Ball Corporation (BALL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 5.12 | 5.06 | 5.26 | 5.53 | 5.75 | 5.76 | 6.04 | 5.37 | 5.44 | 5.44 | 5.26 | 5.15 | 5.57 | 5.88 | 6.01 | 6.29 | 5.89 | 4.83 | 4.94 | 4.77 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,303,000K ÷ $3,769,000K
= 5.12
The financial leverage ratio measures the extent to which a company's operations are funded by debt relative to equity. Ball Corp.'s financial leverage ratio has shown fluctuations over the past eight quarters.
The ratio has ranged from a low of 5.06 in Q3 2023 to a high of 6.04 in Q2 2022. This indicates that the company relies more on debt financing in Q2 2022 compared to the other quarters.
The downward trend in the ratio from Q1 2023 to Q3 2023 suggests that Ball Corp. has been decreasing its reliance on debt in funding its operations. However, the ratio increased in Q4 2023 to 5.12, indicating a slight uptick in the proportion of debt relative to equity.
Overall, the trend in Ball Corp.'s financial leverage ratio signals fluctuations in its capital structure and financing decisions. It is important for investors and stakeholders to closely monitor these changes to assess the company's risk levels and financial stability.
Peer comparison
Dec 31, 2023