Sonoco Products Company (SON)
Debt-to-equity 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-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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,286,210K
= 0.00
The debt-to-equity ratio for Sonoco Products Company has remained consistently at 0.00 throughout the periods from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt on its balance sheet relative to its equity during these periods. A debt-to-equity ratio of 0.00 signifies that the company's total liabilities are essentially non-existent compared to its equity, suggesting that Sonoco Products Company has not relied on debt financing to fund its operations or expansion. This may imply a conservative financial strategy or a strong ability to generate internal funds for growth and investment without resorting to external borrowing.
Peer comparison
Dec 31, 2024