Silgan Holdings (Silgan Holdings) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is Silgan Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Silgan Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

Silgan Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.46) to Dec. 2023 (0.34). It may suggest that Silgan Holdings is progressively becoming less dependent on debt to grow their business.

Silgan Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Silgan Holdings's LT-Debt-to-Total-Asset 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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Silgan Holdings LT-Debt-to-Total-Asset Chart

Silgan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.50

0.49

0.46

0.34

Silgan Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.43	0.42	0.42	0.34

Silgan Holdings LT-Debt-to-Total-Asset Calculation

Silgan Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2546.451	/	7611.236
	=	0.33

Silgan Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2546.451	/	7611.236
	=	0.33

Silgan Holdings (NYSE:SLGN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Silgan Holdings LT-Debt-to-Total-Asset Related Terms

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Silgan Holdings (Silgan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Silgan Holdings Inc (NYSE:SLGN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SL3:Germany

Address

4 Landmark Square, Suite 400, Stamford, CT, USA, 06901

Website

https://www.silganholdings.com

Silgan Holdings manufactures about half of the metal food containers in North America. Its major customers include Campbell Soup, Nestle, and Del Monte. Silgan's other business segments include plastic dispensers and containers for personal and healthcare products and a closures business that manufactures metal and plastic lids and caps.

Executives

Anthony J Allott	officer: President and COO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Thomas James Snyder	officer: President - Silgan Containers	C/O SILGAN CONTAINERS LLC, 21600 OXNARD STREET, SUITE 1600, WOODLAND HILLS CA 91367
Stacey J. Mcgrath	officer: Vice President, Tax	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Joseph M Jordan	director	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Robert B Lewis	officer: EVP and CFO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Shawn C Fabry	officer: SVP, Corporate Development	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Kimberly Irene Ulmer	officer: Vice President & Controller	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
Niharika Ramdev	director	C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Daniel Patrick Murphy	officer: Vice President & Controller	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
B. Frederick Prinzen	officer: Vice President, Corp. Dev.	SILGAN HOLDINGS INC., 4 LANDMARK SQUARE, STAMFORD CT 06901
Jay A Martin	officer: Vice President	P O BOX 5311, NEW CASTLE PA 16105
D Greg Horrigan	director, 10 percent owner, officer: Co-Chairman and Co-CEO	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901
William T Donovan	director	C/O SILGAN HOLDINGS INC., 4 LANDMARK SQUARE SUITE 400, STAMFORD CT 06901
Kimberly A Fields	director	C/O ALLEGHENY TECHNOLOGIES INCORPORATED, 1000 SIX PPG PLACE, PITTSBURGH PA 15217
Anthony P Andreacchi	officer: Vice President, Tax	4 LANDMARK SQUARE, SUITE 400, STAMFORD CT 06901