Berry Global Group Inc (BERY)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 4.85 | 5.16 | 4.89 | 5.04 | 5.05 | 5.31 | 5.43 | 5.28 | 5.26 | 5.62 | 5.95 | 6.52 | 7.02 | 7.98 | 8.95 | 10.27 | 9.53 | 10.18 | 5.70 | 5.87 |
The solvency ratios of Berry Global Group Inc, as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all consistently show as 0.00 across the periods provided. This suggests that the company has not taken on any debt relative to its assets, capital, or equity during these periods.
However, the financial leverage ratio paints a different picture, indicating that the company has been employing financial leverage to support its operations and growth. The financial leverage ratio has varied over time, ranging from 4.85 to 10.27. This ratio peaked in the March 31, 2020 period and has since fluctuated, suggesting a changing reliance on debt to finance the company's operations.
Overall, while the Berry Global Group Inc does not show any significant debt relative to its assets, capital, or equity based on the presented ratios, the increasing financial leverage ratio indicates a shift in the company's financing strategy towards more leverage over the periods analyzed. This shift may imply increased risk and potential impact on the company's financial stability and performance in the future.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.34 | 4.59 | 4.82 | 5.30 | 5.69 | 5.75 | 5.51 | 5.40 | 5.07 | 3.85 | 5.17 | 7.32 | 12.97 | 393.00 | 9.37 | 5.45 | 3.75 | 2.96 | 2.91 | 2.95 |
Berry Global Group Inc has shown fluctuations in its interest coverage ratio over the periods presented. The interest coverage ratio indicates the company's ability to meet its interest obligations with its earnings.
The interest coverage ratio has generally been above 1, indicating that Berry Global Group Inc has generated enough operating income to cover its interest expenses. It peaked at an exceptionally high level of 393.00 in Q3 2020, signaling a strong ability to cover interest payments during that period.
Overall, the trend shows that the company has maintained a relatively healthy interest coverage ratio, with some periods showing higher coverage than others. It is important to closely monitor this ratio to ensure that the company can continue to meet its interest obligations in the future.