Packaging Corp of America (PKG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,833,200 | 8,681,100 | 8,003,800 | 7,836,800 | 7,433,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,833,200K
= 0.00
Packaging Corp of America has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity or other non-debt sources. This can be viewed positively as it signifies a lower risk of financial distress due to debt obligations. However, it is important to assess the overall financial health and performance of the company in conjunction with other financial ratios and metrics to gain a comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2024