PPG Industries Inc (PPG)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
PPG Industries Inc Solvency Ratios Analysis:
1. Debt-to-Assets Ratio: PPG Industries Inc has consistently maintained a debt-to-assets ratio of 0.00 since March 2020, indicating that the company's total debt is negligible compared to its total assets. This suggests that PPG Industries Inc has a strong ability to cover its debt obligations with its existing assets.
2. Debt-to-Capital Ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio for PPG Industries Inc has also been at 0.00 across all the periods from March 2020 to December 2024. This ratio signifies the proportion of debt in the company's capital structure, and in this case, it shows a minimal level of debt relative to the total capital.
3. Debt-to-Equity Ratio: The debt-to-equity ratio, like the previous ratios, has consistently remained at 0.00 for PPG Industries Inc over the analyzed periods. This indicates that the company relies more on equity financing rather than debt to fund its operations and investments.
4. Financial Leverage Ratio: The financial leverage ratio for PPG Industries Inc shows some fluctuation over the years, ranging from 2.75 to 3.82. A decreasing trend in this ratio indicates that the company is relying less on debt to finance its assets, which is generally a positive sign for solvency and financial stability.
In conclusion, the solvency ratios of PPG Industries Inc reflect a strong financial position with minimal debt obligations relative to its assets and capital. The company's prudent debt management, coupled with a decreasing financial leverage ratio, suggests a conservative and sustainable approach to financing its operations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.68 | 9.44 | 9.32 | 8.95 | 8.09 | 8.75 | 8.78 | 9.54 | 9.34 | 10.42 | 11.79 | 12.64 | 16.01 | 17.01 | 17.26 | 13.71 | 12.02 | 11.45 | 10.72 | 12.86 |
Based on the provided data, PPG Industries Inc has shown varying levels of interest coverage over the period from March 31, 2020, to December 31, 2024. Interest coverage is a financial ratio that indicates a company's ability to meet its interest obligations with its operating income.
The interest coverage ratio for PPG Industries Inc ranged from a high of 17.26 in June 30, 2021, to a low of 8.09 in December 31, 2023. A higher interest coverage ratio signifies the company's better ability to cover its interest expenses with its operating income.
During the analysis period, the interest coverage ratio generally remained above 10, indicating that PPG Industries Inc was in a favorable position to cover its interest expenses comfortably. However, there were fluctuations in the ratio, with a downward trend observed from March 31, 2023, to December 31, 2024.
It is important for investors and stakeholders to closely monitor the interest coverage ratio of PPG Industries Inc to assess the company's ability to service its debt and manage its financial obligations effectively. fluctuations in the ratio may indicate changes in the company's financial performance and risk profile, requiring further analysis and attention.