O-I Glass Inc (OI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,079,000 | 502,000 | 784,000 | 946,000 | 1,609,000 | 1,188,000 | 1,281,000 | 1,121,000 | 1,417,000 | 800,000 | 1,297,000 | 1,147,000 | 720,000 | 465,000 | 404,000 | 220,000 | 297,000 | 39,000 | -155,000 | -8,000 |
| Debt-to-capital ratio | 0.81 | 0.90 | 0.86 | 0.81 | 0.74 | 0.80 | 0.79 | 0.80 | 0.76 | 0.84 | 0.77 | 0.80 | 0.87 | 0.91 | 0.92 | 0.96 | 0.94 | 0.99 | 1.03 | 1.00 |
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 of O-I Glass Inc has shown a general downward trend over the last few years, indicating a decreasing reliance on debt financing relative to total capital. From March 31, 2020, where the ratio was at 1.00, it has gradually decreased to 0.81 as of December 31, 2024. This suggests improved financial stability and a stronger capital structure.
However, there have been fluctuations in the ratio within this overall trend. For example, there was a slight increase in the ratio from March 31, 2022 (0.80) to June 30, 2022 (0.77), followed by a subsequent increase to 0.90 on September 30, 2024. These fluctuations may indicate varying levels of debt restructuring or capital allocation strategies during these periods.
Overall, the decreasing trend in the debt-to-capital ratio for O-I Glass Inc signals a positive shift towards a healthier balance between debt and equity in its capital structure, which can enhance financial stability and flexibility for the company in the long term.