Avient Balance Sheet Health
Financial Health criteria checks 2/6
Avient has a total shareholder equity of $2.3B and total debt of $2.1B, which brings its debt-to-equity ratio to 89%. Its total assets and total liabilities are $5.9B and $3.6B respectively. Avient's EBIT is $365.4M making its interest coverage ratio 6.8. It has cash and short-term investments of $489.4M.
Key information
89.0%
Debt to equity ratio
US$2.08b
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$489.40m |
| Equity | US$2.33b |
| Total liabilities | US$3.57b |
| Total assets | US$5.91b |
Recent financial health updates
Avient (NYSE:AVNT) Seems To Use Debt Quite Sensibly
Sep 26
Avient (NYSE:AVNT) Takes On Some Risk With Its Use Of Debt
May 03Is Avient (NYSE:AVNT) A Risky Investment?
Dec 26Here's Why Avient (NYSE:AVNT) Has A Meaningful Debt Burden
Jul 11Is Avient (NYSE:AVNT) Using Too Much Debt?
Mar 26These 4 Measures Indicate That Avient (NYSE:AVNT) Is Using Debt Extensively
Dec 19Recent updates
Avient (NYSE:AVNT) Seems To Use Debt Quite Sensibly
Sep 26A Look At The Intrinsic Value Of Avient Corporation (NYSE:AVNT)
Aug 03Why Avient Corporation (NYSE:AVNT) Could Be Worth Watching
Jul 02With Avient Corporation (NYSE:AVNT) It Looks Like You'll Get What You Pay For
Jun 14Avient (NYSE:AVNT) Takes On Some Risk With Its Use Of Debt
May 03Is Avient Corporation (NYSE:AVNT) Worth US$41.3 Based On Its Intrinsic Value?
Apr 15Avient: Growth Opportunities And New CEO
Feb 28What Does Avient Corporation's (NYSE:AVNT) Share Price Indicate?
Feb 20Risks To Shareholder Returns Are Elevated At These Prices For Avient Corporation (NYSE:AVNT)
Feb 05Is Avient (NYSE:AVNT) A Risky Investment?
Dec 26Avient Corporation's (NYSE:AVNT) Intrinsic Value Is Potentially 80% Above Its Share Price
Dec 11Avient (NYSE:AVNT) Is Paying Out A Larger Dividend Than Last Year
Nov 04Avient Corporation: Long-Term Prospects Remain Encouraging Despite Risks
Oct 24Avient (NYSE:AVNT) Is Increasing Its Dividend To $0.2575
Oct 17When Should You Buy Avient Corporation (NYSE:AVNT)?
Oct 03Avient: Weaker Demand Creates Uncertainties
Aug 12A Look At The Intrinsic Value Of Avient Corporation (NYSE:AVNT)
Aug 03Here's Why Avient (NYSE:AVNT) Has A Meaningful Debt Burden
Jul 11Is It Time To Consider Buying Avient Corporation (NYSE:AVNT)?
Jun 23Is Avient Corporation (NYSE:AVNT) Trading At A 43% Discount?
Apr 14Is Avient (NYSE:AVNT) Using Too Much Debt?
Mar 26When Should You Buy Avient Corporation (NYSE:AVNT)?
Mar 02Avient declares $0.2475 dividend
Feb 13Avient Corporation (NYSE:AVNT) Shares Could Be 42% Below Their Intrinsic Value Estimate
Jan 06Avient: A Transformed Business With High Resiliency
Jan 03These 4 Measures Indicate That Avient (NYSE:AVNT) Is Using Debt Extensively
Dec 19Avient's (NYSE:AVNT) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 29When Should You Buy Avient Corporation (NYSE:AVNT)?
Nov 25Avient (NYSE:AVNT) Is Increasing Its Dividend To $0.2475
Nov 02Avient Non-GAAP EPS of $0.59 misses by $0.01, revenue of $823.3M misses by $27.52M
Nov 02Avient's (NYSE:AVNT) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 18Avient raises dividend by 4% to $0.2475
Oct 13Financial Position Analysis
Short Term Liabilities: AVNT's short term assets ($1.5B) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: AVNT's short term assets ($1.5B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: AVNT's net debt to equity ratio (68.1%) is considered high.
Reducing Debt: AVNT's debt to equity ratio has reduced from 248.1% to 89% over the past 5 years.
Debt Coverage: AVNT's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: AVNT's interest payments on its debt are well covered by EBIT (6.8x coverage).