Avient Corp (AVNT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,319,200	2,276,900	2,334,700	2,349,800	2,334,500	1,720,400	1,809,700	1,813,200	1,774,700	1,768,800	1,768,200	1,707,000	1,697,100	1,597,000	1,551,300	1,538,600	1,051,900	591,400	570,400	568,200
Debt-to-capital ratio		0.47	0.48	0.48	0.48	0.48	0.59	0.41	0.41	0.51	0.51	0.51	0.52	0.52	0.54	0.54	0.44	0.54	0.70	0.71	0.72

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,070,500K ÷ ($2,070,500K + $2,319,200K)
= 0.47

The debt-to-capital ratio of Avient Corp has shown a fluctuating trend over the past eight quarters. It decreased from 0.64 in Q3 2022 to 0.47 in Q4 2023, demonstrating an improvement in the company's leverage position. However, this ratio has remained relatively stable around 0.48 for the majority of the quarters in the data set, indicating that the company has consistently maintained a moderate level of debt relative to its capital structure. Overall, the trend suggests that Avient Corp has been managing its debt levels effectively, with a recent reduction in leverage enhancing its financial stability.