Berry Global Group Inc (BERY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,095,000 | 509,000 | 494,000 | 507,000 | 1,203,000 | 633,000 | 696,000 | 717,000 | 1,410,000 | 527,000 | 622,000 | 582,000 | 1,091,000 | 804,000 | 843,000 | 847,000 | 750,000 | 906,000 | 953,000 | 673,000 |
| Short-term investments | US$ in thousands | — | — | — | 495,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,604,000 | 1,630,000 | 1,590,000 | 1,497,000 | 1,568,000 | 1,748,000 | — | 1,617,000 | 1,777,000 | — | — | — | 1,879,000 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.74 | 0.94 | 0.89 | 1.05 | 1.02 | 1.02 | 0.30 | 1.04 | 1.12 | 0.20 | 0.23 | 0.22 | 0.93 | 0.28 | 0.34 | 0.37 | 0.34 | 0.45 | 0.43 | 0.32 |
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 of Berry Global Group Inc has fluctuated over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has an appropriate level of liquid assets to cover its short-term liabilities.
From the data provided, we can observe that the quick ratio has shown significant variability. In some quarters, such as December 2023 and September 2022, the quick ratio was comfortably above 1, indicating a good ability to cover short-term liabilities. However, there were also instances, like March 2023 and March 2022, where the quick ratio was significantly below 1, suggesting potential liquidity challenges.
It is important to note that a quick ratio of less than 1 may raise concerns about a company's short-term liquidity and ability to meet its obligations. Investors and creditors typically prefer quick ratios above 1 to ensure the company has sufficient liquid assets to manage its short-term debts. Berry Global Group Inc may need to monitor its quick ratio closely and take appropriate measures to maintain a healthy balance between liquid assets and liabilities.
Peer comparison
Sep 30, 2024