Silgan Holdings Inc (SLGN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,889,360 | 1,781,890 | 1,871,140 | 1,781,290 | 1,718,260 | 1,693,230 | 1,625,460 | 1,638,240 | 1,562,700 | 1,456,710 | 1,388,580 | 1,276,360 | 1,252,870 | 1,218,860 | 1,089,690 | 1,020,580 | 1,023,320 | 968,530 | 929,902 | 900,207 |
| Debt-to-capital ratio | 0.57 | 0.65 | 0.64 | 0.65 | 0.66 | 0.66 | 0.67 | 0.68 | 0.71 | 0.69 | 0.70 | 0.71 | 0.72 | 0.72 | 0.74 | 0.68 | 0.68 | 0.65 | 0.66 | 0.70 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,546,450K ÷ ($2,546,450K + $1,889,360K)
= 0.57
The debt-to-capital ratio is a key financial metric used to evaluate a company's financial leverage and its ability to meet its long-term obligations. The ratio is calculated by dividing a company's total debt by its total capital (debt + equity).
Analyzing Silgan Holdings Inc.'s debt-to-capital ratio over the past eight quarters reveals a fluctuating trend. The ratio ranged from 0.64 to 0.72 during this period. A higher ratio indicates a larger proportion of debt in the company's capital structure, signaling higher financial risk as the company relies more on borrowed funds.
Silgan Holdings Inc. experienced fluctuations in its debt-to-capital ratio, which could be due to various factors such as changes in borrowing levels, debt repayments, or fluctuations in equity value. It is important to note that a consistent increase or decrease in the debt-to-capital ratio may indicate a shift in the company's financial structure or strategy.
Investors and stakeholders should monitor Silgan Holdings Inc.'s debt-to-capital ratio closely to assess the company's financial health and risk profile. A high or increasing ratio could signal potential financial distress, while a low or decreasing ratio may indicate a stronger financial position with lower leverage.
Peer comparison
Dec 31, 2023