BALL · 8-K · 20260804PR090074
Liquidity and Debt Position
BALL Corp · 2026-08-04 · Importance 49 · Surprise 32 · No source text
At June 30, 2026, Ball held $491 million of cash and cash equivalents and $7.220 billion of total debt, producing net debt of $6.729 billion. Total debt increased from $7.012 billion at December 31, 2025, while cash declined from $1.212 billion. The company reported six-month comparable EBITDA of $2.128 billion, interest coverage of 6.65x and leverage of 3.16x. Short-term debt and the current portion of long-term debt were $692 million, and long-term debt was $6.528 billion.
Key facts
- Other current assets as of June 30, 2026: $365 million vs. $216 million as of June 30, 2025. source
- Net Debt (total debt less cash and cash equivalents) as of June 30, 2026: $6,729 million. source
- Intangible assets, net as of June 30, 2026: $908 million vs. $1,056 million as of June 30, 2025. source
- Payables and other accrued liabilities as of June 30, 2026: $5,529 million vs. $4,686 million as of June 30, 2025. source
- Total assets as of June 30, 2026: $20,110 million vs. $18,608 million as of June 30, 2025. source
- Total current liabilities as of June 30, 2026: $6,221 million vs. $5,259 million as of June 30, 2025. source
- Long-term debt as of June 30, 2026: $6,528 million vs. $6,479 million as of June 30, 2025. source
- Total debt at period end used in Net Debt calculation: $7,220 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +7.5% | Total assets as of June 30, 2026: $20,110 million vs. $18,608 million as of June 30, 2025. |
| liability | negative | realized | -4.8% | Total current liabilities as of June 30, 2026: $6,221 million vs. $5,259 million as of June 30, 2025. |
| liability | negative | realized | -4.2% | Payables and other accrued liabilities as of June 30, 2026: $5,529 million vs. $4,686 million as of June 30, 2025. |
| assets | positive | realized | +0.7% | Other current assets as of June 30, 2026: $365 million vs. $216 million as of June 30, 2025. |
| assets | negative | realized | -0.7% | Intangible assets, net as of June 30, 2026: $908 million vs. $1,056 million as of June 30, 2025. |
| liability | negative | realized | -0.2% | Long-term debt as of June 30, 2026: $6,528 million vs. $6,479 million as of June 30, 2025. |
| assets | positive | realized | +0.1% | Goodwill as of June 30, 2026: $4,397 million vs. $4,381 million as of June 30, 2025. |
| liability | negative | realized | — | Net Debt (total debt less cash and cash equivalents) as of June 30, 2026: $6,729 million. |
| liability | negative | realized | — | Total debt at period end used in Net Debt calculation: $7,220 million. |
| cash | negative | realized | — | Change in cash, cash equivalents and restricted cash for six months ended June 30, 2026: $(720) million vs. $(613) million in 2025. |
| assets | positive | realized | — | Receivables, net as of June 30, 2026: $3,262 million vs. $2,897 million as of June 30, 2025. |