PPG Industries Balance Sheet Health
Financial Health criteria checks 4/6
PPG Industries has a total shareholder equity of $8.0B and total debt of $6.5B, which brings its debt-to-equity ratio to 81.2%. Its total assets and total liabilities are $21.9B and $13.9B respectively. PPG Industries's EBIT is $2.3B making its interest coverage ratio 37.4. It has cash and short-term investments of $1.3B.
Key information
81.2%
Debt to equity ratio
US$6.48b
Debt
| Interest coverage ratio | 37.4x |
| Cash | US$1.33b |
| Equity | US$7.97b |
| Total liabilities | US$13.89b |
| Total assets | US$21.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1PG34's short term assets ($7.9B) exceed its short term liabilities ($5.0B).
Long Term Liabilities: P1PG34's short term assets ($7.9B) do not cover its long term liabilities ($8.9B).
Debt to Equity History and Analysis
Debt Level: P1PG34's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: P1PG34's debt to equity ratio has reduced from 103% to 81.2% over the past 5 years.
Debt Coverage: P1PG34's debt is well covered by operating cash flow (30.4%).
Interest Coverage: P1PG34's interest payments on its debt are well covered by EBIT (37.4x coverage).