Ball Corporation (BALL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,070,000 | 8,770,000 | 8,800,000 | 8,610,000 | 7,990,000 | 7,600,000 | 8,400,000 | 8,200,000 | 8,030,000 | 8,900,000 | 8,100,000 | 8,100,000 | 8,300,000 | 7,679,000 | 7,158,000 | 7,476,000 | 6,337,000 | 6,623,000 | 6,916,000 | 6,719,000 |
| Total assets | US$ in thousands | 19,303,000 | 19,932,000 | 20,171,000 | 20,109,000 | 19,909,000 | 20,053,000 | 20,926,000 | 20,926,000 | 19,714,000 | 20,132,000 | 19,146,000 | 17,979,000 | 18,252,000 | 16,972,000 | 16,610,000 | 16,545,000 | 17,360,000 | 16,237,000 | 17,109,000 | 16,923,000 |
| Debt-to-assets ratio | 0.42 | 0.44 | 0.44 | 0.43 | 0.40 | 0.38 | 0.40 | 0.39 | 0.41 | 0.44 | 0.42 | 0.45 | 0.45 | 0.45 | 0.43 | 0.45 | 0.37 | 0.41 | 0.40 | 0.40 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,070,000K ÷ $19,303,000K
= 0.42
The debt-to-assets ratio for Ball Corp. has exhibited fluctuations over the past eight quarters. The ratio, which represents the proportion of the company's assets financed by debt, ranged from 0.41 to 0.48 during this period.
In Q1 2022, the ratio was at its lowest at 0.41, indicating that a smaller portion of Ball Corp.'s assets were financed by debt. Subsequently, the ratio experienced an upward trend, reaching 0.48 in Q2, Q3, and Q4 2023, potentially suggesting an increase in debt relative to assets over time.
Overall, the debt-to-assets ratio for Ball Corp. has remained relatively within the range of 0.41 to 0.48, indicating a moderate level of debt utilization to finance its assets. It would be important to further investigate the reasons behind the fluctuations in this ratio to assess the company's risk exposure and financial strategy.
Peer comparison
Dec 31, 2023