Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Berry Global Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,328 Mil. Berry Global Group's Total Assets for the quarter that ended in Dec. 2023 was $16,144 Mil.
Therefore, Berry Global Group's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.21.
The historical rank and industry rank for Berry Global Group's Equity-to-Asset or its related term are showing as below:
BERY'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.03 Med: 0.13 Max: 0.21
Current: 0.21
During the past 13 years, the highest Equity to Asset Ratio of Berry Global Group was 0.21. The lowest was -0.03. And the median was 0.13.
BERY's Equity-to-Asset is ranked worse than 91.52% of 389
companies
in the Packaging & Containers industry
Industry Median: 0.56
vs BERY: 0.21
Berry Global Group Equity-to-Asset Historical Data
The historical data trend for Berry Global Group's Equity-to-Asset 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.
For the Packaging & Containers subindustry, Berry Global Group's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Berry Global Group Equity-to-Asset Distribution
For the Packaging & Containers industry and Consumer Cyclical sector, Berry Global Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Berry Global Group's Equity-to-Asset falls into.
Berry Global Group Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Berry Global Group's Equity to Asset Ratio for the fiscal year that ended in Sep. 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.
Berry Global Group (NYSE:BERY) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Berry Global Group Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Berry Global Group's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Berry Global Group (Berry Global Group) Business Description
Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.
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