Sonoco Historical Balance Sheet

SON Stock  USD 51.92  1.00  1.96%   
Trend analysis of Sonoco Products balance sheet accounts such as Total Stockholder Equity of 1.3 B, Property Plant And Equipment Net of 2.3 B, Net Debt of 3.4 B or Retained Earnings of 2.8 B provides information on Sonoco Products' total assets, liabilities, and equity, which is the actual value of Sonoco Products to its prevalent stockholders. By breaking down trends over time using Sonoco Products balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Sonoco Products latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Sonoco Products is a good buy for the upcoming year.

Sonoco Products Inventory

812.18 Million

  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.

About Sonoco Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Sonoco Products at a specified time, usually calculated after every quarter, six months, or one year. Sonoco Products Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sonoco Products and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Sonoco currently owns. An asset can also be divided into two categories, current and non-current.

Sonoco Products Balance Sheet Chart

At this time, Sonoco Products' Non Currrent Assets Other are very stable compared to the past year. As of the 25th of November 2024, Common Stock Shares Outstanding is likely to grow to about 110.4 M, while Other Current Liabilities is likely to drop about 235.4 M.

Total Assets

Total assets refers to the total amount of Sonoco Products assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sonoco Products books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Sonoco Products balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Sonoco Products are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most accounts from Sonoco Products' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Sonoco Products current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.At this time, Sonoco Products' Non Currrent Assets Other are very stable compared to the past year. As of the 25th of November 2024, Common Stock Shares Outstanding is likely to grow to about 110.4 M, while Other Current Liabilities is likely to drop about 235.4 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total1.6B3.5B3.3B3.5B
Total Assets5.1B7.1B7.2B7.6B

Sonoco Products balance sheet Correlations

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0.660.520.450.830.50.470.680.470.610.670.470.85-0.050.470.650.370.010.670.90.840.380.580.060.650.14
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0.970.980.330.50.630.970.870.020.980.220.020.60.430.990.910.51-0.260.970.620.180.970.270.850.55-0.73
0.920.990.250.470.540.970.77-0.080.940.14-0.080.520.30.970.940.44-0.390.940.580.20.990.190.850.4-0.71
0.930.80.330.680.790.870.770.260.930.50.260.760.460.840.770.41-0.040.90.720.370.770.480.620.76-0.51
0.190.040.540.470.380.02-0.080.260.120.441.00.290.120.040.030.10.390.170.460.48-0.070.12-0.20.420.22
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0.380.20.070.670.450.220.140.50.440.370.440.450.120.180.170.10.020.360.40.720.090.350.030.450.02
0.190.040.540.470.380.02-0.080.261.00.120.440.290.120.040.030.10.390.170.460.48-0.070.12-0.20.420.22
0.710.550.520.850.970.60.520.760.290.680.450.290.020.580.650.590.160.690.940.480.480.760.210.80.04
0.440.320.06-0.050.050.430.30.460.120.460.120.120.020.440.220.350.410.4-0.02-0.210.370.130.40.55-0.6
0.960.980.330.470.610.990.970.840.040.970.180.040.580.440.90.53-0.210.970.620.140.980.280.850.56-0.73
0.910.950.370.650.640.910.940.770.030.90.170.030.650.220.90.44-0.320.940.740.370.890.320.640.5-0.48
0.550.450.520.370.630.510.440.410.10.540.10.10.590.350.530.440.40.530.56-0.060.450.420.350.67-0.22
-0.13-0.340.150.010.17-0.26-0.39-0.040.39-0.160.020.390.160.41-0.21-0.320.4-0.180.1-0.13-0.330.46-0.420.540.34
0.990.970.390.670.710.970.940.90.170.990.360.170.690.40.970.940.53-0.180.740.360.930.370.740.64-0.6
0.740.630.620.90.940.620.580.720.460.690.40.460.94-0.020.620.740.560.10.740.580.520.630.20.730.05
0.340.260.120.840.440.180.20.370.480.290.720.480.48-0.210.140.37-0.06-0.130.360.580.10.31-0.170.270.29
0.910.980.230.380.510.970.990.77-0.070.930.09-0.070.480.370.980.890.45-0.330.930.520.10.150.90.4-0.78
0.380.20.180.580.640.270.190.480.120.350.350.120.760.130.280.320.420.460.370.630.310.15-0.120.750.25
0.740.830.080.060.290.850.850.62-0.20.790.03-0.20.210.40.850.640.35-0.420.740.2-0.170.9-0.120.19-0.94
0.690.450.490.650.790.550.40.760.420.660.450.420.80.550.560.50.670.540.640.730.270.40.750.19-0.12
-0.61-0.690.020.14-0.04-0.73-0.71-0.510.22-0.660.020.220.04-0.6-0.73-0.48-0.220.34-0.60.050.29-0.780.25-0.94-0.12
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Sonoco Products Account Relationship Matchups

Sonoco Products balance sheet Accounts

201920202021202220232024 (projected)
Total Assets5.1B5.3B5.1B7.1B7.2B7.6B
Short Long Term Debt Total1.7B1.7B1.6B3.5B3.3B3.5B
Other Current Liab(5.7M)459.4M381.4M405.7M400.0M235.4M
Total Current Liabilities1.4B1.5B1.5B1.8B1.2B744.8M
Total Stockholder Equity1.8B1.9B1.8B2.1B2.4B1.3B
Property Plant And Equipment Net1.3B1.2B1.3B2.0B2.2B2.3B
Net Debt1.5B1.1B1.4B3.2B3.2B3.4B
Retained Earnings2.3B2.3B2.1B2.3B2.6B2.8B
Cash145.3M564.8M171.0M227.4M151.9M127.2M
Non Current Assets Total3.6B3.4B3.4B4.7B5.1B5.4B
Non Currrent Assets Other500.6M491.4M514.4M178.3M224.9M250.4M
Cash And Short Term Investments145.3M564.8M171.0M227.4M151.9M127.2M
Net Receivables811.9M762.4M851.6M962.2M1.0B516.6M
Common Stock Shares Outstanding101.2M101.2M99.6M98.7M98.9M110.4M
Liabilities And Stockholders Equity5.1B5.3B5.1B7.1B7.2B7.6B
Non Current Liabilities Total1.9B1.9B1.7B3.2B3.6B3.8B
Inventory503.8M450.7M562.1M1.1B773.5M812.2M
Other Current Assets60.2M52.6M74.0M76.1M113.4M69.2M
Other Stockholder Equity323.8M314.1M119.7M140.5M159.0M167.0M
Total Liab3.3B3.4B3.2B5.0B4.8B5.0B
Total Current Assets1.5B1.8B1.7B2.4B2.1B1.1B
Short Term Debt488.2M507.9M411.6M502.4M47.1M44.8M
Intangible Assets388.3M321.9M278.1M741.6M853.7M896.4M
Accounts Payable904.9M536.9M721.3M818.9M707.5M485.4M
Property Plant And Equipment Gross1.5B1.2B1.3B2.0B5.3B5.5B
Accumulated Other Comprehensive Income(816.8M)(756.8M)(359.4M)(430.1M)(366.3M)(384.6M)
Other Liab459.0M610.7M498.8M265.5M305.3M426.2M
Other Assets113.0M1.1B12.1M267.6M1.00.95
Long Term Debt1.2B1.2B1.2B2.7B3.0B3.2B
Good Will1.4B1.4B1.3B1.7B1.8B1.1B
Property Plant Equipment1.3B1.2B1.3B2.0B2.3B1.2B
Current Deferred Revenue17.0M16.7M19.0M22.4M20.2M21.2M
Net Tangible Assets239.0M450.5M246.9M(351.1M)(316.0M)(300.2M)
Noncontrolling Interest In Consolidated Entity13.2M13.0M10.9M12.1M10.9M12.6M
Retained Earnings Total Equity2.2B2.3B2.3B2.1B2.4B2.0B
Long Term Debt Total1.2B1.2B1.2B2.7B3.1B3.3B

Pair Trading with Sonoco Products

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sonoco Products position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sonoco Products will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sonoco Stock

  0.87AVY Avery Dennison CorpPairCorr

Moving against Sonoco Stock

  0.82PKG Packaging Corp Fiscal Year End 22nd of January 2025 PairCorr
  0.8IP International PaperPairCorr
  0.77KRT Karat PackagingPairCorr
  0.73BERY Berry Global Group Sell-off TrendPairCorr
  0.73DRVN Driven Brands HoldingsPairCorr
The ability to find closely correlated positions to Sonoco Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sonoco Products when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sonoco Products - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sonoco Products to buy it.
The correlation of Sonoco Products is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sonoco Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sonoco Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sonoco Products can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Sonoco Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sonoco Products' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sonoco Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sonoco Products Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonoco Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in Sonoco Stock, please use our How to Invest in Sonoco Products guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Paper & Plastic Packaging Products & Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sonoco Products. If investors know Sonoco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sonoco Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.61)
Dividend Share
2.06
Earnings Share
2.91
Revenue Per Share
66.695
Quarterly Revenue Growth
(0.02)
The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sonoco Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.