Packaging Corp of America (PKG)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 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
Long-term debt US$ in thousands
Total assets US$ in thousands 8,833,200 8,753,800 8,982,100 8,857,000 8,881,400 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
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 across all reported periods from March 31, 2020, to December 31, 2024. This signifies that the company's total debt level in relation to its total assets has been negligible or effectively zero throughout this timeframe. A debt-to-assets ratio of 0.00 indicates that the company is primarily funded by equity rather than debt, which can be viewed positively as it suggests a lower financial risk and greater financial stability. It demonstrates a strong financial position and an ability to finance its operations primarily through equity and retained earnings rather than relying heavily on debt financing.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Packaging Corp of America
PKG
0.00
Graphic Packaging Holding Company
GPK
0.46
Smurfit WestRock plc
SW
0.00
Sonoco Products Company
SON
0.00