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Containers & Packaging Industry Financial Strength Information

Financial Strength Information & Trends  
 


Category:   Period:  

Containers & Packaging Industry 4 Q 3 Q 2 Q 1 Q 4 Q
  2023 2023 2023 2023 2022
Quick Ratio (TTM) 0.17 0.17 0.15 0.15 0.11
Quick Ratio Ranking # 49 # 78 # 81 # 82 # 93
Working Capital Ratio (TTM) 1.15 1.32 1.34 1.33 1.23
Working Capital Ratio Ranking # 39 # 52 # 55 # 54 # 68
Working Capital Per Revenue 0.05 0.09 0.09 0.09 0.06
Working Capital Per Revenue Ranking # 60 # 51 # 47 # 47 # 35
Leverage Ratio (TTM) 3.37 2.67 2.71 2.75 2.77
Leverage Ratio Ranking # 65 # 67 # 68 # 70 # 70
Total Debt to Equity (TTM) 2.12 1.61 1.61 1.61 1.6
Total Debt to Equity Ranking # 80 # 86 # 88 # 88 # 85
Interest Coverage (TTM) 4.57 5.32 5.95 6.94 11.16
Interest Coverage Ranking # 71 # 73 # 72 # 64 # 35
Debt Coverage (TTM) 0.24 0.18 0.19 0.2 0.25
Debt Coverage Ranking # 81 # 86 # 87 # 80 # 68


Quick Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 4 Q 2023, Quick Ratio fell to 0.17 below Containers & Packaging Industry average.



Within Basic Materials sector 4 other industries have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 49, from total ranking in previous quarter at 78.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 4 Q 2023
High Average Low
0.33 0.19 0.11
2. quarter 2017   4. quarter 2022

Quick Ratio Industry Ranking
Within: No.
Sector # 5
Overall # 49


Other Quick Ratios
Compare Industry's quick ratio to Etn's or S&P Constituent list of Containers & Packaging Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for ETN's Competitors Definiton of Quick Ratio


Containers & Packaging Industry Working Capital Ratio Statistics as of 4 Q 2023
 



Working Capital Ratio Statistics as of 4 Q 2023
High Average Low
1.55 1.38 1.23
3. quarter 2016   4. quarter 2022



Working Capital Ratio Comment
On the trailing twelve months basis Due to increase in Current Liabilities in the 4 Q 2023, Working Capital Ratio fell to 1.15 below Containers & Packaging Industry average.



Within Basic Materials sector 6 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has improved to 39, from total ranking in previous quarter at 52.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 39

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Etn's or S&P Constituent list of Containers & Packaging Industry
Working Capital ratios for ETN's Competitors Definiton of Working Capital Ratio

Containers & Packaging Industry Working Capital Per Revenue Statistics as of 4 Q 2023
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Containers & Packaging Industry's Working Capital Per Revenue sequentially decreased to 0.05 in the 4 Q 2023, a new Industry low. Due to decrease of revenue year on year by -4.78%.



Within Basic Materials sector 2 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 51 to 60.




Working Capital Per Revenue Statistics as of 4 Q 2023
High Average Low
0.12 0.09 0.05
4. quarter 2023   1. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 3
Overall # 60



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Etn's or S&P Constituent list of Containers & Packaging Industry
Return On Assets for Containers & Packaging Industry Definiton of Working Capital Per Revenue



Containers & Packaging Industry Leverage Ratio Statistics as of 4 Q 2023
 


Leverage Ratio Statistics as of 4 Q 2023
High Average Low
5.06 2.93 2.04
3. quarter 2015   2. quarter 2017



Leverage Ratio Comment
Despite repayements of liabilities of -0.23%, in 4 Q 2023, Liabilities to Equity ratio detoriated to 3.37, above Industry average.



Among other Industries in the Basic Materials sector 7 other industries have achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 65, from overall ranking in the previous quarter at 67.



Leverage Ratio Industry Ranking
Within: No.
Sector # 8
Overall # 65

Other Leverage Ratios
Compare Industry's Leverage ratio to Etn's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for ETN's Competitors What is Leverage Ratio?


Containers & Packaging Industry Total Debt to Equity Ratio Statistics as of 4 Q 2023
 
Debt to Equity Ratio Comment
Despite debt repayement of 0.05%, in 4 Q 2023 ,Total Debt to Equity detoriated to 2.12 in the 4 Q 2023, above Industry average.



Within Basic Materials sector 7 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 80, from total ranking in previous quarter at 86.




Debt to Equity Ratio Statistics as of 4 Q 2023
High Average Low
1.79 0.51 0.07
4. quarter 2023   2. quarter 2021



Debt to Equity Industry Ranking
Within: No.
Sector # 8
Overall # 80

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Etn's or S&P Definiton of Debt to Equity Ratio

Containers & Packaging Industry Interest Coverage Ratio Statistics as of 4 Q 2023
 


Interest Coverage Ratio Statistics as of 4 Q 2023
High Average Low
12.1 6.99 2.72
4. quarter 2020   4. quarter 2023

Interest Coverage Ratio Comment
On the trailing twelve months basis Due to increase in interest expenses in 4 Q 2023, Interest Coverage Ratio fell to 4.57 below Containers & Packaging Industry average.



In the Basic Materials sector 6 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 71, from total ranking in previous quarter at 73.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 7
Overall # 71

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Etn's or S&P Definiton of Interest Coverage Ratio


Containers & Packaging Industry Debt Coverage Statistics as of 4 Q 2023
 
Debt Coverage Ratio Comment
On the trailing twelve months basis total debt decreased faster than Industry's ebitda, this led to improvement in Industry's Debt Coverage Ratio to 0.24 , Debt Coverage Ratio remained below Containers & Packaging Industry average.



Looking into Basic Materials sector 7 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has improved to 81, from total ranking in previous quarter at 86.




Debt Coverage Statistics as of 4 Q 2023
High Average Low
6.3 2.47 0.18
4. quarter 2020   3. quarter 2023



Debt Coverage Industry Ranking
Within: No.
Sector # 8
Overall # 81

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Containers & Packaging Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-03-05T02:47:26+00:00



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