Berry Global Group Inc (BERY)

Debt-to-equity ratio

Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 3,608,000 3,371,000 3,294,000 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
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

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,608,000K
= 0.00

Based on the data provided, the debt-to-equity ratio of Berry Global Group Inc has consistently been reported as 0.00 over a series of consecutive quarters. A debt-to-equity ratio of 0.00 indicates that the company has no debt or minimal debt relative to its equity. This suggests that Berry Global Group Inc is primarily financed by equity rather than debt, which can be viewed positively from a financial risk perspective as a lower ratio indicates lower financial leverage and potential financial risk. However, it is important to consider other financial metrics and qualitative factors to assess the overall financial health and performance of the company.


Peer comparison

Sep 30, 2024

Company name
Symbol
Debt-to-equity ratio
Berry Global Group Inc
BERY
0.00
AptarGroup Inc
ATR
0.26
Armstrong World Industries Inc
AWI
0.95
Newell Brands Inc
NWL
1.47