Berry Global Group Inc (BERY)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,574,000 | 4,533,000 | 5,164,000 | 5,094,000 | 3,817,000 |
| Total current liabilities | US$ in thousands | 3,672,000 | 2,713,000 | 2,844,000 | 3,186,000 | 2,183,000 |
| Current ratio | 1.25 | 1.67 | 1.82 | 1.60 | 1.75 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,574,000K ÷ $3,672,000K
= 1.25
The current ratio of Berry Global Group Inc has shown some fluctuations over the past five years. In the most recent fiscal year ending September 30, 2024, the current ratio was 1.25, indicating that the company had $1.25 in current assets for every $1 in current liabilities. This represents a decline from the previous year's ratio of 1.67.
The downward trend in the current ratio suggests that Berry Global Group Inc may be facing challenges in managing its short-term obligations relative to its current assets. A ratio below 1 would imply that the company may have difficulty meeting its short-term liabilities with its current assets.
While the current ratio for the company has fluctuated over the years, it is important to consider the industry benchmarks and compare the company's current ratio with its peers to gain a better understanding of its liquidity position and financial health. Further analysis of the components of current assets and current liabilities would provide deeper insights into the company's liquidity management and working capital efficiency.
Peer comparison
Sep 30, 2024