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Ball (BALL) Debt-to-Equity : 2.27 (As of Dec. 2023)


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What is Ball Debt-to-Equity?

Ball's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,065 Mil. Ball's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,504 Mil. Ball's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,769 Mil. Ball's debt to equity for the quarter that ended in Dec. 2023 was 2.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ball's Debt-to-Equity or its related term are showing as below:

BALL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.77   Med: 2.37   Max: 4.04
Current: 2.27

During the past 13 years, the highest Debt-to-Equity Ratio of Ball was 4.04. The lowest was 1.77. And the median was 2.37.

BALL's Debt-to-Equity is ranked worse than
93.82% of 340 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs BALL: 2.27

Ball Debt-to-Equity Historical Data

The historical data trend for Ball's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ball Debt-to-Equity Chart

Ball Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 2.47 2.25 2.59 2.27

Ball Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 2.78 2.66 2.55 2.27

Competitive Comparison of Ball's Debt-to-Equity

For the Packaging & Containers subindustry, Ball's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ball's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ball's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ball's Debt-to-Equity falls into.



Ball Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ball's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Ball's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ball  (NYSE:BALL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Ball Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ball's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Ball (BALL) Business Description

Traded in Other Exchanges
Address
9200 West 108th Circle, Westminster, CO, USA, 80021
Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the U.S. defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports four segments—beverage packaging, North and Central America (44% of revenue), beverage packaging, EMEA (25%), beverage packaging, South America (14%), aerospace (14%)—and it generated $15.3 billion in revenue in 2022.
Executives
Ronald J. Lewis officer: SR VP & COO C/O COCA-COLA ENTERPRISES, 2500 WINDY RIDGE PARKWAY, NW, 14TH FLOOR, ATLANTA GA 30339
Howard H Yu officer: E.V.P and C.F.O 250 S. KRAEMER BLVD., BREA CA 92821
Hannah S. Lim officer: SVP, CLO & CORP SEC 2135 WEST MAPLE ROAD, TROY MI 48084
Deron Goodwin officer: Vice President & Treasurer 9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
David A Kaufman officer: President, Ball Aerospace 9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
John A Hayes officer: VP, CORP STR, MKTG & PROD DEV C/O BALL CORP, 10 LONGS PEAK DR, BROOMFIELD CO 80021-2510
Daniel William Fisher officer: Sr VP & COO Global Bev Pkg 2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023
Cynthia Niekamp director PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Betty J. Sapp director C/O BALL CORPORATION, 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510
Stacey J. Panayiotou officer: SVP and CHRO 9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
Nate C Carey officer: Vice President & Controller 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021
Dune Ives director 9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
Pedro Henrique Mariani director 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021
Michael J Cave director C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Georgia R Nelson director C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626