Avient Corp (AVNT)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,407,600	1,364,300	1,510,700	1,564,300	1,569,700	1,988,300	2,020,100	1,930,200	1,827,000	1,848,900	1,858,100	1,716,400	1,602,100	1,497,800	2,583,400	1,990,600	1,513,300	1,173,800	1,019,800	1,034,700
Total current liabilities	US$ in thousands	773,600	727,100	776,500	837,200	869,400	1,555,600	1,570,600	1,559,600	940,600	961,800	934,300	863,600	801,000	768,900	624,300	687,800	702,500	625,500	607,300	570,300
Current ratio		1.82	1.88	1.95	1.87	1.81	1.28	1.29	1.24	1.94	1.92	1.99	1.99	2.00	1.95	4.14	2.89	2.15	1.88	1.68	1.81

December 31, 2023 calculation

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

Avient Corp's current ratio has exhibited fluctuations over the past eight quarters. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets. In Q4 2023, the current ratio stood at 1.82, down from the previous quarter but still higher than Q4 2022. Despite the decrease, the current ratio remains above 1, implying that Avient Corp has more than enough current assets to meet its short-term obligations.

Although the current ratio has experienced some variability, the overall trend shows an improvement compared to the earlier quarters of 2022. It is essential for investors and analysts to continue monitoring Avient Corp's current ratio to assess its liquidity position and financial health accurately.