Berry Global Group Inc (BERY)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 | 16,469,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,587,000K
= 0.00
The debt-to-assets ratio of Berry Global Group Inc has exhibited a fluctuating trend over the past five years. The ratio decreased from 0.69 in Sep 28, 2019, to 0.61 in Sep 26, 2020, indicating a reduction in the proportion of debt relative to total assets. However, the ratio then declined further to 0.53 in Oct 2, 2021, before rising slightly to 0.55 in Oct 1, 2022, and then to 0.54 in Sep 30, 2023.
This fluctuation suggests that the company's level of debt in relation to its total assets has not followed a consistent trajectory, and may be influenced by various factors such as changes in borrowing or investment strategies. It would be advisable for stakeholders to closely monitor this ratio to assess the company's financial leverage and risk management.
Peer comparison
Sep 30, 2023