Berry Global Group Inc (BERY)
Quick ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,095,000 | 1,203,000 | 1,410,000 | 1,091,000 | 750,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 1,604,000 | 1,568,000 | 1,777,000 | 1,879,000 | 1,469,000 |
| Total current liabilities | US$ in thousands | 3,672,000 | 2,713,000 | 2,844,000 | 3,186,000 | 2,183,000 |
| Quick ratio | 0.74 | 1.02 | 1.12 | 0.93 | 1.02 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,095,000K
+ $—K
+ $1,604,000K)
÷ $3,672,000K
= 0.74
The quick ratio for Berry Global Group Inc has fluctuated over the past five years. In 2024, the quick ratio stands at 0.74, showing a decline from the previous year. This ratio indicates that the company may face challenges in meeting its short-term obligations with its most liquid assets. It is important to closely monitor the company's ability to convert current assets into cash quickly in order to settle its current liabilities. The trend of decreasing quick ratio may raise concerns about the company's liquidity position and efficiency in managing short-term financial obligations. Additional analysis and investigation into the company's current assets and liabilities structure are recommended to understand the factors influencing this trend.
Peer comparison
Sep 30, 2024