Berry Global Group Inc (BERY)

Debt-to-capital ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	3,216,000	3,196,000	3,180,000	2,092,000	1,618,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

September 30, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,216,000K)
= 0.00

The debt-to-capital ratio of Berry Global Group Inc has shown a declining trend over the past five years, decreasing from 0.88 in 2019 to 0.74 in 2023. This indicates a positive development in the company's capital structure as it has become less reliant on debt to finance its operations. A lower ratio suggests that a larger portion of the company's capital is sourced from equity rather than debt. This trend may reflect a more conservative approach to leverage, which could be favorable for the company's long-term financial stability.