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
Ball (NYSE:BALL) Takes On Some Risk With Its Use Of Debt
Aug 28
Is Ball (NYSE:BALL) A Risky Investment?
May 21Does Ball (NYSE:BALL) Have A Healthy Balance Sheet?
Nov 13Ball (NYSE:BALL) Seems To Be Using A Lot Of Debt
Aug 13Recent updates
Ball's (NYSE:BALL) Dividend Will Be $0.20
Oct 27Investors Appear Satisfied With Ball Corporation's (NYSE:BALL) Prospects
Oct 14Ball Corporation's (NYSE:BALL) Intrinsic Value Is Potentially 57% Above Its Share Price
Sep 28Ball (NYSE:BALL) Takes On Some Risk With Its Use Of Debt
Aug 28Ball Q2: Consistent Global Beverage Can Volume Growth
Aug 18Ball (NYSE:BALL) Has Announced A Dividend Of $0.20
Jul 29Ball Corporation: Insufficient Runway To Deploy Capital For Growth Or Competitive Gain
Jul 23At US$60.03, Is Ball Corporation (NYSE:BALL) Worth Looking At Closely?
Jul 05Is There An Opportunity With Ball Corporation's (NYSE:BALL) 25% Undervaluation?
Jun 20With Ball Corporation (NYSE:BALL) It Looks Like You'll Get What You Pay For
Jun 05Is Ball (NYSE:BALL) A Risky Investment?
May 21Ball (NYSE:BALL) Has Announced A Dividend Of $0.20
May 02Estimating The Intrinsic Value Of Ball Corporation (NYSE:BALL)
Mar 09Ball Corporation (NYSE:BALL) Analysts Just Slashed This Year's Revenue Estimates By 14%
Feb 21Ball (NYSE:BALL) Has Affirmed Its Dividend Of $0.20
Feb 19Ball's (NYSE:BALL) Soft Earnings Are Actually Better Than They Appear
Feb 14Ball (NYSE:BALL) Is Due To Pay A Dividend Of $0.20
Feb 01Is Now An Opportune Moment To Examine Ball Corporation (NYSE:BALL)?
Jan 09Ball Corp. - Keeping An Eye On Debt In 2024
Jan 08Why Investors Shouldn't Be Surprised By Ball Corporation's (NYSE:BALL) P/E
Dec 24Are Investors Undervaluing Ball Corporation (NYSE:BALL) By 31%?
Dec 10Does Ball (NYSE:BALL) Have A Healthy Balance Sheet?
Nov 13Ball (NYSE:BALL) Will Pay A Dividend Of $0.20
Oct 29Ball Corporation: Aerospace Divestment Should Create Shareholder Value
Oct 26At US$50.55, Is It Time To Put Ball Corporation (NYSE:BALL) On Your Watch List?
Sep 20Ball (NYSE:BALL) Is Due To Pay A Dividend Of $0.20
Aug 18Dividend Challengers Review: Ball Corp.
Aug 15Ball (NYSE:BALL) Seems To Be Using A Lot Of Debt
Aug 13Ball (NYSE:BALL) Is Due To Pay A Dividend Of $0.20
Jul 30Ball Corporation: Waiting For The Economy To Rebound
Jul 10Ball Corporation: A Turbulent Short-Term Could Lie Ahead, Wait For Stability
Jun 20Ball Corporation's (NYSE:BALL) Intrinsic Value Is Potentially 51% Above Its Share Price
Jun 18Ball (NYSE:BALL) Has Affirmed Its Dividend Of $0.20
May 21Ball (NYSE:BALL) Is Due To Pay A Dividend Of $0.20
May 06The Return Trends At Ball (NYSE:BALL) Look Promising
May 02Financial Position Analysis
Short Term Liabilities: BALL's short term assets ($5.6B) exceed its short term liabilities ($5.1B).
Long Term Liabilities: BALL's short term assets ($5.6B) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: BALL's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: BALL's debt to equity ratio has reduced from 201.6% to 85.5% over the past 5 years.
Debt Coverage: BALL's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: BALL's interest payments on its debt are well covered by EBIT (4.8x coverage).