Owens Corning Inc (OC)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 2,986,000 | 3,180,000 | 3,404,000 | 3,711,000 |
| Total assets | US$ in thousands | 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 | 10,006,000 | 9,955,000 | 10,183,000 | 10,265,000 |
| Debt-to-assets ratio | 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 | 0.30 | 0.32 | 0.33 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,615,000K ÷ $11,237,000K
= 0.23
Owens Corning has maintained a relatively stable debt-to-assets ratio over the past eight quarters, ranging from 0.27 to 0.29. This indicates that, on average, the company finances approximately 27-29% of its assets through debt. A consistent ratio suggests a prudent approach to managing debt levels and the overall financial health of the company. The slight fluctuations in the ratio over time may reflect changes in the company's capital structure or investment decisions. Overall, Owens Corning's debt-to-assets ratio remains within a reasonable range, indicating a balanced mix of debt and equity in funding its operations and investments.