Owens Corning Inc (OC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,116,000 | 2,615,000 | 2,992,000 | 2,960,000 | 3,126,000 |
| Total assets | US$ in thousands | 14,075,000 | 11,237,000 | 10,752,000 | 10,015,000 | 9,481,000 |
| Debt-to-assets ratio | 0.36 | 0.23 | 0.28 | 0.30 | 0.33 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,116,000K ÷ $14,075,000K
= 0.36
Owens Corning Inc's debt-to-assets ratio has shown a declining trend over the past five years, decreasing from 0.33 in December 31, 2020, to 0.36 in December 31, 2024. This indicates that the company has been successful in reducing its debt relative to its total assets. However, the ratio increased in 2024, which might suggest a recent increase in debt levels or a decrease in asset values. Overall, a lower debt-to-assets ratio implies a stronger financial position, as it indicates that a smaller portion of the company's assets is financed through debt.