What is Avnet's interest coverage?

Avnet (AVT) reported interest coverage of 2.3× in Q1 2026.

How has Avnet's interest coverage changed year-over-year?

Avnet's interest coverage decreased by 2.6% year-over-year, from 2.4× to 2.3×.

What is the long-term trend for Avnet's interest coverage?

Over 4 years (2021 to 2025), Avnet's interest coverage has grown at a -9.7% compound annual growth rate (CAGR), from 3.1× to 2.1×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Avnet AVT Interest coverage

Interest coverage at other companies

Sanmina CorpSANM

6×-9.6×

Amkor TechnologyAMKR

7×+0.9×

PlexusPLXS

19.9×+10.3×

AptivAPTV

3.1×-2.0×

Advanced Energy IndustriesAEIS

12.4×+9.4×

Keysight TechnologiesKEYS

10.1×-0.2×

Other financials

Income statement

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Revenue$7.1B+33.9%

Gross profit$739.1M+25.7%

Operating income$205.5M+43.5%

Net income$94.3M+7.3%

EPS (diluted)$1.14+12.9%

Balance sheet

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Cash & equivalents$202.4M+7.2%

Total debt$3.2B+12.0%

Total equity$5.0B+1.4%

Total assets$13.5B+15.2%

Cash flow

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Operating cash flow$208.2M-38.4%

CapEx$16.9M-36.9%

Free cash flow-$70.7M-162%

Valuation

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Market cap$7.5B+21.3%

Enterprise value$10.47B+17.8%

P/E35.1×+15.5×

P/S0.3×0.0×

Profitability

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Gross margin10.5%-0.5pp

Operating margin2.3%-0.5pp

Net margin0.9%-0.6pp

FCF margin0.1%-3.2pp

Returns & leverage

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Return on equity4.3%-2.1pp

Debt / equity0.6×+0.1×

Current ratio2×-0.4×

Where this comes from

Calculated from Avnet’s reported figures.

ebit/interest expense=2.3×

Based on trailing twelve months.

The official record: Avnet’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avnet's interest coverage?: Avnet (AVT) reported interest coverage of 2.3× in Q1 2026.
How has Avnet's interest coverage changed year-over-year?: Avnet's interest coverage decreased by 2.6% year-over-year, from 2.4× to 2.3×.
What is the long-term trend for Avnet's interest coverage?: Over 4 years (2021 to 2025), Avnet's interest coverage has grown at a -9.7% compound annual growth rate (CAGR), from 3.1× to 2.1×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.