Berry Invested Capital vs Interest Coverage Analysis

BERY Stock

USD 55.94 0.46 0.82%

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

Invested Capital vs Interest Coverage

Invested Capital vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Berry Global Group Invested Capital account and Interest Coverage. At this time, the significance of the direction appears to have pay attention.

The correlation between Berry Global's Invested Capital and Interest Coverage is -0.81. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Berry Global Group, assuming nothing else is changed. The correlation between historical values of Berry Global's Invested Capital and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Berry Global Group are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Invested Capital i.e., Berry Global's Invested Capital and Interest Coverage go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Berry Global Group. There are two different methods for calculating Berry Global Group invested capital: operating approach and financing approach. Understanding Berry Global invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Interest Coverage

Most indicators from Berry Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Berry Global Group 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 Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Berry Global's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 11.32 in 2024, whereas Selling General Administrative is likely to drop slightly above 579.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	286M	306M	351.9M	324.9M
Depreciation And Amortization	820M	818M	940.7M	509.9M

Interest Expense Depreciation And Amortization

Berry Global fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Common Stock Shares Outstanding		0.5	0.36	0.47	0.57	0.47	0.43	0.19	0.46	0.51	0.46	0.39	0.49	-0.22	-0.13	0.52	0.44	0.51	0.52	0.42	0.48	0.5	-0.21	0.47	0.48	-0.13
Total Assets	0.5		0.62	0.97	0.89	0.95	0.85	0.85	0.97	1.0	0.96	0.56	0.99	0.64	-0.18	0.99	0.97	0.87	0.99	0.94	0.89	1.0	-0.47	0.86	0.99	-0.18
Other Current Liab	0.36	0.62		0.65	0.55	0.63	0.73	0.55	0.58	0.62	0.63	0.38	0.61	0.32	-0.61	0.66	0.57	0.75	0.61	0.54	0.73	0.62	-0.37	0.73	0.62	-0.61
Total Current Liabilities	0.47	0.97	0.65		0.89	0.99	0.88	0.86	0.9	0.96	0.99	0.54	0.95	0.54	-0.19	0.95	0.88	0.89	0.94	0.83	0.91	0.95	-0.55	0.88	0.98	-0.19
Other Liab	0.57	0.89	0.55	0.89		0.91	0.76	0.83	0.86	0.88	0.9	0.52	0.89	0.53	-0.07	0.83	0.85	0.77	0.87	0.82	0.79	0.88	-0.31	0.77	0.91	-0.07
Accounts Payable	0.47	0.95	0.63	0.99	0.91		0.87	0.89	0.87	0.93	1.0	0.47	0.92	0.53	-0.17	0.92	0.85	0.88	0.91	0.8	0.89	0.92	-0.54	0.87	0.98	-0.17
Cash	0.43	0.85	0.73	0.88	0.76	0.87		0.75	0.79	0.84	0.88	0.46	0.83	0.45	-0.57	0.84	0.78	0.97	0.83	0.73	0.98	0.84	-0.77	1.0	0.87	-0.57
Other Assets	0.19	0.85	0.55	0.86	0.83	0.89	0.75		0.83	0.82	0.9	0.31	0.85	0.7	-0.12	0.79	0.82	0.72	0.79	0.79	0.75	0.83	-0.37	0.74	0.88	-0.12
Long Term Debt	0.46	0.97	0.58	0.9	0.86	0.87	0.79	0.83		0.98	0.9	0.51	0.99	0.71	-0.18	0.96	1.0	0.8	0.98	0.99	0.82	0.99	-0.36	0.8	0.95	-0.18
Good Will	0.51	1.0	0.62	0.96	0.88	0.93	0.84	0.82	0.98		0.95	0.56	0.99	0.64	-0.19	0.99	0.97	0.86	1.0	0.95	0.88	1.0	-0.44	0.84	0.98	-0.19
Inventory	0.46	0.96	0.63	0.99	0.9	1.0	0.88	0.9	0.9	0.95		0.5	0.94	0.56	-0.19	0.94	0.88	0.89	0.93	0.83	0.9	0.94	-0.55	0.88	0.99	-0.19
Other Current Assets	0.39	0.56	0.38	0.54	0.52	0.47	0.46	0.31	0.51	0.56	0.5		0.57	0.25	-0.14	0.55	0.53	0.45	0.59	0.51	0.49	0.56	-0.23	0.47	0.49	-0.14
Total Liab	0.49	0.99	0.61	0.95	0.89	0.92	0.83	0.85	0.99	0.99	0.94	0.57		0.67	-0.18	0.98	0.99	0.84	0.99	0.96	0.86	1.0	-0.42	0.83	0.98	-0.18
Intangible Assets	-0.22	0.64	0.32	0.54	0.53	0.53	0.45	0.7	0.71	0.64	0.56	0.25	0.67		-0.09	0.58	0.73	0.44	0.64	0.76	0.47	0.66	-0.04	0.42	0.63	-0.09
Common Stock	-0.13	-0.18	-0.61	-0.19	-0.07	-0.17	-0.57	-0.12	-0.18	-0.19	-0.19	-0.14	-0.18	-0.09		-0.21	-0.19	-0.55	-0.2	-0.18	-0.53	-0.2	0.47	-0.56	-0.19	1.0
Property Plant Equipment	0.52	0.99	0.66	0.95	0.83	0.92	0.84	0.79	0.96	0.99	0.94	0.55	0.98	0.58	-0.21		0.95	0.86	0.99	0.92	0.87	0.99	-0.49	0.85	0.97	-0.21
Short Long Term Debt Total	0.44	0.97	0.57	0.88	0.85	0.85	0.78	0.82	1.0	0.97	0.88	0.53	0.99	0.73	-0.19	0.95		0.79	0.98	0.99	0.82	0.98	-0.35	0.79	0.94	-0.19
Total Stockholder Equity	0.51	0.87	0.75	0.89	0.77	0.88	0.97	0.72	0.8	0.86	0.89	0.45	0.84	0.44	-0.55	0.86	0.79		0.85	0.75	1.0	0.86	-0.68	0.98	0.89	-0.55
Property Plant And Equipment Net	0.52	0.99	0.61	0.94	0.87	0.91	0.83	0.79	0.98	1.0	0.93	0.59	0.99	0.64	-0.2	0.99	0.98	0.85		0.96	0.87	1.0	-0.42	0.83	0.97	-0.2
Net Debt	0.42	0.94	0.54	0.83	0.82	0.8	0.73	0.79	0.99	0.95	0.83	0.51	0.96	0.76	-0.18	0.92	0.99	0.75	0.96		0.77	0.96	-0.26	0.73	0.9	-0.18
Retained Earnings	0.48	0.89	0.73	0.91	0.79	0.89	0.98	0.75	0.82	0.88	0.9	0.49	0.86	0.47	-0.53	0.87	0.82	1.0	0.87	0.77		0.88	-0.68	0.98	0.9	-0.53
Non Current Assets Total	0.5	1.0	0.62	0.95	0.88	0.92	0.84	0.83	0.99	1.0	0.94	0.56	1.0	0.66	-0.2	0.99	0.98	0.86	1.0	0.96	0.88		-0.43	0.84	0.98	-0.2
Non Currrent Assets Other	-0.21	-0.47	-0.37	-0.55	-0.31	-0.54	-0.77	-0.37	-0.36	-0.44	-0.55	-0.23	-0.42	-0.04	0.47	-0.49	-0.35	-0.68	-0.42	-0.26	-0.68	-0.43		-0.77	-0.49	0.47
Cash And Short Term Investments	0.47	0.86	0.73	0.88	0.77	0.87	1.0	0.74	0.8	0.84	0.88	0.47	0.83	0.42	-0.56	0.85	0.79	0.98	0.83	0.73	0.98	0.84	-0.77		0.87	-0.56
Net Receivables	0.48	0.99	0.62	0.98	0.91	0.98	0.87	0.88	0.95	0.98	0.99	0.49	0.98	0.63	-0.19	0.97	0.94	0.89	0.97	0.9	0.9	0.98	-0.49	0.87		-0.19
Common Stock Total Equity	-0.13	-0.18	-0.61	-0.19	-0.07	-0.17	-0.57	-0.12	-0.18	-0.19	-0.19	-0.14	-0.18	-0.09	1.0	-0.21	-0.19	-0.55	-0.2	-0.18	-0.53	-0.2	0.47	-0.56	-0.19

Click cells to compare fundamentals

Berry Global Account Relationship Matchups

Berry Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	135.1M	138.3M	132.8M	123M	141.5M	123.8M
Total Assets	16.7B	17.9B	17.0B	16.6B	19.1B	11.1B
Other Current Liab	669M	3.2B	316M	2.7B	3.1B	3.3B
Total Current Liabilities	2.2B	3.2B	2.8B	2.7B	3.1B	1.6B
Other Liab	1.3B	2.1B	1.7B	1.0B	1.2B	901.5M
Accounts Payable	1.1B	2.0B	1.8B	1.5B	1.8B	917.7M
Other Assets	91M	217M	175M	125M	143.8M	93.7M
Long Term Debt	10.0B	9.4B	9.3B	9.0B	10.3B	7.1B
Good Will	5.2B	5.2B	4.8B	5.0B	5.7B	3.4B
Inventory	1.3B	1.9B	1.8B	1.6B	1.8B	1.1B
Other Current Assets	330M	217M	175M	205M	235.8M	173.9M
Total Liab	14.6B	14.7B	13.8B	13.4B	15.4B	9.9B
Intangible Assets	2.5B	2.2B	1.9B	1.7B	2.0B	1.7B
Property Plant Equipment	4.6B	4.7B	4.3B	5.2B	6.0B	3.0B
Short Long Term Debt Total	10.7B	9.5B	9.3B	9.0B	10.3B	7.4B
Total Stockholder Equity	2.1B	3.2B	3.2B	3.2B	3.7B	3.9B
Property Plant And Equipment Net	5.1B	4.7B	4.3B	4.6B	5.3B	3.1B
Net Debt	10.0B	8.4B	7.8B	7.8B	8.9B	6.8B
Retained Earnings	1.6B	2.3B	2.4B	2.3B	2.7B	2.8B
Non Current Assets Total	12.9B	12.8B	11.8B	12.1B	13.9B	8.5B
Non Currrent Assets Other	91M	115M	(865M)	(617M)	(555.3M)	(527.5M)
Net Receivables	1.5B	1.9B	1.8B	1.6B	1.8B	1.1B
Liabilities And Stockholders Equity	16.7B	17.9B	17.0B	16.6B	19.1B	11.5B
Non Current Liabilities Total	12.4B	11.5B	10.9B	10.7B	12.3B	8.6B
Other Stockholder Equity	1.0B	1.1B	1.2B	1.2B	1.4B	763.9M
Property Plant And Equipment Gross	5.1B	4.7B	9.0B	9.9B	11.4B	11.9B
Total Current Assets	3.8B	5.1B	5.2B	4.5B	5.2B	3.0B
Accumulated Other Comprehensive Income	(551M)	(296M)	(403M)	(336M)	(302.4M)	(317.5M)
Short Term Debt	75M	21M	13M	10M	9M	8.6M
Net Tangible Assets	(6.2B)	(5.6B)	(4.3B)	(3.5B)	(3.1B)	(3.3B)
Current Deferred Revenue	324M	(2.1B)	707M	(1.5B)	(1.4B)	(1.3B)
Long Term Debt Total	11.3B	10.2B	9.4B	9.2B	10.6B	7.6B
Capital Surpluse	949M	1.0B	1.1B	1.2B	1.4B	807.1M
Non Current Liabilities Other	1.7B	1.5B	1.7B	1.7B	1.9B	2.0B

Pair Trading with Berry Global

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 Berry Global 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 Berry Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Berry Stock

0.93

CCK

Crown Holdings Financial Report 22nd of April 2024

Pair Corr

Moving against Berry Stock

0.72	KRT	Karat Packaging Financial Report 8th of May 2024	Pair Corr
0.7	BALL	Ball Financial Report 2nd of May 2024	Pair Corr
0.64	AVY	Avery Dennison Corp Earnings Call This Week	Pair Corr
0.61	WRK	WestRock Financial Report 2nd of May 2024	Pair Corr
0.59	AS	Amer Sports	Pair Corr

The ability to find closely correlated positions to Berry Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berry Global 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 Berry Global - 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 Berry Global Group to buy it.

The correlation of Berry Global 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 Berry Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berry Global Group 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 Berry Global 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 Berry Global Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Berry Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Berry Global Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Berry Global Group Stock:

How To Invest In Berry

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Is Berry Stock a good investment?

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What is Berry Global'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 Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Berry Stock analysis

When running Berry Global's price analysis, check to measure Berry Global'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 Berry Global is operating at the current time. Most of Berry Global's value examination focuses on studying past and present price action to predict the probability of Berry Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Global's price. Additionally, you may evaluate how the addition of Berry Global to your portfolios can decrease your overall portfolio volatility.

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Is Berry Global'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 Berry Global. If investors know Berry 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 Berry Global 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

(0.41)

Dividend Share

1.025

Earnings Share

4.6

Revenue Per Share

105.501

Quarterly Revenue Growth

(0.07)

The market value of Berry Global Group is measured differently than its book value, which is the value of Berry that is recorded on the company's balance sheet. Investors also form their own opinion of Berry Global's value that differs from its market value or its book value, called intrinsic value, which is Berry Global'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 Berry Global's market value can be influenced by many factors that don't directly affect Berry Global'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 Berry Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Berry Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berry Global'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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Berry Invested Capital vs Interest Coverage Analysis

Invested Capital vs Interest Coverage

Invested Capital vs Interest Coverage Correlation Analysis

Correlation Coefficient

Invested Capital

Interest Coverage

Berry Global fundamental ratios Correlations

Berry Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Berry Global fundamental ratios Accounts

Pair Trading with Berry Global

Moving together with Berry Stock

Moving against Berry Stock

Complementary Tools for Berry Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Good Will	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Inventory	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Long Term Debt
Property Plant And Equipment Net	+ 1.0	Good Will

Cash And Short Term Investments	- 0.77	Non Currrent Assets Other
Non Currrent Assets Other	- 0.77	Cash
Non Currrent Assets Other	- 0.68	Retained Earnings
Non Currrent Assets Other	- 0.68	Total Stockholder Equity
Common Stock Total Equity	- 0.61	Other Current Liab
Common Stock	- 0.61	Other Current Liab