Avient Non Current Assets Total vs Cash Analysis

AVNT Stock  USD 49.16  0.16  0.32%   
Avient Corp financial indicator trend analysis is way more than just evaluating Avient Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avient Corp is a good investment. Please check the relationship between Avient Corp Non Current Assets Total and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avient Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Avient Stock please use our How to Invest in Avient Corp guide.

Non Current Assets Total vs Cash

Non Current Assets Total vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avient Corp Non Current Assets Total account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Avient Corp's Non Current Assets Total and Cash is 0.52. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of Avient Corp, assuming nothing else is changed. The correlation between historical values of Avient Corp's Non Current Assets Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Avient Corp are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Avient Corp's Non Current Assets Total and Cash go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Avient Corp, which is listed under current asset account on Avient Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avient Corp customers. The amounts must be unrestricted with restricted cash listed in a different Avient Corp account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Avient Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avient Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avient Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Avient Stock please use our How to Invest in Avient Corp guide.At this time, Avient Corp's Discontinued Operations is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 14.25 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense75.3M119.8M115.3M65.7M
Depreciation And Amortization164.3M181.1M188.8M99.4M

Avient Corp fundamental ratios Correlations

0.80.760.780.990.840.720.960.660.610.99-0.10.610.59-0.480.510.990.630.40.330.840.850.71-0.21-0.480.93
0.80.610.890.730.880.920.750.850.720.75-0.070.720.74-0.480.410.820.780.470.210.990.470.86-0.27-0.480.64
0.760.610.750.770.590.550.690.430.460.730.010.460.35-0.140.30.690.570.740.410.650.540.610.02-0.140.74
0.780.890.750.750.780.720.740.70.820.71-0.050.820.64-0.320.340.740.780.680.280.910.40.93-0.1-0.320.63
0.990.730.770.750.830.640.950.560.60.98-0.160.60.49-0.390.480.950.540.380.380.790.870.66-0.13-0.390.95
0.840.880.590.780.830.840.780.740.580.84-0.30.580.6-0.380.460.820.650.320.430.910.670.68-0.17-0.380.78
0.720.920.550.720.640.840.650.860.410.71-0.070.410.7-0.430.380.770.790.420.20.90.490.64-0.26-0.430.61
0.960.750.690.740.950.780.650.490.620.96-0.170.620.39-0.310.280.930.50.290.080.780.840.63-0.04-0.310.94
0.660.850.430.70.560.740.860.490.470.60.10.470.96-0.720.70.720.860.450.440.840.360.76-0.56-0.720.42
0.610.720.460.820.60.580.410.620.470.52-0.031.00.51-0.380.280.570.460.370.140.740.260.89-0.19-0.380.44
0.990.750.730.710.980.840.710.960.60.52-0.160.520.51-0.410.460.970.550.320.310.790.90.61-0.14-0.410.97
-0.1-0.070.01-0.05-0.16-0.3-0.07-0.170.1-0.03-0.16-0.030.21-0.270.14-0.050.150.27-0.04-0.1-0.010.1-0.21-0.27-0.27
0.610.720.460.820.60.580.410.620.471.00.52-0.030.51-0.380.280.570.460.370.140.740.260.89-0.19-0.380.44
0.590.740.350.640.490.60.70.390.960.510.510.210.51-0.80.770.650.810.430.460.740.270.78-0.64-0.80.3
-0.48-0.48-0.14-0.32-0.39-0.38-0.43-0.31-0.72-0.38-0.41-0.27-0.38-0.8-0.89-0.56-0.59-0.25-0.4-0.5-0.34-0.580.921.0-0.19
0.510.410.30.340.480.460.380.280.70.280.460.140.280.77-0.890.550.580.340.740.460.40.53-0.82-0.890.27
0.990.820.690.740.950.820.770.930.720.570.97-0.050.570.65-0.560.550.660.360.280.850.840.7-0.3-0.560.89
0.630.780.570.780.540.650.790.50.860.460.550.150.460.81-0.590.580.660.770.350.780.310.8-0.48-0.590.38
0.40.470.740.680.380.320.420.290.450.370.320.270.370.43-0.250.340.360.770.370.490.10.65-0.22-0.250.23
0.330.210.410.280.380.430.20.080.440.140.31-0.040.140.46-0.40.740.280.350.370.310.260.34-0.39-0.40.24
0.840.990.650.910.790.910.90.780.840.740.79-0.10.740.74-0.50.460.850.780.490.310.530.87-0.28-0.490.69
0.850.470.540.40.870.670.490.840.360.260.9-0.010.260.27-0.340.40.840.310.10.260.530.31-0.09-0.340.89
0.710.860.610.930.660.680.640.630.760.890.610.10.890.78-0.580.530.70.80.650.340.870.31-0.4-0.580.46
-0.21-0.270.02-0.1-0.13-0.17-0.26-0.04-0.56-0.19-0.14-0.21-0.19-0.640.92-0.82-0.3-0.48-0.22-0.39-0.28-0.09-0.40.920.06
-0.48-0.48-0.14-0.32-0.39-0.38-0.43-0.31-0.72-0.38-0.41-0.27-0.38-0.81.0-0.89-0.56-0.59-0.25-0.4-0.49-0.34-0.580.92-0.19
0.930.640.740.630.950.780.610.940.420.440.97-0.270.440.3-0.190.270.890.380.230.240.690.890.460.06-0.19
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Avient Corp Account Relationship Matchups

Avient Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3B4.9B5.0B6.1B6.0B6.3B
Short Long Term Debt Total1.3B2.0B1.9B2.2B2.1B1.1B
Other Current Liab11.2M257.3M480.7M256.7M250.1M262.6M
Total Current Liabilities695.1M804.6M946.3M869.4M773.6M590.5M
Total Stockholder Equity1.1B1.7B1.8B2.3B2.3B2.4B
Property Plant And Equipment Net471.2M775.8M750.2M1.1B1.1B627.2M
Net Debt428.4M1.3B1.3B1.6B1.6B799.7M
Retained Earnings1.0B1.1B1.2B1.8B1.8B1.9B
Accounts Payable283.3M471.7M429.5M454.4M432.3M339.1M
Cash864.7M649.5M601.2M641.1M545.8M276.7M
Non Current Assets Total1.8B3.3B3.2B4.5B4.6B4.8B
Non Currrent Assets Other133.3M195.4M208.4M(206.3M)156.6M140.5M
Cash And Short Term Investments864.7M649.5M601.2M641.1M545.8M276.7M
Net Receivables326.8M516.6M439.9M440.6M399.9M363.2M
Common Stock Shares Outstanding77.7M90.6M92.1M92.2M91.8M96.4M
Liabilities And Stockholders Equity3.3B4.9B5.0B6.1B6.0B6.3B
Non Current Liabilities Total1.5B2.4B2.3B2.9B2.9B3.0B
Inventory260.9M327.5M461.1M372.7M347M301.2M
Other Current Assets54M108.5M480.1M115.3M114.9M83.4M
Other Stockholder Equity132.1M612.1M611.1M585.5M597.2M467.5M
Total Liab2.2B3.2B3.2B3.7B3.6B2.0B
Property Plant And Equipment Gross471.2M775.8M750.2M1.1B2.0B2.1B
Total Current Assets1.5B1.6B1.8B1.6B1.4B1.0B
Short Term Debt39.4M68.8M29.7M36.2M42.7M37.2M
Accumulated Other Comprehensive Income(82.6M)26.4M(45.6M)(75.8M)(87.4M)(91.8M)
Intangible Assets469.3M1.0B925.2M1.6B1.6B1.7B
Good Will685.7M1.3B1.3B1.7B1.7B1.8B
Current Deferred Revenue361.2M259M319.6M342.5M72M68.4M
Net Tangible Assets(103.1M)(619.5M)(436.9M)(935M)(841.5M)(799.4M)
Long Term Debt1.2B1.9B1.9B2.2B2.1B1.5B
Retained Earnings Total Equity1.0B1.1B1.2B1.8B2.1B2.2B
Long Term Debt Total1.2B1.9B1.9B2.2B2.5B1.4B
Capital Surpluse1.2B1.5B1.5B1.5B1.7B1.3B
Treasury Stock(1.0B)(1.0B)(901.2M)(900.7M)(810.6M)(851.2M)
Non Current Liabilities Other11.9M363.8M165.1M235.5M22.1M21.0M
Property Plant Equipment471.2M694.9M750.2M1.0B1.2B629.3M
Deferred Long Term Liab63.5M140M100.6M342.5M393.9M413.6M

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