O-I Glass Inc (OI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 8.02 | 18.67 | 11.91 | 9.95 | 6.01 | 8.19 | 7.74 | 8.41 | 6.39 | 10.80 | 6.84 | 7.74 | 12.27 | 18.85 | 21.97 | 40.11 | 29.91 | 221.13 | — | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,654,000K ÷ $1,079,000K
= 8.02
The financial leverage ratio of O-I Glass Inc has shown significant fluctuations over the periods presented in the data. The ratio started at a high level of 221.13 in September 2020, indicating high financial leverage at that time. However, there was a sharp decrease in the ratio by December 2020 to 29.91, suggesting a reduction in the company's reliance on debt to finance its operations.
Throughout the following quarters, the financial leverage ratio continued to decline steadily, reaching its lowest point of 6.01 by December 2023. This downward trend indicates that O-I Glass Inc was gradually reducing its debt levels and improving its financial stability during this period.
There was a slight increase in the ratio by June 2024 to 11.91, followed by a significant jump to 18.67 by September 2024. This could be an indication of a strategic decision to take on more debt, potentially for growth opportunities or other investments.
Overall, the trend in O-I Glass Inc's financial leverage ratio reflects a mix of periods of high and low leverage, indicating varying degrees of reliance on debt financing over the analyzed period. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's ability to meet its financial obligations and manage its debt effectively.