Owens Corning Inc (OC)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,116,000 | 5,028,000 | 5,020,000 | 2,645,000 | 2,615,000 | 3,002,000 | 3,004,000 | 2,999,000 | 2,992,000 | 2,988,000 | 2,989,000 | 2,959,000 | 2,960,000 | 2,958,000 | 3,144,000 | 3,145,000 | 3,126,000 | 3,126,000 | 3,314,000 | 3,213,000 |
| Total assets | US$ in thousands | 14,075,000 | 15,054,000 | 14,991,000 | 11,269,000 | 11,237,000 | 11,069,000 | 11,001,000 | 10,840,000 | 10,752,000 | 10,721,000 | 10,543,000 | 10,316,000 | 10,015,000 | 9,981,000 | 9,977,000 | 9,560,000 | 9,481,000 | 9,398,000 | 9,370,000 | 9,151,000 |
| Debt-to-assets ratio | 0.36 | 0.33 | 0.33 | 0.23 | 0.23 | 0.27 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.29 | 0.30 | 0.30 | 0.32 | 0.33 | 0.33 | 0.33 | 0.35 | 0.35 |
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 decreasing trend from 0.35 in March 2020 to 0.23 in December 2023. This suggests that the company has been progressively reducing its debt relative to its total assets during this period. However, there was a slight increase in the ratio to 0.36 by December 2024, indicating a potential increase in debt compared to assets. Overall, the company has maintained a relatively healthy debt-to-assets ratio, which is an important indicator of financial risk and solvency.