Berry Global Group Inc (BERY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,216,000K
= 0.00
The debt-to-equity ratio of Berry Global Group Inc has shown a declining trend over the past five years. As of September 30, 2023, the ratio stands at 2.79, down from 2.90 in the previous year and 2.97 in the year before that. This indicates an improvement in the company's capital structure and suggests a decreasing reliance on debt financing relative to equity. However, it is important to note that the ratio was significantly higher at 4.89 in 2020 and 7.02 in 2019, indicating a reduction in financial leverage and a potentially more conservative approach to capital structure. This may reflect management's efforts to strengthen the company's financial position and reduce financial risk. Overall, the decreasing trend in the debt-to-equity ratio signifies a potential improvement in the company's long-term solvency and financial stability.
Peer comparison
Sep 30, 2023