Ball Corporation (BALL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 885,000 | 695,000 | 548,000 | 563,000 | 1,366,000 |
| Short-term investments | US$ in thousands | — | 11,000 | — | — | — |
| Total current liabilities | US$ in thousands | 4,847,000 | 6,185,000 | 7,008,000 | 5,953,000 | 4,444,000 |
| Cash ratio | 0.18 | 0.11 | 0.08 | 0.09 | 0.31 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($885,000K
+ $—K)
÷ $4,847,000K
= 0.18
The cash ratio of Ball Corporation has shown a declining trend over the years, decreasing from 0.31 on December 31, 2020, to 0.18 on December 31, 2024. This indicates that the company's ability to cover its short-term obligations solely with its cash and cash equivalents has been decreasing. A cash ratio below 1.0 suggests that Ball Corporation may have difficulty meeting its current liabilities with its available cash reserves alone. It is important for the company to closely monitor its cash position and liquidity management to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024