What is Avnet's net debt?

Avnet (AVT) reported net debt of $2.97B in Q1 2026.

How has Avnet's net debt changed year-over-year?

Avnet's net debt increased by 12.4% year-over-year, from $2.64B to $2.97B.

What is the long-term trend for Avnet's net debt?

Over 4 years (2021 to 2025), Avnet's net debt has grown at a 19.6% compound annual growth rate (CAGR), from $1.31B to $2.69B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Avnet AVT Net debt

Discontinued — last reported Q3 '26

Net debt at other companies

RepligenRGEN

-8.1×-18.6×

Axalta Coating SystemsAXTA

2.5×-0.2×

Zillow Group, Inc.ZG

-2.1×-4.3×

Federal SignalFSS

1.1×+0.4×

Clearwater AnalyticsCWAN

7.3×+5.0×

Protagonist TherapeuticsPTGX

-5.1×—

Other financials

Income statement

See full

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

See full

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

See full

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

See full

Gross margin10.5%-0.5pp

Operating margin2.3%-0.5pp

Net margin0.9%-0.6pp

FCF margin0.1%-3.2pp

Returns & leverage

See full

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.

$3.2Btotal debt−$202.4Mcash and equivalents=$2.97B

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 net debt?: Avnet (AVT) reported net debt of $2.97B in Q1 2026.
How has Avnet's net debt changed year-over-year?: Avnet's net debt increased by 12.4% year-over-year, from $2.64B to $2.97B.
What is the long-term trend for Avnet's net debt?: Over 4 years (2021 to 2025), Avnet's net debt has grown at a 19.6% compound annual growth rate (CAGR), from $1.31B to $2.69B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.