Pactiv Evergreen (FRA:PEG) Debt-to-Equity : 2.89 (As of Mar. 2024)

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What is Pactiv Evergreen Debt-to-Equity?

Pactiv Evergreen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €76 Mil. Pactiv Evergreen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,496 Mil. Pactiv Evergreen's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €1,236 Mil. Pactiv Evergreen's debt to equity for the quarter that ended in Mar. 2024 was 2.89.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Pactiv Evergreen's Debt-to-Equity or its related term are showing as below:

FRA:PEG' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.61 Med: 4.53 Max: 17.62
Current: 2.89

During the past 11 years, the highest Debt-to-Equity Ratio of Pactiv Evergreen was 17.62. The lowest was -15.61. And the median was 4.53.

FRA:PEG's Debt-to-Equity is ranked worse than
96.5% of 343 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs FRA:PEG: 2.89

Pactiv Evergreen Debt-to-Equity Historical Data

The historical data trend for Pactiv Evergreen's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pactiv Evergreen Debt-to-Equity Chart

Pactiv Evergreen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.21

3.97

3.54

2.85

2.88

Pactiv Evergreen Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															3.05	3.22	3.00	2.88	2.89

Competitive Comparison of Pactiv Evergreen's Debt-to-Equity

For the Packaging & Containers subindustry, Pactiv Evergreen's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pactiv Evergreen's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pactiv Evergreen's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pactiv Evergreen's Debt-to-Equity falls into.

Pactiv Evergreen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pactiv Evergreen's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(72.443	+	3473.596)	/	1233.365
	=	2.88

Pactiv Evergreen's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(76.36	+	3496)	/	1236.48
	=	2.89

Pactiv Evergreen (FRA:PEG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Pactiv Evergreen Debt-to-Equity Related Terms

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Pactiv Evergreen (FRA:PEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pactiv Evergreen Inc (FRA:PEG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PTVE:USA PEG:Germany

Address

1900 West Field Court, Lake Forest, IL, USA, 60045

Website

https://www.pactivevergreen.com

Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh foodservice and food merchandising products and fresh beverage cartons. It operates in three segments: Foodservice, Food Merchandising, and Beverage Merchandising. These segments manufacture a broad range of products such as food containers, drinkware, tableware, service ware, ready-to-eat food containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts & filling machines, and other products. The company's geographical segments are the United States, the Rest of North America, and Others, of which the vast majority of its revenue comes from the United States.