Sealed Air Corporation (SEE)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital 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 | 0.00 | 0.00 | 0.00 | — | — |
| Debt-to-equity 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 | 0.00 | 0.00 | 0.00 | — | — |
| Financial leverage ratio | 11.24 | 9.49 | 11.18 | 12.03 | 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 | — | — |
Sealed Air Corporation's solvency ratios indicate a strong financial position with consistently low debt levels relative to assets, capital, and equity. The debt-to-assets ratio remained at 0% throughout the entire period analyzed, reflecting that the company operates with minimal reliance on external debt to finance its operations.
Similarly, the debt-to-capital and debt-to-equity ratios remained at 0% from September 30, 2020, onwards, demonstrating that the company's capital structure is not heavily leveraged with debt. This suggests that Sealed Air Corporation has a healthy balance between debt and equity in funding its activities.
The financial leverage ratio, which provides insights into the company's financial risk and leverage, shows a declining trend over the period. Starting from a relatively high level of 237.89% on September 30, 2020, the ratio gradually decreased to 11.24% by December 31, 2024. This decline indicates that Sealed Air Corporation has been effectively managing its debt levels and financial leverage, reducing its exposure to financial risk.
Overall, based on these solvency ratios, Sealed Air Corporation appears to have a solid financial foundation, with low debt levels and prudent capital structure management, positioning the company well for future growth and stability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.70 | 2.95 | 2.92 | 2.91 | 2.93 | 3.50 | 4.05 | 4.77 | 5.77 | 6.13 | 5.81 | 5.46 | 5.06 | 4.77 | 4.78 | 4.70 | 4.49 | 4.14 | 3.80 | 3.20 |
The interest coverage ratio for Sealed Air Corporation has shown a generally increasing trend from March 31, 2020, to June 30, 2022, indicating the company's improving ability to meet its interest obligations with its earnings. The ratio started at 3.20 on March 31, 2020, and reached a peak of 6.13 on September 30, 2022. This signifies that the company's earnings were more than sufficient to cover its interest expenses during this period.
However, starting from December 31, 2022, the interest coverage ratio began to decline, indicating a potential deterioration in the company's ability to cover its interest payments with its operating income. The ratio fell to 2.70 by December 31, 2024, suggesting a reduction in the company's ability to service its debt obligations from its earnings.
The declining trend in the interest coverage ratio over the latter part of the period could raise concerns about Sealed Air Corporation's financial health and ability to meet its debt obligations comfortably. It may indicate potential challenges in generating enough operating income to cover interest expenses, which could lead to increased financial risk for the company.