PRO-PAC Packaging (ASX:PPG) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is PRO-PAC Packaging Debt-to-Equity?

PRO-PAC Packaging's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$28.2 Mil. PRO-PAC Packaging's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$23.9 Mil. PRO-PAC Packaging's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$127.8 Mil. PRO-PAC Packaging's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PRO-PAC Packaging's Debt-to-Equity or its related term are showing as below:

ASX:PPG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.42 Max: 1.13
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of PRO-PAC Packaging was 1.13. The lowest was 0.23. And the median was 0.42.

ASX:PPG's Debt-to-Equity is ranked better than
52.46% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs ASX:PPG: 0.41

PRO-PAC Packaging Debt-to-Equity Historical Data

The historical data trend for PRO-PAC Packaging's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PRO-PAC Packaging Debt-to-Equity Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.79

0.90

0.83

0.57

0.39

PRO-PAC Packaging Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.97	0.57	0.41	0.39	0.41

Competitive Comparison of PRO-PAC Packaging's Debt-to-Equity

For the Packaging & Containers subindustry, PRO-PAC Packaging's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PRO-PAC Packaging's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Debt-to-Equity falls into.

PRO-PAC Packaging Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PRO-PAC Packaging's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(24.802	+	28.01)	/	135.78
	=	0.39

PRO-PAC Packaging's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(28.225	+	23.882)	/	127.772
	=	0.41

PRO-PAC Packaging (ASX:PPG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

PRO-PAC Packaging Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PRO-PAC Packaging's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.