PPG Industries Inc (PPG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 19,433,000 | 21,647,000 | 20,744,000 | 21,351,000 | 19,556,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,433,000K
= 0.00
The debt-to-assets ratio for PPG Industries Inc for the years 2020 to 2024 consistently stands at 0.00. This indicates that the company has no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 implies that the company is entirely financed by equity rather than debt, suggesting a strong financial position with lower financial risk. This may be attractive to investors and creditors as it shows a conservative approach to leverage and financial management. It also signifies that the company may have a lower interest expense and higher financial flexibility to pursue growth opportunities or weather economic downturns. However, it's important to consider other financial metrics and factors along with the debt-to-assets ratio to gain a comprehensive understanding of PPG Industries Inc's financial health and performance.
Peer comparison
Dec 31, 2024