Ball Corporation (BALL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,883,000 | 5,489,000 | 5,223,000 | 4,675,000 | 4,884,000 |
| Total current liabilities | US$ in thousands | 6,185,000 | 7,008,000 | 5,953,000 | 4,444,000 | 5,577,000 |
| Current ratio | 0.79 | 0.78 | 0.88 | 1.05 | 0.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,883,000K ÷ $6,185,000K
= 0.79
The current ratio for Ball Corp. has fluctuated over the past five years, ranging from 0.78 to 1.05. The ratio indicates the company's ability to meet its short-term liabilities with its current assets. A higher current ratio is generally preferable as it suggests a stronger ability to cover short-term obligations.
In 2023, the current ratio decreased to 0.79 from 0.88 in 2022. This implies a decline in the company's short-term liquidity position compared to the previous year. While a current ratio below 1 may raise concerns about the company's liquidity, it is important to consider industry norms and the company's specific circumstances.
Overall, the trend in Ball Corp.'s current ratio shows some variability, and further analysis of the company's asset management and liquidity practices may provide additional insight into its financial health.
Peer comparison
Dec 31, 2023