Berry Global Group Inc (BERY)

Debt-to-equity ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 3,328,000 3,216,000 3,387,000 3,295,000 3,259,000 3,196,000 3,109,000 3,320,000 3,294,000 3,180,000 2,953,000 2,646,000 2,445,000 2,092,000 1,869,000 1,651,000 1,786,000 1,618,000 1,546,000 1,531,000
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,328,000K
= 0.00

Based on the provided data, the debt-to-equity ratio of Berry Global Group Inc has been consistently reported as 0.00 across multiple quarters spanning from 2019 to 2023. A debt-to-equity ratio of 0.00 indicates that the company has no financial leverage and is entirely funded by equity. This could suggest a conservative financial strategy where the company relies more on equity financing rather than debt to fund its operations and growth initiatives. It also implies a lower risk of financial distress due to the absence of debt obligations. However, it is important to recognize that a debt-to-equity ratio of 0.00 may not always present the full picture of a company's financial health, as certain liabilities or off-balance sheet financing arrangements may not be captured in this ratio.


Peer comparison

Dec 31, 2023