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Avient (Avient) Debt-to-Equity : 0.92 (As of Dec. 2023)


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What is Avient Debt-to-Equity?

Avient's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $26 Mil. Avient's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,114 Mil. Avient's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,319 Mil. Avient's debt to equity for the quarter that ended in Dec. 2023 was 0.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Avient's Debt-to-Equity or its related term are showing as below:

AVNT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92   Med: 1.27   Max: 2.51
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Avient was 2.51. The lowest was 0.92. And the median was 1.27.

AVNT's Debt-to-Equity is ranked worse than
82.96% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs AVNT: 0.92

Avient Debt-to-Equity Historical Data

The historical data trend for Avient's Debt-to-Equity 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 Debt-to-Equity Chart

Avient Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 1.15 1.08 0.96 0.92

Avient Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity 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 0.96 0.93 0.93 0.91 0.92

Competitive Comparison of Avient's Debt-to-Equity

For the Specialty Chemicals subindustry, Avient's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Avient's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Avient's Debt-to-Equity falls into.



Avient Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avient's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Avient's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Avient  (NYSE:AVNT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Avient Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Avient's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Avient (Avient) Business Description

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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