Sealed Air Corporation (SEE)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 20,100 | 23,600 | 25,700 | 24,900 | 30,900 |
| Total assets | US$ in thousands | 7,200,600 | 6,214,700 | 6,229,300 | 6,083,800 | 5,765,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $20,100K ÷ $7,200,600K
= 0.00
The debt-to-assets ratio of Sealed Air Corp. has exhibited fluctuations over the past five years, ranging from 0.59 to 0.66. The ratio was 0.65 as of December 31, 2023. A higher ratio indicates a higher proportion of the company's assets funded by debt.
Compared to the previous year, the ratio has increased by 0.06, suggesting that the company may have taken on more debt relative to its total assets. However, it is important to note that a moderate level of debt can be healthy for a company as it can help finance growth opportunities and leverage assets effectively.
To fully evaluate the implications of Sealed Air Corp.'s debt-to-assets ratio, it is essential to consider industry benchmarks, the company's overall financial health, and its ability to service and repay its debt obligations in a timely manner.
Peer comparison
Dec 31, 2023