Ball Corporation (BALL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,841,000 | 4,883,000 | 5,489,000 | 5,223,000 | 4,675,000 |
| Total current liabilities | US$ in thousands | 4,847,000 | 6,185,000 | 7,008,000 | 5,953,000 | 4,444,000 |
| Current ratio | 1.00 | 0.79 | 0.78 | 0.88 | 1.05 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,841,000K ÷ $4,847,000K
= 1.00
The current ratio of Ball Corporation has shown a declining trend over the years, dropping from 1.05 in December 31, 2020, to 0.88 in December 31, 2021, and further decreasing to 0.78 in December 31, 2022. Although there was a slight increase to 0.79 in December 31, 2023, it remained below 1.00. However, there was an improvement back to 1.00 in December 31, 2024.
The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio below 1.00 may raise concerns about the company's liquidity and ability to meet its short-term debts. Ball Corporation's current ratio has fluctuated, indicating potential challenges in managing its short-term financial obligations. Further monitoring of the current ratio is advisable to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2024