Ball Corporation (BALL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 885,000 | 695,000 | 548,000 | 563,000 | 1,366,000 |
| Short-term investments | US$ in thousands | — | 11,000 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,847,000 | 6,185,000 | 7,008,000 | 5,953,000 | 4,444,000 |
| Quick ratio | 0.18 | 0.11 | 0.08 | 0.09 | 0.31 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($885,000K
+ $—K
+ $—K)
÷ $4,847,000K
= 0.18
The quick ratio of Ball Corporation has shown a downward trend over the years, decreasing from 0.31 as of December 31, 2020, to 0.18 as of December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened progressively over the period analyzed. A quick ratio below 1 may suggest potential liquidity concerns, as the company may not have enough cash and near-cash assets to cover its current liabilities. Investors and creditors may view a declining quick ratio as a sign of deteriorating financial health and may raise concerns about the company's ability to manage its short-term obligations effectively. Further analysis of the company's liquidity management and operational efficiency may be warranted to address these trends.
Peer comparison
Dec 31, 2024