Packaging Corp of America (PKG)
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 | 2,472,200 | 2,075,700 | 2,474,700 | 2,474,100 | 2,473,600 | 2,473,100 | 2,472,600 | 2,472,000 | 2,471,500 | 2,471,100 | 2,479,800 | 2,480,000 | 2,479,400 | 2,478,700 | 2,478,000 | 2,477,400 | 2,476,800 | 2,486,300 | 2,485,400 | 2,484,600 |
| Total assets | US$ in thousands | 8,681,100 | 8,177,600 | 8,106,500 | 8,049,000 | 8,003,800 | 8,344,400 | 8,340,600 | 8,137,800 | 7,836,800 | 8,630,800 | 7,673,600 | 7,549,000 | 7,433,200 | 7,372,600 | 7,272,000 | 7,347,600 | 7,235,800 | 7,191,100 | 7,074,400 | 6,928,600 |
| Debt-to-assets ratio | 0.28 | 0.25 | 0.31 | 0.31 | 0.31 | 0.30 | 0.30 | 0.30 | 0.32 | 0.29 | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.34 | 0.34 | 0.35 | 0.35 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,472,200K ÷ $8,681,100K
= 0.28
Packaging Corp Of America's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.30 to 0.33. This indicates that the company's level of debt in relation to its total assets has been consistent during this period. A debt-to-assets ratio of 0.30 to 0.33 means that the company relies on debt to finance approximately 30% to 33% of its total assets, with the remaining funded by equity. Overall, the company appears to have a moderate level of debt compared to its assets, indicating a reasonable balance between debt and equity financing. However, it is essential to consider other factors such as cash flow, profitability, and industry benchmarks when evaluating the company's financial health.
Peer comparison
Dec 31, 2023