Ball Balance Sheet Health
Financial Health criteria checks 3/6
Ball has a total shareholder equity of $6.8B and total debt of $5.8B, which brings its debt-to-equity ratio to 85.5%. Its total assets and total liabilities are $18.8B and $12.1B respectively. Ball's EBIT is $1.4B making its interest coverage ratio 4.8. It has cash and short-term investments of $1.4B.
Key information
85.5%
Debt to equity ratio
US$5.78b
Debt
| Interest coverage ratio | 4.8x |
| Cash | US$1.45b |
| Equity | US$6.76b |
| Total liabilities | US$12.07b |
| Total assets | US$18.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B1LL34's short term assets ($5.6B) exceed its short term liabilities ($5.1B).
Long Term Liabilities: B1LL34's short term assets ($5.6B) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: B1LL34's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: B1LL34's debt to equity ratio has reduced from 201.6% to 85.5% over the past 5 years.
Debt Coverage: B1LL34's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: B1LL34's interest payments on its debt are well covered by EBIT (4.8x coverage).