O-I Glass Inc (OI)

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 4,553,000 4,709,000 4,648,000 4,119,000 4,698,000 4,754,000 4,778,000 4,422,000 4,371,000 4,280,000 4,427,000 4,621,000 4,753,000 4,853,000 4,977,000 5,168,000 4,945,000 5,163,000 6,103,000 6,115,000
Total assets US$ in thousands 8,654,000 9,372,000 9,334,000 9,409,000 9,669,000 9,735,000 9,911,000 9,425,000 9,061,000 8,644,000 8,873,000 8,877,000 8,832,000 8,766,000 8,874,000 8,825,000 8,882,000 8,624,000 9,579,000 9,504,000
Debt-to-assets ratio 0.53 0.50 0.50 0.44 0.49 0.49 0.48 0.47 0.48 0.50 0.50 0.52 0.54 0.55 0.56 0.59 0.56 0.60 0.64 0.64

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,553,000K ÷ $8,654,000K
= 0.53

The debt-to-assets ratio of O-I Glass Inc has shown a gradual decrease over the past few years, indicating a stronger financial position in terms of debt management. From March 31, 2020, where the ratio was 0.64, to December 31, 2024, where the ratio stood at 0.53, there has been a consistent downward trend.

This trend suggests that O-I Glass Inc has been able to reduce its debt relative to its total assets, which can be seen as a positive sign of financial health and stability. The company's ability to lower its debt-to-assets ratio implies improved solvency and reduced financial risk, potentially making it more attractive to investors and creditors.

Overall, the decreasing debt-to-assets ratio of O-I Glass Inc reflects a prudent debt management strategy and a stronger financial position, which may contribute to its long-term sustainability and growth prospects.