PPG Industries Inc (PPG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,785,000K
= 0.00
The debt-to-equity ratio for PPG Industries Inc has been consistently at 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has been utilizing minimal debt relative to its equity in its capital structure. A low or zero debt-to-equity ratio can suggest that the company is relying more on equity financing rather than debt financing, which may positively impact its financial stability and risk exposure. However, it is essential to consider other factors such as industry norms, the company's growth strategy, and future capital needs to gain a holistic understanding of the company's financial health.
Peer comparison
Dec 31, 2024