REYN (Reynolds Consumer Products) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2024)

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What is Reynolds Consumer Products 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. Reynolds Consumer Products's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.37.

Reynolds Consumer Products's long-term debt to total assets ratio declined from Sep. 2023 (0.42) to Sep. 2024 (0.37). It may suggest that Reynolds Consumer Products is progressively becoming less dependent on debt to grow their business.

Reynolds Consumer Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reynolds Consumer Products'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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Reynolds Consumer Products LT-Debt-to-Total-Asset Chart

Reynolds Consumer Products Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.02

0.48

0.44

0.43

0.39

Reynolds Consumer Products 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															0.42	0.39	0.39	0.38	0.37

Reynolds Consumer Products LT-Debt-to-Total-Asset Calculation

Reynolds Consumer Products'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 )
	=	1874	/	4780
	=	0.39

Reynolds Consumer Products'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 )
	=	1794	/	4843
	=	0.37

Reynolds Consumer Products (NAS:REYN) 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.

Reynolds Consumer Products LT-Debt-to-Total-Asset Related Terms

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Reynolds Consumer Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Reynolds Consumer Products Inc (NAS:REYN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 W. Field Court, Lake Forest, IL, USA, 60045

Website

https://www.reynoldsconsumerproducts.com

Reynolds Consumer Products Inc is a provider of household products. The firm is engaged in the production and sales of cooking products, waste and storage products, and tableware. It operates through four reportable segments namely, Reynolds Cooking and Baking, Hefty Waste and Storage, Hefty Tableware, and Presto Products. Reynolds Cooking and Baking segment produce branded and store brand aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags and slow cooker liners.

Executives

Helen Golding	director	REYNOLDS CONSUMER PRODUCTS INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
Chris Mayrhofer	officer: Vice President and Controller	C/O REYNOLDS CONSUMER PRODUCTS, 1900 W. FIELD CT., LAKE FOREST IL 60045
Christine Montenegro Mcgrath	director	C/O REYNOLDS CONSUMER PRODUCTS INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
Christopher Corey	officer: President, Presto Products	C/O REYNOLDS CONSUMER PRODUCTS, INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
Nathan D. Lowe	officer: VP, Fin. Planning & Analysis	C/O REYNOLDS CONSUMER PRODUCTS INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
Mark D. Swartzberg	officer: VP Investor Relations	C/O REYNOLDS CONSUMER PRODUCTS INC., 1900 W. FIELD COURT, LAKE FOREST IL 60045
V Lance Mitchell	director, officer: President and CEO	1900 W. FIELD COURT, LAKE FOREST IL 60045
Michael E. Graham	officer: Chief Financial Officer	REYNOLDS CONSUMER PRODUCT, 1900 W. FIELD COURT, LAKE FOREST IL 60045
Stephen C. Estes	officer: Chief Administrative Officer	1900 W. FIELD COURT, LAKE FOREST IL 60045
Clyde David Watson	officer: Chief Legal Counsel/Corp Sec	1900 W. FIELD COURT, LAKE FOREST IL 60045
Rita Fisher	officer: Chief Information Officer/EVP	1900 W. FIELD COURT, LAKE FOREST IL 60045
Michael F. Mcmahon	officer: VP-Senior Sales Team	1900 W. FIELD COURT, LAKE FOREST IL 60045
Valerie Elizabeth Miller	officer: EVP-HR	1900 W. FIELD COURT, LAKE FOREST IL 60045
Allen Hugli	director	C/O RANK GROUP, LEVEL II, 148 QUAY ST, AUCKLAND Q2 00000
Lisa M Smith	officer: President, Hefty Waste&Storage	1900 W. FIELD COURT, C/O REYNOLDS CONSUMER PRODUCTS INC., LAKE FOREST IL 60045