Berry Global Group Inc (BERY)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,095,000 | 509,000 | 494,000 | 507,000 | 1,203,000 | 633,000 | 696,000 | 717,000 | 1,410,000 | 527,000 | 622,000 | 582,000 | 1,091,000 | 804,000 | 843,000 | 847,000 | 750,000 | 906,000 | 953,000 | 673,000 |
| Short-term investments | US$ in thousands | — | — | — | 495,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,672,000 | 2,268,000 | 2,341,000 | 2,370,000 | 2,713,000 | 2,325,000 | 2,320,000 | 2,255,000 | 2,844,000 | 2,630,000 | 2,744,000 | 2,664,000 | 3,186,000 | 2,879,000 | 2,498,000 | 2,295,000 | 2,183,000 | 1,995,000 | 2,202,000 | 2,077,000 |
| Cash ratio | 0.30 | 0.22 | 0.21 | 0.42 | 0.44 | 0.27 | 0.30 | 0.32 | 0.50 | 0.20 | 0.23 | 0.22 | 0.34 | 0.28 | 0.34 | 0.37 | 0.34 | 0.45 | 0.43 | 0.32 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,095,000K
+ $—K)
÷ $3,672,000K
= 0.30
The cash ratio of Berry Global Group Inc has shown some fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
Looking at the data provided:
- The cash ratio ranged from 0.20 to 0.50 over the past five quarters.
- The ratio was at its lowest in the second quarter of 2022 at 0.20, indicating weaker liquidity, but it increased significantly to 0.50 in the third quarter of 2022, reflecting a strong improvement.
- In the most recent quarter, the cash ratio decreased to 0.30 from the previous quarter's 0.22, suggesting a slight decline in liquidity.
Overall, while the company's cash ratio has fluctuated, it generally indicates that Berry Global Group Inc has maintained a reasonable level of cash to cover its short-term obligations. However, management should continue to monitor and manage its cash position effectively to ensure liquidity remains adequate to meet any upcoming financial obligations.
Peer comparison
Sep 30, 2024