O-I Glass Inc (OI)
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 | 4,553,000 | 4,698,000 | 4,371,000 | 4,753,000 | 4,945,000 |
| Total assets | US$ in thousands | 8,654,000 | 9,669,000 | 9,061,000 | 8,832,000 | 8,882,000 |
| Debt-to-assets ratio | 0.53 | 0.49 | 0.48 | 0.54 | 0.56 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,553,000K ÷ $8,654,000K
= 0.53
O-I Glass Inc's debt-to-assets ratio has been fluctuating over the past five years. The ratio decreased from 0.56 in 2020 to 0.54 in 2021, showing a slight improvement in the company's ability to cover its assets with debt. Subsequently, there was a more significant decrease to 0.48 in 2022, indicating a lower level of debt relative to the company's assets. However, the ratio slightly increased to 0.49 in 2023 and further to 0.53 in 2024, suggesting a moderate increase in debt compared to assets in those years.
Overall, the trend in O-I Glass Inc's debt-to-assets ratio demonstrates some variability but generally indicates that the company has been managing its debt levels in relation to its asset base. It is essential for stakeholders to closely monitor this ratio to assess the company's financial health and risk exposure.