Packaging
Ball Corporation's Q2 FY2026 revenue surged on higher aluminum pass-through and volume growth, but net income rose modestly as cost pressures and a $27 million charge limited gains.
Key risk: High Financial Leverage and Debt Covenant Compliance
The company has a debt-to-equity ratio of 2.5, with $7.22 billion in total debt. The leverage ratio covenant is set to tighten to 4.5 times by March 2027, and elevated leverage could limit financial flexibility and increase vulnerability to rising interest rates.