Sealed Air Corporation (SEE)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 13.10 | 18.04 | 18.25 | 21.23 | 18.06 | 27.84 | 30.57 | 32.13 | 25.05 | 48.24 | 64.04 | 58.37 | 35.27 | 237.89 | — | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,200,600K ÷ $549,500K
= 13.10
The financial leverage ratio of Sealed Air Corp. has fluctuated over the past eight quarters, ranging from 13.10 to 32.13. Generally, a higher financial leverage ratio indicates higher financial risk as the company relies more on debt to finance its operations.
In Q1 2022, the financial leverage ratio was at its peak at 32.13, indicating a high level of debt relative to equity. Subsequently, there was a slight decrease in the ratio in Q2 and Q3 2022, but it remained relatively high compared to previous periods.
In the following quarters, Q4 2022 to Q1 2023, there was a noticeable decrease in the financial leverage ratio, suggesting that the company may have paid down some debt or increased equity in its capital structure. However, the ratio increased in Q2 2023 but remained below the levels seen in Q1 2022.
Overall, Sealed Air Corp.'s financial leverage ratio has shown some volatility over the quarters, with fluctuations that may indicate shifts in the company's capital structure and debt management strategies. Monitoring this ratio over time can provide insights into the company's financial health and risk profile.
Peer comparison
Dec 31, 2023