Sealed Air Corporation (SEE)
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 | 20,100 | 30,100 | 29,300 | 28,500 | 23,600 | 24,700 | 25,700 | 26,400 | 25,700 | 26,000 | 24,100 | 24,700 | 24,900 | 26,400 | 28,700 | 29,300 | 30,900 | 3,694,000 | 85,500 | 84,100 |
| Total assets | US$ in thousands | 7,200,600 | 7,367,700 | 7,524,400 | 7,356,200 | 6,214,700 | 6,075,100 | 6,105,400 | 6,117,000 | 6,229,300 | 6,159,800 | 6,006,600 | 5,918,700 | 6,083,800 | 5,828,200 | 5,756,300 | 5,671,000 | 5,765,200 | 5,676,400 | 5,216,500 | 5,155,000 |
| 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 | 0.01 | 0.01 | 0.65 | 0.02 | 0.02 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $20,100K ÷ $7,200,600K
= 0.00
Sealed Air Corp.'s debt-to-assets ratio has shown consistency in the range of 0.59 to 0.66 over the past eight quarters. The ratio indicates that, on average, the company finances approximately 60% to 66% of its assets through debt, while the remaining 34% to 40% is financed through equity. This level of debt indicates moderate financial risk, as the company relies more on external funding sources rather than internal equity. The stability of the ratio suggests that Sealed Air Corp. has maintained a relatively consistent capital structure over the recent quarters. It would be important to further analyze the trend in the ratio over the upcoming quarters to assess any significant changes in the company's debt management strategy and financial health.
Peer comparison
Dec 31, 2023