Ball Corporation (BALL)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 885,000 | 1,440,000 | 1,348,000 | 1,734,000 | 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 |
| Short-term investments | US$ in thousands | — | — | 9,000 | 3,000 | 11,000 | 23,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,847,000 | 5,124,000 | 4,889,000 | 5,384,000 | 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 |
| Cash ratio | 0.18 | 0.28 | 0.28 | 0.32 | 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 |
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 fluctuated over the analyzed period. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio ranged from a low of 0.07 on March 31, 2022, June 30, 2022, and December 31, 2022, to a peak of 0.32 on March 31, 2024. The company demonstrated a substantial improvement in its cash position between March 31, 2021, when the ratio was 0.09, and March 31, 2024, when the ratio significantly increased to 0.32.
It is noteworthy that the ratio fell below 0.1 in several periods, such as March 31, 2021, June 30, 2021, December 31, 2021, March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2023. This could potentially indicate some liquidity challenges during these specific quarters.
Overall, fluctuations in the cash ratio reflect changes in Ball Corporation's liquidity position over the analyzed period, with the company showing varying levels of ability to cover its short-term obligations with its available cash.
Peer comparison
Dec 31, 2024