Ball Balance Sheet Health
Financial Health criteria checks 3/6
Ball has a total shareholder equity of $7.4B and total debt of $5.8B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are $19.9B and $12.5B respectively. Ball's EBIT is $1.4B making its interest coverage ratio 3.1. It has cash and short-term investments of $1.7B.
Key information
78.6%
Debt to equity ratio
US$5.80b
Debt
Interest coverage ratio | 3.1x |
Cash | US$1.72b |
Equity | US$7.38b |
Total liabilities | US$12.52b |
Total assets | US$19.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BL8's short term assets ($6.5B) exceed its short term liabilities ($5.4B).
Long Term Liabilities: BL8's short term assets ($6.5B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: BL8's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: BL8's debt to equity ratio has reduced from 195.1% to 78.6% over the past 5 years.
Debt Coverage: BL8's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: BL8's interest payments on its debt are well covered by EBIT (3.1x coverage).