Berry Global Group Inc (BERY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,608,000K
= 0.00
The debt-to-equity ratio of 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 indicates that the company has not utilized any debt to finance its operations during this period, relying solely on equity to fund its activities. While a low debt-to-equity ratio can signal financial stability and lower risk due to lower debt levels, it could also imply missed opportunities for leveraging financial leverage to potentially enhance returns. Further analysis of the company's financial structure and strategic decisions would be necessary to fully assess the implications of its consistently low debt-to-equity ratio.
Peer comparison
Sep 30, 2024