Amcor PLC (AMCR)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,881,000 | 4,026,000 | 4,082,000 | 4,764,000 | 4,626,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,881,000K)
= 0.00
The debt-to-capital ratio of Amcor PLC has consistently been at 0.00 for the past five years, indicating that the company has not used any debt to finance its operations relative to its capital structure. This suggests that Amcor PLC relies heavily on equity financing rather than borrowing, which can be viewed positively as it indicates a lower level of financial risk, especially in terms of debt repayment obligations. However, it is essential to consider that a debt-to-capital ratio of 0.00 may also suggest missed opportunities for leveraging debt to potentially enhance shareholder returns or fund growth initiatives. Overall, a consistent debt-to-capital ratio of 0.00 reflects a conservative approach to capital structure management by Amcor PLC.
Peer comparison
Jun 30, 2024