Avient Balance Sheet Health
Financial Health criteria checks 3/6
Avient has a total shareholder equity of $2.4B and total debt of $2.1B, which brings its debt-to-equity ratio to 86.9%. Its total assets and total liabilities are $6.0B and $3.7B respectively. Avient's EBIT is $372.6M making its interest coverage ratio 7.5. It has cash and short-term investments of $505.7M.
Key information
86.9%
Debt to equity ratio
US$2.07b
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$505.70m |
| Equity | US$2.38b |
| Total liabilities | US$3.67b |
| Total assets | US$6.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PY9's short term assets ($1.5B) exceed its short term liabilities ($894.5M).
Long Term Liabilities: PY9's short term assets ($1.5B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: PY9's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: PY9's debt to equity ratio has reduced from 241.7% to 86.9% over the past 5 years.
Debt Coverage: PY9's debt is not well covered by operating cash flow (14%).
Interest Coverage: PY9's interest payments on its debt are well covered by EBIT (7.5x coverage).