PPG Industries Inc (PPG)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,748,000 | 5,596,000 | 6,099,000 | 7,082,000 | 6,503,000 | 6,478,000 | 6,766,000 | 6,834,000 | 6,572,000 | 6,092,000 | 6,387,000 | 5,336,000 | 5,171,000 | 4,828,000 | 4,613,000 | 4,751,000 | 4,539,000 | 4,885,000 | 4,845,000 | 4,626,000 |
| Total assets | US$ in thousands | 21,647,000 | 21,501,000 | 22,216,000 | 22,099,000 | 20,744,000 | 20,868,000 | 21,572,000 | 21,888,000 | 21,351,000 | 21,883,000 | 22,353,000 | 20,139,000 | 19,556,000 | 18,300,000 | 18,170,000 | 18,064,000 | 17,708,000 | 18,064,000 | 17,955,000 | 17,371,000 |
| Debt-to-assets ratio | 0.27 | 0.26 | 0.27 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 | 0.28 | 0.29 | 0.26 | 0.26 | 0.26 | 0.25 | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,748,000K ÷ $21,647,000K
= 0.27
The debt-to-assets ratio of PPG Industries, Inc. has shown a decreasing trend over the past quarters, declining from 0.33 in Q4 2022 to 0.28 in Q4 2023. This indicates that the company has been able to reduce its reliance on debt in funding its operations and investments compared to its total assets. A lower debt-to-assets ratio is generally viewed positively by investors and creditors as it suggests a lower level of financial risk and a stronger financial position.
However, it is important to note that even though the ratio has decreased over time, it still remains above 0.25, which suggests that a significant portion of the company's assets is financed by debt. Investors and analysts may continue to monitor this ratio in the future to assess PPG Industries' ability to manage its debt levels and maintain a healthy balance sheet.
Peer comparison
Dec 31, 2023