PPG Industries Inc (PPG)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 19,433,000 | 21,858,000 | 21,729,000 | 21,867,000 | 21,647,000 | 21,501,000 | 21,614,000 | 22,099,000 | 20,744,000 | 20,868,000 | 21,572,000 | 18,339,000 | 21,351,000 | 17,965,000 | 18,286,000 | 16,425,000 | 19,556,000 | 18,300,000 | 18,170,000 | 18,064,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the provided data, PPG Industries Inc has consistently maintained a debt-to-assets ratio of 0.00 for the period spanning from March 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during these periods. This implies that PPG Industries Inc has been able to finance its operations and investments largely through equity and retained earnings, rather than relying on debt financing. A low or zero debt-to-assets ratio can be seen as a positive indicator of financial stability and potentially lower financial risk, as the company is not highly leveraged.
Peer comparison
Dec 31, 2024