Sealed Air Corporation (SEE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 549,500 | 408,400 | 412,400 | 346,500 | 344,100 | 218,200 | 199,700 | 190,400 | 248,700 | 127,700 | 93,800 | 101,400 | 172,500 | 24,500 | -70,100 | -181,900 | -196,200 | -304,100 | -341,200 | -292,400 |
| Debt-to-capital ratio | 0.04 | 0.07 | 0.07 | 0.08 | 0.06 | 0.10 | 0.11 | 0.12 | 0.09 | 0.17 | 0.20 | 0.20 | 0.13 | 0.52 | — | — | — | 1.09 | — | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $20,100K ÷ ($20,100K + $549,500K)
= 0.04
The debt-to-capital ratio of Sealed Air Corp. has exhibited a relatively stable trend over the past eight quarters, fluctuating between 0.90 and 0.95. This metric indicates the proportion of the company's capital structure that is financed by debt. The downward trend from Q1 2023 to Q3 2023 suggests a decrease in reliance on debt financing, while the subsequent uptick in Q4 2023 indicates a slight increase in debt as a funding source. Overall, the company's debt levels have remained consistently high, hovering around 90% to 95% of its capital structure, implying a significant portion of its capital is funded through debt obligations. Further evaluation and comparison with industry peers may provide additional insights into Sealed Air Corp.'s leverage position.
Peer comparison
Dec 31, 2023