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

Company name
Symbol
Current ratio
Ball Corporation
BALL
0.79
Crown Holdings Inc
CCK
1.15
Silgan Holdings Inc
SLGN
1.02