Sonoco Products Company (SON)

Debt-to-assets ratio

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
Long-term debt US$ in thousands
Total assets US$ in thousands 12,507,800 9,042,860 7,154,660 7,198,280 7,191,960 7,270,000 7,048,990 7,061,430 7,089,910 6,975,650 6,989,510 6,955,990 5,085,330 4,925,150 4,994,040 5,280,750 5,277,260 5,767,230 5,738,860 5,012,140
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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,507,800K
= 0.00

The debt-to-assets ratio for Sonoco Products Company has consistently been 0.00 for all quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity rather than debt. This could imply a lower financial risk for the company, as there is no financial leverage involved in its capital structure. It may also indicate strong financial stability and a conservative approach to managing its finances. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.


Peer comparison

Dec 31, 2024