Berry Global Group Inc (BERY)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,613,000 | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,613,000K
= 0.00
The debt-to-assets ratio for Berry Global Group Inc has consistently been reported as 0.00 for the past five years, from September 30, 2020, to September 30, 2024. This ratio suggests that the company has had no debt obligations in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 typically indicates that the company has funded its operations and investments primarily with equity rather than debt. This can be considered a positive sign as it implies lower financial risk due to the absence of debt leverage. However, it is important to note that while a very low debt-to-assets ratio can be beneficial for financial stability and flexibility, it may also indicate underutilization of debt as a source of cheaper financing for potential growth opportunities.
Peer comparison
Sep 30, 2024