Amcor PLC (AMCR)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,524,000 | 17,003,000 | 17,426,000 | 17,188,000 | 16,442,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,524,000K
= 0.00
The debt-to-assets ratio of Amcor PLC has been consistently 0.00 for the past five years, indicating that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of zero implies that the company's assets are entirely funded by equity, which can be viewed positively as it signifies a low level of financial risk and a strong financial position. However, it is important to note that a zero debt-to-assets ratio may also suggest a potential missed opportunity to leverage debt for growth or tax advantages. Overall, the consistent 0.00 debt-to-assets ratio for Amcor PLC reflects a conservative financial strategy with minimal reliance on debt for asset financing.
Peer comparison
Jun 30, 2024