Ball Balance Sheet Health
Financial Health criteria checks 2/6
Ball has a total shareholder equity of $3.8B and total debt of $8.6B, which brings its debt-to-equity ratio to 223.1%. Its total assets and total liabilities are $19.3B and $15.5B respectively. Ball's EBIT is $1.4B making its interest coverage ratio 3.1. It has cash and short-term investments of $706.0M.
Key information
223.1%
Debt to equity ratio
US$8.56b
Debt
Interest coverage ratio | 3.1x |
Cash | US$706.00m |
Equity | US$3.84b |
Total liabilities | US$15.47b |
Total assets | US$19.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HL5's short term assets ($4.9B) do not cover its short term liabilities ($6.2B).
Long Term Liabilities: 0HL5's short term assets ($4.9B) do not cover its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: 0HL5's net debt to equity ratio (204.7%) is considered high.
Reducing Debt: 0HL5's debt to equity ratio has increased from 188.9% to 223.1% over the past 5 years.
Debt Coverage: 0HL5's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 0HL5's interest payments on its debt are well covered by EBIT (3.1x coverage).