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<< Back to Financial Strength by Company within Containers & Packaging Industry
Containers & Packaging Industry Financial Strength Information
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Financial Strength Information & Trends  |
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Industry: Containers & Packaging ▼
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Category:
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Period:
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| Containers & Packaging Industry |
3 Q |
2 Q |
1 Q |
4 Q |
3 Q |
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2024 |
2024 |
2024 |
2023 |
2023 |
| Quick Ratio (TTM) |
0.28 |
0.25 |
0.2 |
0.18 |
0.17 |
| Quick Ratio Ranking |
# 65 |
# 71 |
# 72 |
# 81 |
# 78 |
| Working Capital Ratio (TTM) |
1.32 |
1.27 |
1.3 |
1.31 |
1.32 |
| Working Capital Ratio Ranking |
# 47 |
# 57 |
# 64 |
# 65 |
# 52 |
| Working Capital Per Revenue |
0.1 |
0.08 |
0.09 |
0.08 |
0.09 |
| Working Capital Per Revenue Ranking |
# 53 |
# 45 |
# 37 |
# 42 |
# 51 |
| Leverage Ratio (TTM) |
2.53 |
2.63 |
2.47 |
2.62 |
2.67 |
| Leverage Ratio Ranking |
# 63 |
# 68 |
# 74 |
# 75 |
# 67 |
| Total Debt to Equity (TTM) |
1.56 |
1.64 |
1.49 |
1.59 |
1.61 |
| Total Debt to Equity Ranking |
# 84 |
# 88 |
# 92 |
# 93 |
# 86 |
| Interest Coverage (TTM) |
9.24 |
7.3 |
5.59 |
4.66 |
5.32 |
| Interest Coverage
Ranking |
# 60 |
# 68 |
# 74 |
# 75 |
# 73 |
| Debt Coverage (TTM) |
0.2 |
0.23 |
0.22 |
0.18 |
0.18 |
| Debt Coverage Ranking |
# 83 |
# 80 |
# 72 |
# 70 |
# 86 |
| Quick Ratio Comment |
On the trailing twelve months basis Containers & Packaging Industry's Cash & cash equivalent grew by 48.86 % in the 3 Q 2024 sequentially, while Current Liabilities decreased, this led to improvement in Containers & Packaging Industry's Quick Ratio to 0.28 in the 3 Q 2024,, above Containers & Packaging Industry average Quick Ratio.
Within Basic Materials sector 7 other industries have achieved higher Quick Ratio. Quick Ratio total ranking has improved so far to 65, from total ranking in previous quarter at 71. |
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 3 Q 2024 |
| High |
Average |
Low |
| 0.33 |
0.19 |
0.11 |
| 2. quarter 2017 |
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4. quarter 2022 |
| Quick Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 8 |
| Overall |
# 65
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| Containers & Packaging Industry Working Capital Ratio Statistics as of 3 Q 2024 |
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| Working Capital Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 1.55 |
1.37 |
1.23 |
| 3. quarter 2016 |
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4. quarter 2022 |
| Working Capital Ratio Comment |
On the trailing twelve months basis Containers & Packaging Industry's Current Assets grew by 2.73 % in the 3 Q 2024 sequentially, while Current Liabilities decreased, this led to improvement in Industry's Working Capital Ratio to 1.32 in the 3 Q 2024, Working Capital Ratio remained below Containers & Packaging Industry average.
Within Basic Materials sector 8 other industries have achieved higher Working Capital Ratio. Working Capital Ratio total ranking has improved to 47, from total ranking in previous quarter at 57.
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| Working Capital Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 9 |
| Overall |
# 47
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| Containers & Packaging Industry Working Capital Per Revenue
Statistics as of 3 Q 2024 |
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| Working Capital Per Revenue Comment |
On the trailing twelve months basis Containers & Packaging Industry's Working Capital Per Revenue sequentially grew to 0.1 in the 3 Q 2024, above Industry average. Due to decline in revenue year on year by -5.8%.
Within Basic Materials sector only one Industry has achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 45 to 53.
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| Working Capital Per Revenue Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 0.12 |
0.09 |
0.05 |
| 1. quarter 2014 |
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1. quarter 2016 |
| Working Capital Per Revenue Industry Ranking |
| Within: |
No. |
| Sector |
# 2 |
| Overall |
# 53
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| Containers & Packaging Industry Leverage Ratio Statistics as of 3 Q 2024 |
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| Leverage Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 5.06 |
2.9 |
2.04 |
| 3. quarter 2015 |
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2. quarter 2017 |
| Leverage Ratio Comment |
Due to repayements of liabilities of -0.78% Industry improved Liabilities to Equity ratio in 3 Q 2024 to 2.53, below Industry average.
Among other Industries in the Basic Materials sector 8 other industries have achieved lower Leverage Ratio.
Leverage Ratio total ranking has improved so far to 63, from overall ranking in the previous quarter at 68.
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| Leverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 9 |
| Overall |
# 63
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| Containers & Packaging Industry Total Debt to Equity Ratio Statistics as of 3 Q 2024 |
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| Debt to Equity
Ratio Comment |
Due to debt repayement of -1.49% Industry improved Total Debt to Equity in 3 Q 2024 to 1.56, above Industry average.
Within Basic Materials sector 9 other industries have achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 84, from total ranking in previous quarter at 88.
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| Debt to Equity Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 1.64 |
0.58 |
0.07 |
| 2. quarter 2024 |
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2. quarter 2021 |
| Debt to Equity Industry Ranking |
| Within: |
No. |
| Sector |
# 10 |
| Overall |
# 84
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| Containers & Packaging Industry Interest Coverage Ratio Statistics as of 3 Q 2024 |
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| Interest Coverage Ratio Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 12.1 |
7.06 |
3.64 |
| 4. quarter 2020 |
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2. quarter 2016 |
| Interest Coverage Ratio Comment |
On the trailing twelve months basis interest expenses decreased faster than Industry's ebitda, this led to improvement in Industry's Interest Coverage Ratio to 9.24 , above Containers & Packaging Industry average Interest Coverage Ratio.
In the Basic Materials sector 5 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 60, from total ranking in previous quarter at 68.
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| Interest Coverage Ratio Industry Ranking |
| Within: |
No. |
| Sector |
# 6 |
| Overall |
# 60
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| Containers & Packaging Industry Debt Coverage
Statistics as of 3 Q 2024 |
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| Debt Coverage Ratio Comment |
On the trailing twelve months basis Despite sequential decrease in total debt, Debt Coverage Ratio detoriated to 0.2 in the 3 Q 2024, below Containers & Packaging Industry average.
Looking into Basic Materials sector 9 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has declined from the preceding period from 80 to 83.
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| Debt Coverage Statistics as of 3 Q 2024 |
| High |
Average |
Low |
| 6.3 |
2.31 |
0.18 |
| 4. quarter 2020 |
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3. quarter 2023 |
| Debt Coverage Industry Ranking |
| Within: |
No. |
| Sector |
# 10 |
| Overall |
# 83
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Date modified: 2024-12-07T09:22:06+00:00
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