O-I Glass Inc (OI)
Debt-to-equity 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-equity ratio | 4.22 | 9.38 | 5.93 | 4.35 | 2.92 | 4.00 | 3.73 | 3.94 | 3.08 | 5.35 | 3.41 | 4.03 | 6.60 | 10.44 | 12.32 | 23.49 | 16.65 | 132.38 | — | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,553,000K ÷ $1,079,000K
= 4.22
O-I Glass Inc's debt-to-equity ratio has shown a downward trend over the recent quarters, indicating a reduction in the company's reliance on debt to finance its operations in comparison to its equity. As of December 31, 2024, the debt-to-equity ratio stands at 4.22, a decrease from 132.38 as of September 30, 2020. This suggests an improvement in the company's financial leverage and risk management.
The decreasing trend in the debt-to-equity ratio can be seen as a positive signal, signaling a stronger financial position and potentially lower financial risk for the company. A lower debt-to-equity ratio indicates that the company is using less debt to finance its operations, which could lead to lower interest expenses and improved financial stability.
Overall, the decreasing trend in O-I Glass Inc's debt-to-equity ratio reflects a prudent approach to managing its capital structure, balancing debt and equity to maintain a healthy financial position. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial health and risk profile over time.