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 123.1%. Its total assets and total liabilities are $7.2B and $4.8B respectively. Sonoco Products's EBIT is $698.2M making its interest coverage ratio 5.5. It has cash and short-term investments of $151.9M.
Key information
123.1%
Debt to equity ratio
US$2.99b
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$151.94m |
| Equity | US$2.43b |
| Total liabilities | US$4.76b |
| Total assets | US$7.19b |
Recent financial health updates
Sonoco Products (NYSE:SON) Has A Somewhat Strained Balance Sheet
Jan 23
We Think Sonoco Products (NYSE:SON) Is Taking Some Risk With Its Debt
Sep 22Is Sonoco Products (NYSE:SON) Using Too Much Debt?
May 08Sonoco Products (NYSE:SON) Takes On Some Risk With Its Use Of Debt
Feb 02Sonoco Products (NYSE:SON) Takes On Some Risk With Its Use Of Debt
Jul 20Is Sonoco Products (NYSE:SON) Using Too Much Debt?
Apr 17Recent updates
Sonoco Products: Mixed Outlook Due To Destocking And Inflation
Mar 06Sonoco Products (NYSE:SON) Has A Somewhat Strained Balance Sheet
Jan 23Is Sonoco Products Company (NYSE:SON) Trading At A 40% Discount?
Jan 03Sonoco Products Should Benefit From Lower Inventories In 2024
Dec 20Sonoco Seems Cheap Considering The Risk Level
Oct 10We Think Sonoco Products (NYSE:SON) Is Taking Some Risk With Its Debt
Sep 22Does Sonoco Products (NYSE:SON) Deserve A Spot On Your Watchlist?
Aug 20Sonoco Products: Packaging Powerhouse With Promising Prospects
Aug 02Are Investors Undervaluing Sonoco Products Company (NYSE:SON) By 28%?
Jul 08Is Sonoco Products (NYSE:SON) Using Too Much Debt?
May 08Is There An Opportunity With Sonoco Products Company's (NYSE:SON) 24% Undervaluation?
Mar 30Still Avoiding Sonoco Products
Feb 24Sonoco Products declares $0.49 dividend
Feb 09Sonoco Products (NYSE:SON) Takes On Some Risk With Its Use Of Debt
Feb 02Northstar Recycling acquires Sonoco Sustainability Solutions
Jan 31Sonoco Products: Improving Free Cash Flow, Solid Dividend Growth Value Stock
Dec 16Sonoco Products Q3 2022 Earnings Preview
Oct 30Sonoco Products declares $0.49 dividend
Oct 19Sonoco Products: Solid Performance
Oct 05Sonoco ThermoSafe & United Airlines' cargo arm sign global master lease agreement
Sep 26Sonoco ThermoSafe & American Airlines' cargo arm sign global master lease agreement
Sep 08Sonoco unit to hike tube, core prices in EMEA due to inflationary pressure
Aug 30Sonoco Products Company: Expect Strength To Continue
Jul 27Sonoco Products declares $0.49 dividend
Jul 20Sonoco Products (NYSE:SON) Takes On Some Risk With Its Use Of Debt
Jul 20Sonoco Thermosafe and Turkish Cargo sign global master lease agreement
Jul 14Sonoco expands residential recycling of paper cups to its South Carolina mill
Jul 05Continuing To Avoid Sonoco Products
May 13Sonoco Products (NYSE:SON) Is Paying Out A Larger Dividend Than Last Year
Apr 28Is Sonoco Products (NYSE:SON) Using Too Much Debt?
Apr 17Sonoco Products: An Attractive Prospect In Packaging
Mar 24Financial Position Analysis
Short Term Liabilities: SON's short term assets ($2.1B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: SON's short term assets ($2.1B) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: SON's net debt to equity ratio (116.9%) is considered high.
Reducing Debt: SON's debt to equity ratio has increased from 78.2% to 123.1% over the past 5 years.
Debt Coverage: SON's debt is well covered by operating cash flow (29.5%).
Interest Coverage: SON's interest payments on its debt are well covered by EBIT (5.5x coverage).