Packaging of America (MEX:PKG) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Packaging of America 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. Packaging of America's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Packaging of America's long-term debt to total assets ratio increased from Sep. 2023 (0.28) to Sep. 2024 (0.31). It may suggest that Packaging of America is progressively becoming more dependent on debt to grow their business.

Packaging of America LT-Debt-to-Total-Asset Historical Data

The historical data trend for Packaging of America'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.

* Premium members only.

Packaging of America LT-Debt-to-Total-Asset Chart

Packaging of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.37

0.36

0.34

0.31

Packaging of America Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.31	0.30	0.30	0.31

Packaging of America LT-Debt-to-Total-Asset Calculation

Packaging of America'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 )
	=	45711.65	/	147355.144
	=	0.31

Packaging of America's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	52579.008	/	172364.948
	=	0.31

Packaging of America (MEX:PKG) 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.

Packaging of America LT-Debt-to-Total-Asset Related Terms

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

Packaging of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Packaging Corp of America (MEX:PKG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PKG:USA 0KEZ:UK PKA:Germany PKA:Germany

Address

1 North Field Court, Lake Forest, IL, USA, 60045

Website

https://www.packagingcorp.com

Packaging Corp. of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. PCA differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.