Avient Corp (AVNT)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,407,600	1,569,700	1,827,000	1,602,100	1,513,300
Total current liabilities	US$ in thousands	773,600	869,400	940,600	801,000	702,500
Current ratio		1.82	1.81	1.94	2.00	2.15

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,407,600K ÷ $773,600K
= 1.82

The current ratio of Avient Corp has shown a general trend of decline over the past five years. The ratio declined from 2.15 in 2019 to 1.82 in 2023. This indicates that the company's current assets may not be as sufficient to cover its current liabilities as effectively as they did in the past. However, it is important to note that a current ratio above 1.0 generally indicates that the company has more current assets than current liabilities, which is a positive sign. Overall, while the current ratio has declined, it still remains above 1.0, suggesting that Avient Corp is likely capable of meeting its short-term obligations.