O-I Glass Inc (OI)
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 | 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 | 5,435,000 | 5,512,000 | 6,235,000 | 5,820,000 |
| Total assets | US$ in thousands | 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 | 9,610,000 | 9,548,000 | 10,723,000 | 10,152,000 |
| Debt-to-assets ratio | 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 | 0.57 | 0.58 | 0.58 | 0.57 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,698,000K ÷ $9,669,000K
= 0.49
The debt-to-assets ratio of O-I Glass Inc has shown some fluctuations over the past few years, ranging from 0.47 to 0.64. The ratio measures the proportion of the company's total assets that are financed by debt. A higher ratio indicates that a larger portion of the company's assets is funded by debt rather than equity.
In the most recent period ending on December 31, 2023, the debt-to-assets ratio was 0.49, which suggests that approximately 49% of O-I Glass Inc's assets were financed by debt. This ratio remained relatively stable compared to the previous quarter, where it was also at 0.49.
Looking at the trend over time, the ratio has shown a gradual increase from 0.47 in March 2020 to 0.64 in March 2020, before decreasing slightly to 0.57 by the end of March 2019. This upward trend could indicate a shift towards more debt financing or potentially a decrease in total assets relative to debt.
It is essential for investors and analysts to closely monitor the debt-to-assets ratio as excessively high levels of debt could indicate financial risk and potential challenges in meeting debt obligations. Conversely, a low debt-to-assets ratio may suggest conservative financial management but could also indicate underutilization of debt for potential growth opportunities.