Ball Corporation (BALL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 885,000 | 1,440,000 | 1,348,000 | 1,734,000 | 695,000 | 1,335,000 | 955,000 | 572,000 | 548,000 | 473,000 | 480,000 | 437,000 | 563,000 | 1,446,000 | 571,000 | 461,000 | 1,366,000 | 771,000 | 643,000 | 801,000 |
| Short-term investments | US$ in thousands | — | — | 9,000 | 3,000 | 11,000 | 23,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.18 | 0.28 | 0.28 | 0.32 | 0.11 | 0.20 | 0.14 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.09 | 0.24 | 0.10 | 0.09 | 0.31 | 0.20 | 0.16 | 0.20 |
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 fluctuated during the period under review, ranging from a low of 0.07 to a high of 0.32. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the earlier years, such as March 31, 2020, June 30, 2020, and March 31, 2021, the quick ratio was notably low, suggesting potential liquidity challenges. However, there were periods, such as December 31, 2020 and March 31, 2024, where the quick ratio improved significantly, indicating better short-term liquidity.
Overall, the trend shows some volatility in the quick ratio, with periods of improvement followed by declines. It is important for investors and stakeholders to monitor the quick ratio closely to assess Ball Corporation's ability to cover its short-term obligations with its current liquid assets.
Peer comparison
Dec 31, 2024