Sonoco Products Company (SON)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,286,210 | 2,478,940 | 2,434,640 | 2,427,480 | 2,431,840 | 2,339,160 | 2,299,320 | 2,205,560 | 2,072,800 | 1,935,080 | 1,929,680 | 1,918,930 | 1,849,540 | 1,860,730 | 1,822,430 | 1,912,800 | 1,910,530 | 1,881,330 | 1,807,700 | 1,755,440 |
| 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 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,286,210K)
= 0.00
The debt-to-capital ratio for Sonoco Products Company has consistently remained at 0.00 for all the reported quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not reported any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company has been financing its operations and investments primarily through equity, with no reliance on debt financing. This may reflect a strong financial position and low financial risk, as the absence of debt obligations can lead to lower interest expenses and reduced financial leverage. However, it's important to note that while a low debt-to-capital ratio can be seen as positive, it may also indicate a conservative approach to financing, potentially missing out on leverage benefits during periods of favorable borrowing conditions.
Peer comparison
Dec 31, 2024