Berry Global Group Balance Sheet Health
Financial Health criteria checks 3/6
Berry Global Group has a total shareholder equity of $3.3B and total debt of $8.9B, which brings its debt-to-equity ratio to 268.3%. Its total assets and total liabilities are $16.1B and $12.8B respectively. Berry Global Group's EBIT is $1.1B making its interest coverage ratio 3.7. It has cash and short-term investments of $507.0M.
Key information
268.3%
Debt to equity ratio
US$8.93b
Debt
Interest coverage ratio | 3.7x |
Cash | US$507.00m |
Equity | US$3.33b |
Total liabilities | US$12.82b |
Total assets | US$16.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HN1's short term assets ($4.0B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: 0HN1's short term assets ($4.0B) do not cover its long term liabilities ($10.4B).
Debt to Equity History and Analysis
Debt Level: 0HN1's net debt to equity ratio (253.1%) is considered high.
Reducing Debt: 0HN1's debt to equity ratio has reduced from 395% to 268.3% over the past 5 years.
Debt Coverage: 0HN1's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 0HN1's interest payments on its debt are well covered by EBIT (3.7x coverage).