Berry Global Group Inc (BERY)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 750,000 | 255,000 | 353,000 |
| Short-term investments | US$ in thousands | 495,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,483,000 | — | — |
| Total current liabilities | US$ in thousands | 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 | 2,039,000 | 1,156,000 | 1,127,000 |
| Cash ratio | 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 | 1.59 | 0.22 | 0.31 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($507,000K
+ $495,000K)
÷ $2,370,000K
= 0.42
The cash ratio of Berry Global Group Inc has exhibited fluctuating trends over the past few quarters. The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term liabilities.
From the data provided, we observe that the cash ratio ranged from 0.20 to 0.50 in the past year, with the highest value recorded in September 2022 and the lowest in June 2022. This indicates some variability in the company's ability to meet its short-term obligations solely with cash and cash equivalents.
Overall, the average cash ratio for Berry Global Group Inc over this period stands at approximately 0.36, suggesting a moderate level of liquidity. It is essential for the company to monitor its cash position closely to ensure it maintains an adequate level of liquidity to meet its obligations as they come due.
Peer comparison
Dec 31, 2023