Ball Corporation (BALL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 17,628,000 | 18,824,000 | 18,961,000 | 19,898,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 7,469,000 | 6,683,000 | 6,913,000 | 7,308,000 | 3,769,000 | 4,008,000 | 3,905,000 | 3,639,000 | 3,527,000 | 3,479,000 | 3,465,000 | 3,898,000 | 3,685,000 | 3,765,000 | 3,701,000 | 3,554,000 | 3,337,000 | 2,953,000 | 2,830,000 | 2,700,000 |
| Financial leverage ratio | 2.36 | 2.82 | 2.74 | 2.72 | 5.12 | 4.97 | 5.17 | 5.53 | 5.64 | 5.76 | 6.04 | 5.37 | 5.35 | 5.35 | 5.17 | 5.06 | 5.47 | 5.75 | 5.87 | 6.13 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $17,628,000K ÷ $7,469,000K
= 2.36
The financial leverage ratio for Ball Corporation has shown a declining trend from March 31, 2020, where it stood at 6.13, to December 31, 2024, where it decreased to 2.36. This indicates that the company's reliance on debt to finance its operations has decreased over the years, reflecting a strengthening financial position with greater equity financing compared to debt financing. However, the ratio experienced fluctuations over the period, reaching its lowest point by March 31, 2024. Overall, a lower financial leverage ratio signifies lower financial risk and greater solvency for Ball Corporation.
Peer comparison
Dec 31, 2024