Graphic Packaging Holding Company (GPK)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,145,000 | 5,372,000 | 4,930,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,012,000 | 3,009,000 | 2,857,000 | 2,781,000 | 2,539,000 | 2,449,000 | 2,308,000 | 2,149,000 | 1,956,000 | 1,890,000 | 1,949,000 | 1,891,000 | 1,854,000 | 1,814,000 | 1,533,000 | 1,424,000 | 1,427,600 | 1,520,900 | 1,506,800 | 1,570,200 |
| Debt-to-equity ratio | 1.71 | 1.79 | 1.73 | 1.66 | 1.90 | 2.06 | 2.37 | 2.42 | 2.66 | 2.91 | 2.90 | 2.92 | 2.23 | 2.06 | 2.47 | 2.21 | 2.24 | 1.99 | 2.28 | 1.79 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,145,000K ÷ $3,012,000K
= 1.71
The debt-to-equity ratio of Graphic Packaging Holding Company has shown fluctuations over the past few years. Starting from 1.79 as of December 31, 2019, the ratio increased to 2.90 as of March 31, 2022, indicating an increase in the company's debt levels relative to its equity during this period. Subsequently, the ratio decreased to 1.66 as of December 31, 2023, signifying a reduction in the company's debt burden compared to its equity.
However, the ratio saw a slight increase to 1.73 as of March 31, 2024, before returning to 1.71 as of December 31, 2024. This trend suggests that Graphic Packaging Holding Company has been managing its debt levels relative to equity, attempting to strike a balance between leveraging opportunities for growth and maintaining financial stability.
Overall, the company's debt-to-equity ratio has fluctuated but generally remained within a reasonable range over the analyzed period, demonstrating a strategic approach to capital structure management.
Peer comparison
Dec 31, 2024