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.
Peer comparison
Dec 31, 2024
Company name
Symbol
Current ratio
Avient Corp
AVNT
1.88
AdvanSix Inc
ASIX
1.08
Albemarle Corp
ALB
1.95
Dow Inc
DOW
1.61
Dupont De Nemours Inc
DD
1.33
Eastman Chemical Company
EMN
1.51
Hexcel Corporation
HXL
2.21
Rogers Corporation
ROG
4.00