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Avient (Avient) Effective Interest Rate on Debt %

: 5.08% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Avient's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $107 Mil. Avient's average total debt for the quarter that ended in Dec. 2023 was $2,110 Mil. Therefore, Avient's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.08%.


Avient Effective Interest Rate on Debt % Historical Data

The historical data trend for Avient's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Avient Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.49 4.60 3.89 5.77 5.27

Avient Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.31 5.22 5.39 5.69 5.08

Competitive Comparison

For the Specialty Chemicals subindustry, Avient's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avient Effective Interest Rate on Debt % Distribution

For the Chemicals industry and Basic Materials sector, Avient's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Avient's Effective Interest Rate on Debt % falls into.



Avient Effective Interest Rate on Debt % Calculation

Avient's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -115.3/( (2236.8+2139.8)/ 2 )
=-1  *  -115.3/2188.3
=5.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2217.6 + 19.2
=2236.8

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2113.7 + 26.1
=2139.8

Avient's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -107.2/( (2080.3+2139.8)/ 2 )
=-1  *  -107.2/2110.05
=5.08 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2070.8 + 9.5
=2080.3

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2113.7 + 26.1
=2139.8

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Avient  (NYSE:AVNT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Avient Effective Interest Rate on Debt % Related Terms

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Avient (Avient) Business Description

Industry
Traded in Other Exchanges
Address
33587 Walker Road, Avon Lake, OH, USA, 44012
Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States.
Executives
Robert M Patterson director, officer: Chairman, President & CEO 33587 WALKER ROAD, AVON LAKE OH 44012
Joel R. Rathbun officer: SVP, Mergers & Acquisitions 33587 WALKER ROAD, AVON LAKE OH 44012
Kristen Gajewski officer: SVP & CHRO 33587 WALKER ROAD, AVON LAKE OH 44012
Lisa K. Kunkle officer: SVP Gnrl Counsel & Secretary 33587 WALKER ROAD, AVON LAKE OH 44012
Neil Green director 33587 WALKER ROAD, AVON LAKE OH 44012
Ernest Nicolas director 1201 S. 2ND STREET, MILWAUKEE WI 53204
Michael A Garratt officer: SVP, Chief Commercial Officer 33587 WALKER ROAD, AVON LAKE OH 44012
Robert Vinod Purayath officer: SVP & Chief Technology Officer 33587 WALKER ROAD, AVON LAKE OH 44012
Jamie A. Beggs officer: SVP & Chief Financial Officer 33587 WALKER ROAD, AVON LAKE OH 44012
Cathy Dodd officer: SVP, Chief Commercial Officer 33587 WALKER ROAD, AVON LAKE OH 44012
J Scott Horn officer: SVP, President Distribution 33587 WALKER ROAD, AVON LAKE OH 44012
Richard H Fearon director 1239 GERBING ROAD, AMELIA ISLAND FL 32034
Midea M. John Jr. officer: SVP, Glbl Ops & Process Imprv 33587 WALKER ROAD, AVON LAKE OH 44012
Woon Keat Moh officer: SVP, President of CAI 33587 WALKER ROAD, AVON LAKE OH 44012
Patricia Verduin director ONE CONAGRA DRIVE, OMAHA NE 68102

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