Ball Corporation (BALL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,769,000 | 3,938,000 | 3,836,000 | 3,639,000 | 3,461,000 | 3,479,000 | 3,465,000 | 3,898,000 | 3,627,000 | 3,704,000 | 3,639,000 | 3,492,000 | 3,275,000 | 2,886,000 | 2,762,000 | 2,630,000 | 2,949,000 | 3,365,000 | 3,460,000 | 3,546,000 |
| Debt-to-capital ratio | 0.68 | 0.69 | 0.70 | 0.70 | 0.70 | 0.69 | 0.71 | 0.68 | 0.69 | 0.71 | 0.69 | 0.70 | 0.72 | 0.73 | 0.72 | 0.74 | 0.68 | 0.66 | 0.67 | 0.65 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,070,000K ÷ ($8,070,000K + $3,769,000K)
= 0.68
The debt-to-capital ratio of Ball Corp. has been relatively stable over the past eight quarters, ranging from 0.69 to 0.73. This indicates that the company's level of debt relative to its total capital has been consistent. A ratio above 0.5 suggests that Ball Corp. relies on debt to finance a significant portion of its operations and investments. While the ratios have fluctuated slightly, the company appears to maintain a moderate level of leverage in its capital structure. It is important for investors and creditors to assess the company's ability to manage its debt obligations and the associated financial risks.
Peer comparison
Dec 31, 2023