Ball Corporation (BALL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,883,000 | 5,408,000 | 5,435,000 | 5,507,000 | 5,489,000 | 5,812,000 | 6,493,000 | 6,306,000 | 5,223,000 | 5,917,000 | 5,029,000 | 4,237,000 | 4,675,000 | 4,025,000 | 4,010,000 | 4,241,000 | 4,884,000 | 3,829,000 | 4,533,000 | 4,399,000 |
| 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 |
| Current ratio | 0.79 | 0.81 | 0.78 | 0.76 | 0.78 | 0.94 | 1.00 | 0.97 | 0.88 | 0.97 | 0.85 | 0.85 | 1.05 | 1.07 | 0.97 | 1.06 | 0.88 | 1.01 | 1.10 | 1.09 |
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 displayed some fluctuations over the recent quarters. In Q4 2023, the company's current ratio was 0.79, which indicates that its current assets may be insufficient to cover its current liabilities. However, it improved slightly from the previous quarter where it was 0.81.
Comparing the current ratio to the same quarter in the previous year, Q4 2022, we can see a decline from 0.78 to 0.79. This suggests that the company's liquidity position may have weakened year-over-year.
It is noteworthy that there was a notable drop in the current ratio during Q3 and Q2 of 2022, reaching as low as 0.94 in Q3 2022 and 0.97 in Q2 2022, but the ratio improved in the following quarters.
Overall, the current ratio for Ball Corp. has been somewhat below 1 in recent quarters, indicating a potential liquidity risk. It is essential for the company to carefully manage its current assets and liabilities to maintain a healthy liquidity position.
Peer comparison
Dec 31, 2023