Packaging Corp of America (PKG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,997,300 | 3,887,200 | 3,848,600 | 3,757,700 | 3,667,100 | 3,971,200 | 3,964,500 | 3,779,300 | 3,607,200 | 3,608,300 | 3,444,300 | 3,331,200 | 3,246,300 | 3,205,400 | 3,133,100 | 3,149,900 | 3,071,000 | 3,034,700 | 2,921,200 | 2,794,600 |
| Debt-to-equity ratio | 0.62 | 0.53 | 0.64 | 0.66 | 0.67 | 0.62 | 0.62 | 0.65 | 0.69 | 0.68 | 0.72 | 0.74 | 0.76 | 0.77 | 0.79 | 0.79 | 0.81 | 0.82 | 0.85 | 0.89 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,472,200K ÷ $3,997,300K
= 0.62
Packaging Corp Of America's debt-to-equity ratio has shown fluctuations over the past eight quarters, ranging from 0.63 to 0.72. The ratio peaked at 0.72 in Q4 2023 and hit its lowest point at 0.63 in Q3 2022. Generally, the trend indicates that the company has maintained a moderate level of debt relative to its equity position. It is worth noting that having a lower debt-to-equity ratio typically signals lower financial risk and higher solvency. However, fluctuations in this ratio could indicate varying levels of leverage and financial strategy employed by Packaging Corp Of America. Further analysis could be conducted to assess the company's overall financial health in conjunction with other performance metrics.
Peer comparison
Dec 31, 2023