Berry Global Group Inc (BERY)

Current 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
Total current assets US$ in thousands 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 3,757,000 2,179,000 2,267,000
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
Current ratio 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 1.84 1.88 2.01

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,950,000K ÷ $2,370,000K
= 1.67

The current ratio of Berry Global Group Inc has shown fluctuations over the past five years but generally indicates a healthy liquidity position. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

Looking at the trend, the current ratio has ranged from a low of 1.59 to a high of 2.01 over the past five years. This suggests that the company has maintained a strong ability to meet its short-term obligations.

In the latest available data, the current ratio stood at 1.67 as of December 31, 2023, compared to 1.88 as of December 31, 2019. This suggests that in the most recent period, the company may have slightly reduced its liquidity compared to the prior year-end. However, the current ratio of 1.67 still indicates that Berry Global Group Inc is able to cover its short-term liabilities comfortably with its current assets.

Overall, based on the current ratio trend, Berry Global Group Inc has generally maintained a healthy liquidity position over the past five years, providing some assurance of its ability to meet its short-term financial obligations.


Peer comparison

Dec 31, 2023