Sealed Air Corporation (SEE)
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 | 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-equity ratio | 0.04 | 0.07 | 0.07 | 0.08 | 0.07 | 0.11 | 0.13 | 0.14 | 0.10 | 0.20 | 0.26 | 0.24 | 0.14 | 1.08 | — | — | — | — | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $20,100K ÷ $549,500K
= 0.04
The debt-to-equity ratio for Sealed Air Corp. has shown fluctuating trends over the past eight quarters. In Q4 2022, the ratio was at 10.69, indicating a moderate level of debt relative to equity. However, it increased significantly in subsequent quarters, reaching 19.43 in Q1 2022, reflecting a higher reliance on debt to finance its operations.
Despite slight improvements in Q2 and Q3 2022, the ratio remained relatively high, suggesting that Sealed Air Corp. continued to carry a substantial amount of debt compared to its equity. The trend reversed in Q4 2023, with the ratio dropping to 8.54, signaling a reduction in debt relative to equity.
It is important to monitor this ratio closely in future periods to assess the company's ability to manage its debt levels effectively and maintain a healthy capital structure.
Peer comparison
Dec 31, 2023