Avient Corp (AVNT)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,070,500	2,070,800	2,179,200	2,177,700	2,176,700	2,502,900	1,249,100	1,250,200	1,850,300	1,851,000	1,852,200	1,852,700	1,854,000	1,855,200	1,849,700	1,209,700	1,210,900	1,406,300	1,392,500	1,440,700
Total assets	US$ in thousands	5,968,500	5,789,700	6,051,800	6,111,200	6,085,000	6,307,100	5,043,600	5,047,000	4,997,200	5,011,000	5,047,400	4,909,400	4,870,500	4,709,900	4,337,000	3,742,700	3,273,300	2,946,200	2,930,600	2,961,800
Debt-to-assets ratio		0.35	0.36	0.36	0.36	0.36	0.40	0.25	0.25	0.37	0.37	0.37	0.38	0.38	0.39	0.43	0.32	0.37	0.48	0.48	0.49

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,070,500K ÷ $5,968,500K
= 0.35

The debt-to-assets ratio of Avient Corp has been relatively stable over the past eight quarters, ranging between 0.35 and 0.49. The ratio provides insight into the company's level of leverage and financial risk. A lower ratio indicates that a smaller portion of the company's assets is financed through debt, which can be seen as a positive sign of financial stability and lower risk.

In the case of Avient Corp, the decreasing trend in the debt-to-assets ratio from 0.49 in Q3 2022 to 0.35 in Q4 2023 suggests that the company may have reduced its reliance on debt financing or increased its asset base during this period. This could indicate improved financial health and a stronger balance sheet.

Overall, the consistent and relatively low debt-to-assets ratio of Avient Corp over the past eight quarters reflects a prudent approach to managing its debt levels and suggests a healthy financial position.