Packaging Corporation of America Balance Sheet Health
Financial Health criteria checks 4/6
Packaging of America has a total shareholder equity of $3.9B and total debt of $2.8B, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are $8.2B and $4.3B respectively. Packaging of America's EBIT is $1.1B making its interest coverage ratio 20. It has cash and short-term investments of $677.2M.
Key information
71.4%
Debt to equity ratio
US$2.78b
Debt
Interest coverage ratio | 20x |
Cash | US$677.20m |
Equity | US$3.89b |
Total liabilities | US$4.29b |
Total assets | US$8.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1KG34's short term assets ($2.8B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: P1KG34's short term assets ($2.8B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: P1KG34's net debt to equity ratio (54%) is considered high.
Reducing Debt: P1KG34's debt to equity ratio has reduced from 92.9% to 71.4% over the past 5 years.
Debt Coverage: P1KG34's debt is well covered by operating cash flow (50.4%).
Interest Coverage: P1KG34's interest payments on its debt are well covered by EBIT (20x coverage).