Owens Corning Inc (OC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,166,000 | 5,105,000 | 5,014,000 | 4,791,000 | 4,575,000 | 4,640,000 | 4,540,000 | 4,341,000 | 4,296,000 | 4,210,000 | 4,117,000 | 3,928,000 | 3,901,000 | 3,852,000 | 3,624,000 | 3,487,000 | 4,631,000 | 4,483,000 | 4,405,000 | 4,262,000 |
| Debt-to-equity ratio | 0.51 | 0.59 | 0.60 | 0.63 | 0.65 | 0.64 | 0.66 | 0.68 | 0.69 | 0.70 | 0.76 | 0.80 | 0.80 | 0.81 | 0.91 | 0.92 | 0.64 | 0.71 | 0.77 | 0.87 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,615,000K ÷ $5,166,000K
= 0.51
The debt-to-equity ratio of Owens Corning has exhibited a declining trend over the past eight quarters, indicating a relatively stable financial structure. The ratio has ranged from 0.59 to 0.68 during this period, with Q4 2023 and Q3 2023 both showing a ratio of 0.59, the lowest in this dataset. This suggests that the company has been successful in managing its debt levels relative to its equity over time. Despite some fluctuations, the overall trend shows a consistent effort to maintain a healthy balance between debt and equity financing. This stable performance in managing debt obligations may reflect positively on the company's financial health and risk management strategies.