Sonoco Products Company (SON)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,271,610 | 2,424,340 | 2,072,800 | 1,849,540 | 1,910,530 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,271,610K
= 0.00
Sonoco Products Company has consistently maintained a debt-to-equity ratio of 0.00 over the five-year period from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity during this period. This can imply that Sonoco Products Company has been using primarily equity financing to fund its operations and investments, rather than relying on debt. This strong financial position suggests that the company has a stable capital structure and may have lower financial risk compared to companies with higher debt levels. It also indicates that the company may have sufficient internal resources or access to equity funding to support its growth and operations without needing to take on additional debt.
Peer comparison
Dec 31, 2024