PPG Industries Inc (PPG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.86 | 2.81 | 2.80 | 2.75 | 2.76 | 2.77 | 2.84 | 3.09 | 3.15 | 3.46 | 3.49 | 2.95 | 3.40 | 2.87 | 2.93 | 2.81 | 3.44 | 3.45 | 3.76 | 3.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $19,433,000K ÷ $6,785,000K
= 2.86
The financial leverage ratio of PPG Industries Inc has exhibited some fluctuations over the past few years. The ratio decreased from 3.82 as of March 31, 2020, to 2.81 as of March 31, 2021, indicating a reduction in financial leverage. However, the ratio slightly increased in the following quarters, reaching 3.49 as of June 30, 2022, before declining again. The most recent data as of December 31, 2024, shows the financial leverage ratio at 2.86.
Overall, the trend suggests some variability in the company's capital structure and debt levels. It is important for investors and stakeholders to monitor the financial leverage ratio to assess the company's risk and ability to meet its financial obligations effectively.
Peer comparison
Dec 31, 2024