Silgan Holdings Inc (SLGN)
Debt-to-assets 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 | 2,546,450 | 3,312,680 | 3,351,180 | 3,370,350 | 3,345,380 | 3,246,740 | 3,367,470 | 3,445,630 | 3,772,930 | 3,191,580 | 3,176,390 | 3,163,290 | 3,223,220 | 3,163,300 | 3,106,420 | 2,174,570 | 2,214,610 | 1,809,960 | 1,824,530 | 2,113,580 |
| Total assets | US$ in thousands | 7,611,240 | 7,812,310 | 7,913,720 | 7,861,720 | 7,345,760 | 7,519,410 | 7,874,500 | 7,710,410 | 7,770,850 | 7,547,840 | 6,724,320 | 6,441,470 | 6,511,590 | 6,452,580 | 6,373,060 | 5,528,540 | 4,931,060 | 5,074,020 | 5,111,220 | 4,924,570 |
| Debt-to-assets ratio | 0.33 | 0.42 | 0.42 | 0.43 | 0.46 | 0.43 | 0.43 | 0.45 | 0.49 | 0.42 | 0.47 | 0.49 | 0.49 | 0.49 | 0.49 | 0.39 | 0.45 | 0.36 | 0.36 | 0.43 |
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 for Silgan Holdings Inc. fluctuated over the past eight quarters, ranging from 0.45 to 0.54. This ratio indicates the proportion of the company's assets that are financed through debt. A higher ratio suggests a greater reliance on debt financing, while a lower ratio implies a stronger equity position.
In Q4 2023, the debt-to-assets ratio was 0.45, suggesting that 45% of Silgan Holdings' assets were funded by debt. This marks a decrease from the previous quarter when the ratio was 0.54. The reduction in the ratio could indicate a decrease in debt levels relative to total assets or an increase in asset base.
Looking at the trend over the past eight quarters, the ratio has generally been within the range of 0.47 to 0.54, indicating that Silgan Holdings maintains a moderate level of debt relative to its asset base. Consistent monitoring of this ratio is essential to ensure optimal capital structure and financial stability.
Overall, the debt-to-assets ratio for Silgan Holdings Inc. shows variability over time, reflecting the company's changing capital structure and debt management practices. It is important for stakeholders to closely evaluate this ratio in conjunction with other financial metrics to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2023