Sonoco Products Balance Sheet Health
Financial Health criteria checks 3/6
Sonoco Products has a total shareholder equity of $2.4B and total debt of $3.0B, which brings its debt-to-equity ratio to 123.5%. Its total assets and total liabilities are $7.2B and $4.8B respectively. Sonoco Products's EBIT is $658.5M making its interest coverage ratio 5.4. It has cash and short-term investments of $172.2M.
Key information
123.5%
Debt to equity ratio
US$3.00b
Debt
Interest coverage ratio | 5.4x |
Cash | US$172.21m |
Equity | US$2.43b |
Total liabilities | US$4.77b |
Total assets | US$7.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNS's short term assets ($2.1B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: SNS's short term assets ($2.1B) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: SNS's net debt to equity ratio (116.4%) is considered high.
Reducing Debt: SNS's debt to equity ratio has increased from 77.1% to 123.5% over the past 5 years.
Debt Coverage: SNS's debt is well covered by operating cash flow (31.7%).
Interest Coverage: SNS's interest payments on its debt are well covered by EBIT (5.4x coverage).