PPG Industries Inc (PPG)

Debt-to-capital 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 stockholders’ equity US$ in thousands 6,785,000 7,788,000 7,767,000 7,941,000 7,832,000 7,751,000 7,614,000 7,142,000 6,592,000 6,034,000 6,182,000 6,218,000 6,286,000 6,253,000 6,242,000 5,839,000 5,689,000 5,310,000 4,832,000 4,723,000
Debt-to-capital 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-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 reported as 0.00 across the periods spanning from March 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its operations and growth during these periods. A debt-to-capital ratio of 0.00 suggests that PPG Industries has been funding its activities using equity rather than debt. This can be seen positively by investors and creditors as it signifies a lower financial risk and a stronger financial position, as the company is not burdened by significant debt obligations. However, it is important to consider other financial metrics alongside the debt-to-capital ratio to gain a comprehensive understanding of the company's overall financial health and performance.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-capital ratio
PPG Industries Inc
PPG
0.00
Axalta Coating Systems Ltd
AXTA
0.64
RPM International Inc
RPM
0.00