Sonoco Products Balance Sheet Health
Financial Health criteria checks 2/6
Sonoco Products has a total shareholder equity of $2.5B and total debt of $4.7B, which brings its debt-to-equity ratio to 189.7%. Its total assets and total liabilities are $9.0B and $6.6B respectively. Sonoco Products's EBIT is $649.7M making its interest coverage ratio 4.6. It has cash and short-term investments of $1.9B.
Key information
189.7%
Debt to equity ratio
US$4.72b
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$1.93b |
| Equity | US$2.49b |
| Total liabilities | US$6.56b |
| Total assets | US$9.04b |
Recent financial health updates
Does Sonoco Products (NYSE:SON) Have A Healthy Balance Sheet?
Oct 22
Sonoco Products (NYSE:SON) Has A Somewhat Strained Balance Sheet
Jan 23We 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 02Recent updates
Sonoco Products: Promising Amidst Many Moving Parts
Dec 23Sonoco Products Company's (NYSE:SON) Subdued P/E Might Signal An Opportunity
Dec 14Sonoco Products: M&A Activity Should Support Shares In 2025 (Rating Upgrade)
Dec 04Does Sonoco Products (NYSE:SON) Have A Healthy Balance Sheet?
Oct 22Sonoco: $1.8B Senior Unsecured Notes, Headwinds, And Divestitures Make This Stock Too Unpredictable
Sep 25Sentiment Still Eluding Sonoco Products Company (NYSE:SON)
Sep 09Sonoco Products: A Big Deal Creates Some Uncertainty
Jul 09Sonoco Products: Disappointing Prices Weigh On Free Cash Flow (Rating Downgrade)
Jun 01Sonoco Products Company's (NYSE:SON) Price Is Out Of Tune With Earnings
May 27Sonoco 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 19Financial Position Analysis
Short Term Liabilities: SON's short term assets ($4.0B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: SON's short term assets ($4.0B) do not cover its long term liabilities ($4.9B).
Debt to Equity History and Analysis
Debt Level: SON's net debt to equity ratio (112.1%) is considered high.
Reducing Debt: SON's debt to equity ratio has increased from 82.9% to 189.7% over the past 5 years.
Debt Coverage: SON's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: SON's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 22:32 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sonoco Products Company is covered by 24 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Coleman | Argus Research Company |
| Ghansham Panjabi | Baird |
| Ishan Majumdar | Baptista Research |