,3574,1344,3965,1375,1785,4896,0847,9727,9518,2108,4048,8029,212
Accounts payable6907487378048907988158421,0071,0311,0661,0511,2991,3391,2771,3411,2621,525
Deferred revenue (current)————————————2522181616—
Total current liabilities1,8681,8321,6472,0751,5541,5931,4592,0041,9721,9942,2541,9262,5482,8002,7002,8632,6543,005
Short-term debt536381227520772049557926519544065319599622592523501
Long-term debt1,0899569547029519409647131,3161,7511,4752,0292,7742,4952,6152,5513,1993,178
Total debt1,6241,3371,1811,2221,0281,1441,0591,2931,5821,9661,9402,1173,1053,1023,2443,1523,7333,678
Shareholders' equity1,3631,6461,6591,5371,4681,0489669261,0329551,2041,4851,9242,0322,1282,3122,2422,323
Net debt (negative = net cash)1,4861,2101,0039876769379001,0971,3571,7341,6861,8652,9422,9353,0292,8233,5303,451
Shares outstanding105m105m106m100m96m90m90m88m88m85m83m83m83m81m80m80m77m76m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Avery Dennison's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Avery Dennison.