Berry Global Group Inc (BERY)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,608,000 | 3,216,000 | 3,196,000 | 3,180,000 | 2,092,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,608,000K)
= 0.00
The debt-to-capital ratio for Berry Global Group Inc has consistently been reported as 0.00 for the past five years, indicating that the company has not used any debt to finance its operations relative to its capital structure. This suggests that the company's capital structure is primarily composed of equity, which may imply a lower financial risk compared to companies with higher debt levels. It is important to note that a debt-to-capital ratio of 0.00 may also indicate that the company has minimal or no debt obligations, which could be a strategic decision to maintain financial flexibility and stability. Overall, the consistent 0.00 ratio over the past five years highlights Berry Global Group Inc's conservative approach to debt management.
Peer comparison
Sep 30, 2024