Amcor PLC (AMCR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,881,000K
= 0.00
The debt-to-equity ratio of Amcor PLC has been consistently calculated as 0.00 for the past five years, including as of June 30, 2024. This indicates that the company has been entirely financed by equity during this period, without relying on debt to fund its operations or investments. A debt-to-equity ratio of 0.00 signifies a conservative financial structure where the company has no debt obligations in relation to its equity levels. It suggests a low financial risk and may indicate a strong financial position and creditworthiness, as the company is not burdened with debt repayments and associated interest expenses. However, it is important to note that a debt-to-equity ratio of 0.00 can also result from certain accounting practices, such as a high level of retained earnings or other adjustments affecting the calculation. Further analysis of the company's financial statements and capital structure may provide deeper insight into its financial health and leverage position.
Peer comparison
Jun 30, 2024