Ball (BSP:B1LL34) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Ball LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ball's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Ball's long-term debt to total assets ratio declined from Sep. 2023 (0.39) to Sep. 2024 (0.28). It may suggest that Ball is progressively becoming less dependent on debt to grow their business.

Ball LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ball's LT-Debt-to-Total-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.

* Premium members only.

Ball LT-Debt-to-Total-Asset Chart

Ball Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.38

0.44

0.41

0.38

0.39

Ball Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.39	0.28	0.29	0.28

Ball LT-Debt-to-Total-Asset Calculation

Ball's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	36768.099	/	94580.839
	=	0.39

Ball's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	29643.843	/	104243.547
	=	0.28

Ball (BSP:B1LL34) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ball LT-Debt-to-Total-Asset Related Terms

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

Ball Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ball Corp (BSP:B1LL34) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BALL:USA BLL:Mexico 0HL5:UK BL8:Germany BL8:Germany BLL:Austria

Address

9200 West 108th Circle, Westminster, CO, USA, 80021

Website

https://www.ball.com

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 US defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (43% of 2023 revenue), beverage packaging, EMEA (24%), beverage packaging, South America (14%)—and it generated $14 billion in revenue in 2023.

Ball Headlines

No Headlines