Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | N/A | $6,084 | $7,951 | $8,210 | $8,404 |
| Liabilities | N/A | $4,599 | $5,918 | $6,082 | $6,092 |
| Equity | N/A | $1,485 | $2,032 | $2,128 | $2,312 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, AVERY DENNISON CORPORATION has shown a consistent growth trajectory in terms of its financial position. Total assets have steadily increased year over year, rising from 6,083.9 million USD in 2021 to 8,404.2 million USD in 2024. This indicates that the company has been successful in expanding its asset base, potentially through investments in new technologies, acquisitions, or other growth initiatives. Similarly, total liabilities have also increased in line with the growth in assets, reflecting the company's borrowing to fund its expansion. Liabilities grew from 4,599 million USD in 2021 to 6,091.9 million USD in 2024. However, the company has managed to maintain a healthy stockholders' equity position, which has also seen a steady increase from 1,484.9 million USD in 2021 to 2,312.3 million USD in 2024. This suggests that AVERY DENNISON CORPORATION has been able to generate sufficient returns from its investments to support its equity growth. The notable fluctuations in the company's financial position indicate a strategic shift towards growth and expansion. The increasing trend in total assets and equity demonstrates a positive outlook for the company's future prospects. The rise in liabilities could be a result of strategic borrowing to finance growth opportunities, which is common in industries where companies are looking to innovate and stay competitive. Overall, AVERY DENNISON CORPORATION appears to be in a strong financial position with a solid foundation for continued growth and success in the industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.