Silgan Holdings Inc (SLGN)
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 | 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 | 0.00 | 0.00 |
| Financial leverage ratio | 4.32 | 3.77 | 3.98 | 3.99 | 4.03 | 4.38 | 4.23 | 4.41 | 4.28 | 4.44 | 4.84 | 4.71 | 4.97 | 5.18 | 4.84 | 5.05 | 5.20 | 5.29 | 5.85 | 5.42 |
Silgan Holdings Inc has consistently maintained a low level of indebtedness as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all of which have remained at 0.00 over the reported periods. This signifies that the company's assets and capital are primarily financed through equity rather than debt.
The financial leverage ratio, on the other hand, has shown a decreasing trend over the years, starting at 5.42 in March 31, 2020, and dropping to 3.77 in September 30, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations, which could reflect positively on its long-term solvency and financial stability.
Overall, Silgan Holdings Inc's solvency ratios suggest a strong financial position with minimal dependency on debt for its operations and growth, while also showing a decreasing trend in financial leverage, which may indicate improved financial health and lower risk levels.
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 | 3.45 | 3.53 | 3.49 | 3.36 | 3.44 | 3.36 | 3.79 | 4.41 | 4.75 | 5.38 | 5.25 | 5.31 | 5.29 | 5.16 | 5.17 | 4.99 | 4.89 | 4.73 | 4.35 | 3.62 |
Silgan Holdings Inc's interest coverage ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024, ranging from a low of 3.36 to a high of 5.38. Generally, the interest coverage ratio has been on an upward trend from 2020 to mid-2022, indicating the company's increasing ability to cover interest expenses with its earnings before interest and taxes.
However, starting from the third quarter of 2022, the interest coverage ratio began to decline gradually before stabilizing around 3.5 in the last quarter of 2024. This decreasing trend may signal a potential decrease in the company's ability to meet its interest obligations using its operating income.
Overall, the interest coverage ratios above 1 indicate that Silgan Holdings Inc has generated sufficient operating income to cover interest expenses. Investors and creditors typically view a higher interest coverage ratio as a positive indicator of the company's financial health and ability to repay its debts. However, the recent decline in the interest coverage ratio may warrant further investigation into the company's financial performance and debt management strategies.