Ball Corporation (BALL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,841,000 | 5,607,000 | 5,752,000 | 6,524,000 | 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 |
| 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 |
| Current ratio | 1.00 | 1.09 | 1.18 | 1.21 | 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 |
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 exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 1.06 in March 2020, the ratio decreased to 0.85 by March 2021 and remained relatively low through the next three quarters. Subsequently, the current ratio showed slight improvement, reaching 1.00 by June 30, 2022. However, there was a decline again to 0.78 by December 31, 2022. The ratio fluctuated around this level for the next four quarters before experiencing a significant increase to 1.21 by March 31, 2024. This improvement was followed by a slight decrease in the subsequent quarters, settling at 1.00 by December 31, 2024.
Overall, the current ratio indicates the company's ability to cover its short-term obligations with its current assets. A ratio below 1 suggests that the firm may have difficulty meeting its current liabilities, while a ratio above 1 indicates a healthy liquidity position. Ball Corporation's current ratio fluctuated significantly during the period under review, reflecting potential challenges in managing short-term obligations and the company's liquidity position. It is essential for stakeholders to monitor these fluctuations to assess the company's financial health and liquidity risk effectively.
Peer comparison
Dec 31, 2024