Packaging Corp of America (PKG)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,404,000 | 3,997,300 | 3,667,100 | 3,607,200 | 3,246,300 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,404,000K
= 0.00
Packaging Corp of America has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has either zero debt or its debt levels are extremely low compared to its equity. A debt-to-equity ratio of 0.00 is typically viewed as a positive sign by investors and creditors, as it suggests a lower financial risk and a strong financial position. However, it is important to note that a very low debt-to-equity ratio can also imply that the company might not be utilizing debt efficiently to leverage its operations or growth opportunities. Overall, Packaging Corp of America's consistent 0.00 debt-to-equity ratio highlights financial stability and a conservative approach to financing its operations.
Peer comparison
Dec 31, 2024