Avient Corp (AVNT)
Debt-to-equity ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | — | — | — | — | — |
Total stockholders’ equity | US$ in thousands | 2,329,600 | 2,319,200 | 2,334,500 | 1,774,700 | 1,683,600 |
Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,329,600K
= 0.00
Based on the data provided, Avient Corp has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 typically indicates that the company has no debt or a negligible amount of debt as compared to its equity. This can signify financial stability and a lower risk level, as the company is not heavily reliant on debt financing. Avient Corp's consistent 0.00 debt-to-equity ratio over the years suggests a conservative capital structure and a strong financial position in terms of capital funding.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Avient Corp
AVNT
0.00
AdvanSix Inc
ASIX
0.00
Albemarle Corp
ALB
0.31
Dow Inc
DOW
0.00
Dupont De Nemours Inc
DD
0.00
Eastman Chemical Company
EMN
0.00
Hexcel Corporation
HXL
0.46
Rogers Corporation
ROG
0.00