Graphic Packaging Holding Company (GPK)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,556,600 | 1,584,600 | 1,561,400 |
| Financial leverage ratio | 4.02 | 4.29 | 4.39 | 4.59 | 4.81 | 5.21 | 5.50 | 5.41 | 5.53 | 4.47 | 4.32 | 5.05 | 5.48 | 5.38 | 5.04 | 4.94 | 4.64 | 4.62 | 4.60 | 4.67 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,175,000K ÷ $2,781,000K
= 4.02
The financial leverage ratio of Graphic Packaging Holding Co has shown a decreasing trend over the past eight quarters, indicating an improvement in the company's leverage position. The ratio has decreased from 5.50 in Q2 2022 to 4.02 in Q4 2023. This decrease suggests that the company has been successful in reducing its reliance on debt to finance its operations. A lower financial leverage ratio typically signifies a lower level of financial risk and a stronger financial position. However, it is important to continue monitoring this trend to ensure the company maintains a sustainable and healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023