Berry Global Group Inc (BERY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,574,000 | 4,136,000 | 4,064,000 | 3,950,000 | 4,533,000 | 4,340,000 | 4,531,000 | 4,469,000 | 5,164,000 | 4,716,000 | 4,983,000 | 4,688,000 | 5,094,000 | 4,588,000 | 4,315,000 | 3,983,000 | 3,817,000 | 3,857,000 | 4,053,000 | 3,673,000 |
| 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 |
| Current ratio | 1.25 | 1.82 | 1.74 | 1.67 | 1.67 | 1.87 | 1.95 | 1.98 | 1.82 | 1.79 | 1.82 | 1.76 | 1.60 | 1.59 | 1.73 | 1.74 | 1.75 | 1.93 | 1.84 | 1.77 |
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 fluctuation over the past few quarters, ranging from 1.25 to 1.98. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
In the most recent quarter, the current ratio was 1.25, which indicates that the company may have some difficulty meeting its short-term obligations with its current assets. However, this is only one data point and should be considered in conjunction with trends over prior quarters.
Historically, the company has maintained current ratios above 1.5, which generally suggests good liquidity. The increase in current ratio from the third to the fourth quarter of 2022 suggests an improvement in the company's ability to cover its short-term liabilities.
Overall, although the current ratio has fluctuated, the company has generally maintained a healthy liquidity position based on the ratios observed. It would be advisable to continue monitoring the current ratio in future quarters to assess any potential liquidity risks.
Peer comparison
Sep 30, 2024