Packaging Corporation of America Balance Sheet Health
Financial Health criteria checks 5/6
Packaging of America has a total shareholder equity of $4.3B and total debt of $2.5B, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are $8.8B and $4.5B respectively. Packaging of America's EBIT is $1.1B making its interest coverage ratio 27.3. It has cash and short-term investments of $771.6M.
Key information
58.0%
Debt to equity ratio
US$2.47b
Debt
| Interest coverage ratio | 27.3x |
| Cash | US$771.60m |
| Equity | US$4.26b |
| Total liabilities | US$4.49b |
| Total assets | US$8.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKA's short term assets ($3.2B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: PKA's short term assets ($3.2B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: PKA's net debt to equity ratio (39.9%) is considered satisfactory.
Reducing Debt: PKA's debt to equity ratio has reduced from 81.9% to 58% over the past 5 years.
Debt Coverage: PKA's debt is well covered by operating cash flow (48.6%).
Interest Coverage: PKA's interest payments on its debt are well covered by EBIT (27.3x coverage).