Ball Corporation (BALL)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 695,000 | 1,335,000 | 955,000 | 572,000 | 548,000 | 473,000 | 480,000 | 437,000 | 563,000 | 1,446,000 | 571,000 | 461,000 | 1,366,000 | 771,000 | 643,000 | 801,000 | 1,798,000 | 483,000 | 764,000 | 603,000 |
| Short-term investments | US$ in thousands | — | 23,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,185,000 | 6,715,000 | 6,926,000 | 7,220,000 | 7,008,000 | 6,189,000 | 6,483,000 | 6,486,000 | 5,953,000 | 6,131,000 | 5,917,000 | 4,984,000 | 4,444,000 | 3,764,000 | 4,126,000 | 4,003,000 | 5,577,000 | 3,773,000 | 4,134,000 | 4,035,000 |
| Cash ratio | 0.11 | 0.20 | 0.14 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.09 | 0.24 | 0.10 | 0.09 | 0.31 | 0.20 | 0.16 | 0.20 | 0.32 | 0.13 | 0.18 | 0.15 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($695,000K
+ $—K)
÷ $6,185,000K
= 0.11
The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Based on the data provided for Ball Corp., the cash ratio fluctuated over the past eight quarters. In Q4 2023, the cash ratio was 0.16, showing a decrease from the previous quarter's ratio of 0.25. This indicates a lower ability to cover short-term liabilities with cash and cash equivalents compared to the previous quarter.
Looking at the trend over the past year, the cash ratio has shown variability, ranging from 0.10 to 0.25. The highest cash ratio was recorded in Q3 2023 at 0.25, indicating a strong ability to cover short-term obligations at that point in time.
Overall, Ball Corp.'s cash ratio has shown some volatility, suggesting fluctuations in its ability to meet short-term liabilities solely with cash and cash equivalents. Further analysis of the company's overall liquidity position and cash management practices would provide additional insights into its financial health.
Peer comparison
Dec 31, 2023