O-I Glass Inc (OI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,079,000 | 1,609,000 | 1,417,000 | 720,000 | 297,000 |
| Debt-to-capital ratio | 0.81 | 0.74 | 0.76 | 0.87 | 0.94 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,553,000K ÷ ($4,553,000K + $1,079,000K)
= 0.81
The debt-to-capital ratio for O-I Glass Inc decreased gradually from 0.94 as of December 31, 2020, to 0.87 in 2021, further dropping to 0.76 by the end of 2022. The ratio continued to decline to 0.74 by December 31, 2023, indicating a decreasing reliance on debt in the capital structure. However, by the end of 2024, the debt-to-capital ratio slightly increased to 0.81, still remaining below the 2020 level. Overall, these trends suggest that O-I Glass Inc has been actively managing its debt levels relative to its capital base, potentially enhancing its financial stability and flexibility.