Ball Long Term Debt Total vs Net Debt Analysis

BALL Stock

USD 70.72 0.92 1.32%

Ball financial indicator trend analysis is way more than just evaluating Ball prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ball is a good investment. Please check the relationship between Ball Long Term Debt Total and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ball Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Long Term Debt Total vs Net Debt

Long Term Debt Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ball Long Term Debt Total account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ball's Long Term Debt Total and Net Debt is -0.48. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Ball Corporation, assuming nothing else is changed. The correlation between historical values of Ball's Long Term Debt Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Ball Corporation are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Debt Total i.e., Ball's Long Term Debt Total and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Debt Total

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Ball's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ball current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ball Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Ball's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 102.5 M this year, although the value of Issuance Of Capital Stock will most likely fall to about 34.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	2.6B	2.7B	2.8B
Total Revenue	13.8B	15.3B	14.0B	14.7B

Gross Profit Total Revenue

Ball fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.99	0.87	0.94	0.97	0.93	0.98	0.92	0.64	0.99	0.39	0.64	0.95	0.24	0.98	0.76	0.7	-0.42	1.0	0.97	0.49	0.96	0.8	0.74	0.28	0.89
Short Long Term Debt Total	0.99		0.87	0.93	0.93	0.93	0.99	0.93	0.65	0.98	0.44	0.65	0.92	0.18	0.97	0.75	0.7	-0.46	0.99	0.96	0.55	0.93	0.75	0.73	0.27	0.86
Other Current Liab	0.87	0.87		0.95	0.81	0.97	0.88	0.92	0.47	0.9	0.24	0.47	0.92	0.34	0.77	0.57	0.76	-0.56	0.87	0.88	0.67	0.83	0.48	0.56	0.54	0.59
Total Current Liabilities	0.94	0.93	0.95		0.87	0.96	0.92	0.94	0.6	0.93	0.34	0.6	0.97	0.26	0.85	0.73	0.71	-0.56	0.95	0.97	0.67	0.92	0.64	0.7	0.49	0.72
Total Stockholder Equity	0.97	0.93	0.81	0.87		0.89	0.93	0.83	0.57	0.97	0.24	0.57	0.9	0.38	0.94	0.71	0.61	-0.23	0.95	0.9	0.42	0.93	0.87	0.65	0.16	0.92
Property Plant And Equipment Net	0.93	0.93	0.97	0.96	0.89		0.94	0.96	0.48	0.96	0.28	0.48	0.97	0.27	0.86	0.67	0.79	-0.56	0.93	0.93	0.57	0.9	0.58	0.66	0.44	0.7
Net Debt	0.98	0.99	0.88	0.92	0.93	0.94		0.94	0.53	0.98	0.44	0.53	0.94	0.16	0.96	0.77	0.71	-0.48	0.98	0.94	0.52	0.93	0.71	0.72	0.23	0.83
Retained Earnings	0.92	0.93	0.92	0.94	0.83	0.96	0.94		0.54	0.93	0.4	0.54	0.94	0.06	0.88	0.7	0.84	-0.72	0.94	0.94	0.56	0.9	0.54	0.8	0.36	0.68
Cash	0.64	0.65	0.47	0.6	0.57	0.48	0.53	0.54		0.6	0.22	1.0	0.48	0.22	0.65	0.34	0.34	-0.19	0.66	0.68	0.47	0.53	0.66	0.49	0.38	0.64
Non Current Assets Total	0.99	0.98	0.9	0.93	0.97	0.96	0.98	0.93	0.6		0.35	0.6	0.94	0.28	0.96	0.69	0.73	-0.42	0.98	0.94	0.5	0.94	0.76	0.69	0.27	0.85
Non Currrent Assets Other	0.39	0.44	0.24	0.34	0.24	0.28	0.44	0.4	0.22	0.35		0.22	0.33	-0.36	0.47	0.4	0.29	-0.37	0.43	0.35	-0.02	0.45	0.24	0.35	0.05	0.27
Cash And Short Term Investments	0.64	0.65	0.47	0.6	0.57	0.48	0.53	0.54	1.0	0.6	0.22		0.48	0.22	0.65	0.34	0.34	-0.19	0.66	0.68	0.47	0.53	0.66	0.49	0.38	0.64
Net Receivables	0.95	0.92	0.92	0.97	0.9	0.97	0.94	0.94	0.48	0.94	0.33	0.48		0.23	0.88	0.78	0.76	-0.56	0.95	0.96	0.53	0.95	0.64	0.73	0.41	0.75
Common Stock Shares Outstanding	0.24	0.18	0.34	0.26	0.38	0.27	0.16	0.06	0.22	0.28	-0.36	0.22	0.23		0.15	-0.17	0.01	0.43	0.2	0.2	0.2	0.2	0.35	-0.34	0.28	0.21
Non Current Liabilities Total	0.98	0.97	0.77	0.85	0.94	0.86	0.96	0.88	0.65	0.96	0.47	0.65	0.88	0.15		0.75	0.68	-0.38	0.98	0.93	0.36	0.93	0.82	0.75	0.17	0.91
Inventory	0.76	0.75	0.57	0.73	0.71	0.67	0.77	0.7	0.34	0.69	0.4	0.34	0.78	-0.17	0.75		0.49	-0.46	0.77	0.79	0.38	0.78	0.64	0.84	0.14	0.77
Other Current Assets	0.7	0.7	0.76	0.71	0.61	0.79	0.71	0.84	0.34	0.73	0.29	0.34	0.76	0.01	0.68	0.49		-0.74	0.72	0.74	0.31	0.67	0.26	0.67	0.41	0.42
Other Stockholder Equity	-0.42	-0.46	-0.56	-0.56	-0.23	-0.56	-0.48	-0.72	-0.19	-0.42	-0.37	-0.19	-0.56	0.43	-0.38	-0.46	-0.74		-0.47	-0.55	-0.44	-0.45	0.1	-0.7	-0.35	-0.09
Total Liab	1.0	0.99	0.87	0.95	0.95	0.93	0.98	0.94	0.66	0.98	0.43	0.66	0.95	0.2	0.98	0.77	0.72	-0.47		0.98	0.5	0.96	0.78	0.75	0.31	0.87
Total Current Assets	0.97	0.96	0.88	0.97	0.9	0.93	0.94	0.94	0.68	0.94	0.35	0.68	0.96	0.2	0.93	0.79	0.74	-0.55	0.98		0.58	0.94	0.72	0.79	0.42	0.82
Short Term Debt	0.49	0.55	0.67	0.67	0.42	0.57	0.52	0.56	0.47	0.5	-0.02	0.47	0.53	0.2	0.36	0.38	0.31	-0.44	0.5	0.58		0.39	0.23	0.39	0.41	0.31
Accounts Payable	0.96	0.93	0.83	0.92	0.93	0.9	0.93	0.9	0.53	0.94	0.45	0.53	0.95	0.2	0.93	0.78	0.67	-0.45	0.96	0.94	0.39		0.78	0.74	0.22	0.83
Intangible Assets	0.8	0.75	0.48	0.64	0.87	0.58	0.71	0.54	0.66	0.76	0.24	0.66	0.64	0.35	0.82	0.64	0.26	0.1	0.78	0.72	0.23	0.78		0.53	-0.03	0.96
Common Stock	0.74	0.73	0.56	0.7	0.65	0.66	0.72	0.8	0.49	0.69	0.35	0.49	0.73	-0.34	0.75	0.84	0.67	-0.7	0.75	0.79	0.39	0.74	0.53		0.08	0.68
Current Deferred Revenue	0.28	0.27	0.54	0.49	0.16	0.44	0.23	0.36	0.38	0.27	0.05	0.38	0.41	0.28	0.17	0.14	0.41	-0.35	0.31	0.42	0.41	0.22	-0.03	0.08		0.02
Good Will	0.89	0.86	0.59	0.72	0.92	0.7	0.83	0.68	0.64	0.85	0.27	0.64	0.75	0.21	0.91	0.77	0.42	-0.09	0.87	0.82	0.31	0.83	0.96	0.68	0.02

Click cells to compare fundamentals

Ball Account Relationship Matchups

Ball fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.4B	18.3B	19.7B	19.9B	19.3B	20.3B
Short Long Term Debt Total	7.8B	7.8B	7.7B	8.9B	8.6B	9.0B
Other Current Liab	618M	587M	750M	890M	1.0B	1.1B
Total Current Liabilities	5.6B	4.4B	6.0B	7.0B	6.2B	6.5B
Total Stockholder Equity	3.0B	3.3B	3.7B	3.5B	3.8B	4.0B
Property Plant And Equipment Net	4.5B	5.4B	6.5B	7.1B	7.8B	8.2B
Net Debt	6.0B	6.4B	7.2B	8.4B	7.9B	8.3B
Retained Earnings	5.8B	6.2B	6.8B	7.3B	7.8B	8.2B
Cash	1.8B	1.4B	563M	548M	695M	729.8M
Non Current Assets Total	12.5B	13.6B	14.5B	14.4B	16.6B	17.4B
Non Currrent Assets Other	1.1B	1.3B	1.6B	1.4B	675M	547.7M
Cash And Short Term Investments	1.8B	1.4B	563M	548M	695M	729.8M
Net Receivables	1.6B	1.7B	2.6B	2.6B	2.3B	2.5B
Common Stock Shares Outstanding	340.1M	332.8M	331.6M	320.0M	317.0M	385.1M
Liabilities And Stockholders Equity	17.4B	18.3B	19.7B	19.9B	19.3B	20.3B
Non Current Liabilities Total	8.8B	10.5B	10.1B	9.4B	9.3B	9.7B
Inventory	1.3B	1.4B	1.8B	2.2B	1.6B	861.6M
Other Current Assets	181M	218M	305M	168M	295M	309.8M
Other Stockholder Equity	(3.1B)	(3.1B)	(3.8B)	(4.4B)	(4.4B)	(4.2B)
Total Liab	14.3B	14.9B	16.0B	16.4B	15.5B	16.2B
Total Current Assets	4.9B	4.7B	5.2B	5.5B	4.9B	5.1B
Accumulated Other Comprehensive Income	(910M)	(954M)	(582M)	(679M)	(916M)	(870.2M)
Short Term Debt	1.5B	17M	15M	1.4B	1.1B	1.1B
Accounts Payable	3.1B	3.4B	4.8B	4.4B	3.8B	3.9B
Intangible Assets	2.0B	1.9B	1.7B	1.4B	1.3B	885.3M
Common Stock	1.2B	1.2B	1.2B	1.3B	1.3B	985.0M
Current Deferred Revenue	343M	410M	429M	327M	333M	349.7M
Good Will	4.4B	4.5B	4.4B	4.2B	4.3B	3.3B
Other Liab	2.2B	2.5B	2.0B	1.5B	1.3B	1.7B
Net Tangible Assets	(3.5B)	(3.1B)	(2.4B)	3.5B	4.0B	4.2B
Other Assets	1.1B	1.2B	1.3B	1.1B	1.3B	1.3B
Long Term Debt	6.3B	7.8B	7.7B	7.5B	7.5B	8.0B
Net Invested Capital	10.8B	11.1B	11.4B	12.5B	12.3B	12.5B
Long Term Investments	291M	321M	184M	193M	212M	200.4M
Short Long Term Debt	1.5B	17M	15M	1.4B	1.1B	770.7M
Capital Stock	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B
Non Current Liabilities Other	199M	441M	144M	1.8B	458M	616.6M
Net Working Capital	(693M)	231M	(730M)	(1.5B)	(1.3B)	(1.2B)
Property Plant Equipment	4.7B	5.7B	6.9B	7.5B	8.6B	6.4B

Pair Trading with Ball

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ball position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ball will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ball Stock

0.92

AVY

Avery Dennison Corp

Pair Corr

Moving against Ball Stock

0.72	JL	J Long Group	Pair Corr
0.58	BERY	Berry Global Group Financial Report 2nd of May 2024	Pair Corr
0.45	CCK	Crown Holdings Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Ball could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ball when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ball - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ball Corporation to buy it.

The correlation of Ball is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ball moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ball moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ball can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ball is a strong investment it is important to analyze Ball's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ball's future performance. For an informed investment choice regarding Ball Stock, refer to the following important reports:

How To Invest In Ball

Details

Is Ball Stock a good investment?

Details

What is Ball's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ball Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Ball's price analysis, check to measure Ball's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ball is operating at the current time. Most of Ball's value examination focuses on studying past and present price action to predict the probability of Ball's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ball's price. Additionally, you may evaluate how the addition of Ball to your portfolios can decrease your overall portfolio volatility.

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Is Ball's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ball. If investors know Ball will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ball listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

19.893

Dividend Share

0.8

Earnings Share

2.23

Revenue Per Share

44.203

Quarterly Revenue Growth

(0.18)

The market value of Ball is measured differently than its book value, which is the value of Ball that is recorded on the company's balance sheet. Investors also form their own opinion of Ball's value that differs from its market value or its book value, called intrinsic value, which is Ball's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ball's market value can be influenced by many factors that don't directly affect Ball's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ball's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ball is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ball's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Ball Long Term Debt Total vs Net Debt Analysis

Long Term Debt Total vs Net Debt

Long Term Debt Total vs Net Debt Correlation Analysis

Correlation Coefficient

Long Term Debt Total

Net Debt

Ball fundamental ratios Correlations

Ball Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ball fundamental ratios Accounts

Pair Trading with Ball

Moving together with Ball Stock

Moving against Ball Stock

Complementary Tools for Ball Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.74	Other Current Assets
Other Stockholder Equity	- 0.72	Retained Earnings
Common Stock	- 0.7	Other Stockholder Equity
Other Stockholder Equity	- 0.56	Net Receivables
Other Stockholder Equity	- 0.56	Property Plant And Equipment Net
Other Stockholder Equity	- 0.56	Total Current Liabilities