Silgan Holdings Inc (SLGN)

Solvency ratios

	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
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
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
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
Financial leverage ratio	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	4.82	5.24	5.50	5.47

Silgan Holdings Inc.'s solvency ratios reflect the company's ability to meet its long-term debt obligations and sustainability in the long run. The debt-to-assets ratio has been relatively stable, ranging between 0.45 and 0.54 over the past 8 quarters, indicating that around 45% to 54% of the company's assets are funded by debt.

The debt-to-capital ratio, measuring the proportion of debt relative to total capital, has also shown consistency, fluctuating between 0.64 and 0.70. This implies that debt constitutes about 64% to 70% of Silgan's total capital structure.

The debt-to-equity ratio has exhibited more variability, ranging from 1.81 to 2.36. This suggests higher reliance on debt financing compared to equity, with debt being around 1.81 to 2.36 times larger than equity.

The financial leverage ratio, which reflects the extent of financial risk, has shown fluctuations from 4.03 to 4.44. This indicates that Silgan has been using leverage to finance its operations, with the company's assets funded around 4.03 to 4.44 times by debt compared to equity.

Overall, Silgan Holdings Inc.'s solvency ratios demonstrate a stable but leveraged capital structure, with a consistent level of debt relative to assets and capital. It is important for investors and stakeholders to closely monitor these ratios to assess the company's ability to manage its debt effectively and maintain financial stability.

Coverage ratios

	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
Interest coverage	3.44	3.33	3.79	4.41	4.75	5.38	5.25	5.31	5.30	5.17	5.20	5.02	4.92	4.75	4.37	3.64	3.39	3.31	3.33	3.58

Interest coverage measures a company's ability to pay its interest expenses from its operating income. It is calculated as earnings before interest and taxes (EBIT) divided by interest expense. A higher interest coverage ratio indicates a stronger ability to meet interest payments.

Based on the data provided for Silgan Holdings Inc., we observe a fluctuating trend in interest coverage over the past eight quarters. The interest coverage ratio ranged from a low of 3.51 in Q4 2023 to a high of 5.09 in Q3 2022.

The general trend shows that Silgan Holdings Inc. has maintained a relatively healthy interest coverage ratio above 4 in most quarters, which suggests a comfortable ability to cover interest payments using its operating income. However, the fluctuations in the ratio imply some variability in the company's ability to meet interest obligations over the quarters.

It is important for investors and stakeholders to closely monitor the interest coverage ratio to ensure that the company continues to generate sufficient operating income to comfortably cover its interest expenses and maintain financial stability.