Berry Global Group Balance Sheet Health
Financial Health criteria checks 3/6
Berry Global Group has a total shareholder equity of $3.4B and total debt of $9.3B, which brings its debt-to-equity ratio to 275%. Its total assets and total liabilities are $16.5B and $13.2B respectively. Berry Global Group's EBIT is $1.2B making its interest coverage ratio 4. It has cash and short-term investments of $633.0M.
Key information
275.0%
Debt to equity ratio
US$9.32b
Debt
| Interest coverage ratio | 4x |
| Cash | US$633.00m |
| Equity | US$3.39b |
| Total liabilities | US$13.16b |
| Total assets | US$16.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BERY *'s short term assets ($4.3B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: BERY *'s short term assets ($4.3B) do not cover its long term liabilities ($10.8B).
Debt to Equity History and Analysis
Debt Level: BERY *'s net debt to equity ratio (256.3%) is considered high.
Reducing Debt: BERY *'s debt to equity ratio has reduced from 444.8% to 275% over the past 5 years.
Debt Coverage: BERY *'s debt is not well covered by operating cash flow (18.3%).
Interest Coverage: BERY *'s interest payments on its debt are well covered by EBIT (4x coverage).