Ball Corporation (BALL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 17,628,000 | 19,303,000 | 19,909,000 | 19,714,000 | 18,252,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $17,628,000K
= 0.00
The debt-to-assets ratio for Ball Corporation remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations during this period. A low or zero debt-to-assets ratio is generally viewed positively by investors and creditors as it suggests financial stability and a lower risk of default. Ball Corporation's ability to maintain a low debt-to-assets ratio may signal strong financial health and effective management of its capital structure. However, it is also essential to consider the potential implications of a very low debt level, such as missed opportunities for leverage and potential limitations on strategic investments.
Peer comparison
Dec 31, 2024