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.