Silgan Holdings Inc (SLGN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,546,450 | 3,345,380 | 3,772,930 | 3,223,220 | 2,214,610 |
| Total assets | US$ in thousands | 7,611,240 | 7,345,760 | 7,770,850 | 6,511,590 | 4,931,060 |
| Debt-to-assets ratio | 0.33 | 0.46 | 0.49 | 0.49 | 0.45 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,546,450K ÷ $7,611,240K
= 0.33
The debt-to-assets ratio of Silgan Holdings Inc. has been on a generally decreasing trend from 0.50 in 2020 to 0.45 in 2023. This indicates that the company has been utilizing a lower proportion of debt relative to its total assets over the years, which suggests a more conservative approach to financing its operations. A lower debt-to-assets ratio signifies a higher proportion of assets being financed by equity, which could indicate a stronger financial position and lower financial risk for the company. However, it is essential to assess this ratio alongside other financial metrics and factors to gain a more comprehensive understanding of Silgan Holdings Inc.'s overall financial health and risk profile.
Peer comparison
Dec 31, 2023