PPG Industries Inc (PPG)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,785,000 | 7,832,000 | 6,592,000 | 6,286,000 | 5,689,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,785,000K)
= 0.00
The debt-to-capital ratio of PPG Industries Inc has been consistently at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not utilized debt as a significant source of financing in relation to its total capital structure. A debt-to-capital ratio of 0.00 suggests that PPG Industries Inc has a conservative approach to debt management and relies more on equity financing. It implies a lower financial risk for the company as there is minimal debt in its capital structure, which could potentially reduce interest expenses and financial obligations. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and strategy.
Peer comparison
Dec 31, 2024