Avient Corp (AVNT)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 1,422,100 1,407,600 1,569,700 1,832,700 1,583,500
Total current liabilities US$ in thousands 756,100 773,600 869,400 946,300 804,600
Current ratio 1.88 1.82 1.81 1.94 1.97

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,422,100K ÷ $756,100K
= 1.88

The current ratio of Avient Corp has remained relatively stable over the past five years. It decreased slightly from 1.97 in December 2020 to 1.94 in December 2021, and continued to decrease to 1.81 by December 2022. However, there was a minor improvement to 1.82 in December 2023, followed by a further increase to 1.88 by December 2024. Overall, the current ratio indicates that Avient Corp has a healthy level of current assets to cover its current liabilities, which suggests a good short-term liquidity position.