Avient Corp (AVNT)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.49 | 2.56 | 2.55 | 2.53 | 2.57 | 2.54 | 2.59 | 2.60 | 2.61 | 3.67 | 2.79 | 2.78 | 2.82 | 2.83 | 2.85 | 2.88 | 2.89 | 2.95 | 2.80 | 2.43 |
Avient Corp has consistently maintained a Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio of 0.00 over the analyzed periods from March 31, 2020, to December 31, 2024. This indicates that the company has no significant debt in relation to its assets, capital, or equity, suggesting a strong financial position in terms of solvency and debt management.
The Financial Leverage ratio, which reflects the proportion of a company's debt to its equity, has shown fluctuations over the same period. Initially starting at 2.43 on March 31, 2020, the ratio peaked at 3.67 on September 30, 2022, indicating increased financial leverage. However, the ratio decreased and stabilized around 2.50 from June 30, 2024, through December 31, 2024, suggesting that Avient Corp adjusted its financial leverage to a more sustainable level.
Overall, the solvency ratios of Avient Corp indicate a prudent approach to managing debt levels, with a consistent low debt burden relative to its assets, capital, and equity. The fluctuations observed in the Financial Leverage ratio highlight the company's ability to adapt and optimize its debt structure to maintain a healthy financial position.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.31 | 2.73 | 2.38 | 2.25 | 1.85 | 1.11 | 0.86 | 1.45 | 1.94 | 3.73 | 5.08 | 4.49 | 4.67 | 4.61 | 3.96 | 3.37 | 2.90 | 2.26 | 3.03 | 2.99 |
The interest coverage ratio of Avient Corp shows a fluctuating trend over the analyzed periods. The ratio started at 2.99 in March 2020 and gradually increased to reach a peak of 5.08 in June 2022. However, after reaching its peak, the interest coverage ratio started to decline, dropping to 0.86 in June 2023. This significant decrease may indicate potential liquidity or financial health issues for the company during that period.
Subsequently, there was a slight improvement in the interest coverage ratio, reaching 3.31 as of December 2024. While the ratio has shown fluctuations, it is important for stakeholders to closely monitor Avient Corp's ability to cover its interest expenses to assess the company's overall financial stability and debt repayment capacity.