Packaging Corporation of America

Packaging Corporation of Americaverified

PKG

Price:

$201.81

Market Cap:

$18.12B

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through Packaging and Paper segments. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sal...[Read more]

Industry

Packaging & Containers

IPO Date

2000-01-28

Stock Exchange

NYSE

Ticker

PKG

The Current Ratio as of September 2024 (TTM) for Packaging Corporation of America (PKG) is 2.43

According to Packaging Corporation of America’s latest financial reports and current stock price. The company's current Current Ratio is 2.43. This represents a change of 1.05% compared to the average of 2.41 of the last 4 quarters.

Packaging Corporation of America (PKG) Historical Current Ratio (quarterly & annually)

How has PKG Current Ratio performed in the past?

The mean historical Current Ratio of Packaging Corporation of America over the last ten years is 2.89. The current 2.43 Current Ratio has changed 8.33% with respect to the historical average. Over the past ten years (40 quarters), PKG's Current Ratio was at its highest in in the June 2020 quarter at 3.89. The Current Ratio was at its lowest in in the September 2023 quarter at 2.17.

Quarterly (TTM)
Annual

Average

2.89

Median

2.82

Minimum

2.30

Maximum

3.51

Packaging Corporation of America (PKG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Packaging Corporation of America Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 32.59%

Maximum Annual Current Ratio = 3.51

Minimum Annual Increase = -15.21%

Minimum Annual Current Ratio = 2.30

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.57-10.25%
20222.86-7.24%
20213.09-12.12%
20203.512.63%
20193.4212.29%
20183.0532.59%
20172.30-15.21%
20162.71-1.96%
20152.777.08%
20142.5811.47%

Packaging Corporation of America (PKG) Average Current Ratio

How has PKG Current Ratio performed in the past?

The current Current Ratio of Packaging Corporation of America (PKG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.84

5-year avg

3.09

10-year avg

2.89

Packaging Corporation of America (PKG) Current Ratio vs. Peers

How is PKG’s Current Ratio compared to its peers?

Packaging Corporation of America’s Current Ratio is less than Avery Dennison Corporation (0), greater than WestRock Company (0.90), greater than O-I Glass, Inc. (1.34), greater than Silgan Holdings Inc. (1.26), greater than Sealed Air Corporation (1.06), greater than Reynolds Consumer Products Inc. (1.30), greater than Ball Corporation (2.13), greater than Crown Holdings, Inc. (1.18), greater than Amcor plc (1.05), greater than Graphic Packaging Holding Company (1.17), greater than null (1.24),

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