Silgan Holdings Inc (SLGN)
Debt-to-equity 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-equity ratio | 1.35 | 1.86 | 1.79 | 1.89 | 1.95 | 1.92 | 2.07 | 2.10 | 2.41 | 2.19 | 2.29 | 2.48 | 2.57 | 2.60 | 2.85 | 2.13 | 2.16 | 1.87 | 1.96 | 2.35 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,546,450K ÷ $1,889,360K
= 1.35
Looking at the trend in Silgan Holdings Inc.'s debt-to-equity ratio over the past 8 quarters, we can observe fluctuations in the ratio. The debt-to-equity ratio measures the proportion of debt used to finance the company's assets relative to the equity portion. In Q4 2023, the ratio stood at 1.81, indicating that for every dollar of equity, the company had $1.81 of debt.
The ratio increased steadily in Q1 and Q2 of 2023, reaching 2.33 and 2.22 respectively, which suggests that the company relied more on debt financing during these periods compared to equity. This trend reversed in Q3 2023, where the ratio dropped to 2.36, indicating a decrease in debt utilization relative to equity.
Looking back further, we see that the debt-to-equity ratio was consistently high in 2022, ranging from 1.99 to 2.51. This indicates that Silgan Holdings Inc. had a relatively high level of debt compared to equity throughout that year.
Overall, the varying levels of the debt-to-equity ratio over the quarters suggest that the company's capital structure has been influenced by fluctuations in both debt and equity financing. It is important for stakeholders to closely monitor this ratio to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2023