Amcor PLC (AMCR)
Debt-to-assets ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 16,524,000 | 16,660,000 | 16,727,000 | 16,683,000 | 17,003,000 | 17,278,000 | 17,475,000 | 17,292,000 | 17,426,000 | 17,987,000 | 17,138,000 | 17,044,000 | 17,188,000 | 16,592,000 | 16,718,000 | 16,465,000 | 16,442,000 | 16,421,000 | 16,832,600 | 16,730,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Amcor PLC has consistently been reported as 0.00 across all the periods provided. This indicates that the company has not reported any debt on its balance sheet relative to its total assets during these periods. A debt-to-assets ratio of 0.00 implies that the company is entirely financed by equity and has not taken on any debt to fund its operations or investments. While a low debt-to-assets ratio can be a sign of financial stability and lower financial risk, it is also important to consider the company's overall financial strategy and its ability to utilize debt financing effectively when necessary for growth or other strategic objectives.
Peer comparison
Jun 30, 2024