Graphic Packaging Holding Company (GPK)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,609,000 | 4,821,000 | 5,046,000 | 5,463,000 | 5,200,000 | 5,195,000 | 5,506,000 | 5,645,000 | 5,515,000 | 4,132,000 | 3,742,000 | 3,787,000 | 3,147,000 | 3,196,900 | 3,028,800 | 3,434,500 | 2,809,900 | 2,935,000 | 2,997,500 | 3,129,800 |
| Total assets | US$ in thousands | 11,175,000 | 10,905,000 | 10,739,000 | 10,599,000 | 10,328,000 | 10,182,000 | 10,397,000 | 10,543,000 | 10,457,000 | 8,288,000 | 7,842,000 | 7,747,000 | 7,805,000 | 7,682,000 | 7,666,400 | 7,446,200 | 7,290,000 | 7,194,100 | 7,285,100 | 7,291,200 |
| Debt-to-assets ratio | 0.41 | 0.44 | 0.47 | 0.52 | 0.50 | 0.51 | 0.53 | 0.54 | 0.53 | 0.50 | 0.48 | 0.49 | 0.40 | 0.42 | 0.40 | 0.46 | 0.39 | 0.41 | 0.41 | 0.43 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,609,000K ÷ $11,175,000K
= 0.41
The debt-to-assets ratio of Graphic Packaging Holding Co has shown a decreasing trend over the past four quarters, declining from 0.56 in Q1 2022 to 0.48 in Q4 2023. This trend indicates that the company has been effectively managing its debt in relation to its assets, potentially reducing its financial risk. However, it is important to note that the ratio has fluctuated slightly over the periods, ranging between 0.48 and 0.56, suggesting some variability in the company's debt management strategy. Overall, the decreasing trend in the debt-to-assets ratio signals a positive development in the company's financial leverage and balance sheet strength.
Peer comparison
Dec 31, 2023