Berry Global Group Inc (BERY)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,533,000 | 5,164,000 | 5,094,000 | 3,817,000 | 3,757,000 |
| Total current liabilities | US$ in thousands | 2,713,000 | 2,844,000 | 3,186,000 | 2,183,000 | 2,039,000 |
| Current ratio | 1.67 | 1.82 | 1.60 | 1.75 | 1.84 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,533,000K ÷ $2,713,000K
= 1.67
The current ratio of Berry Global Group Inc has displayed some fluctuation over the past five years. As of September 30, 2023, the current ratio stands at 1.67, indicating a slight decline from the previous year's ratio of 1.82. The current ratio for the company was at its highest in 2019 at 1.84. This ratio suggests that the company had $1.67 in current assets for every $1 of current liabilities as of the most recent reporting period. While the current ratio has decreased from the prior year, it still indicates that the company has a relatively strong ability to cover its short-term liabilities with its current assets. Nonetheless, the declining trend in the ratio may indicate a need for further scrutiny of the company's liquidity management.
Peer comparison
Sep 30, 2023