PPG Industries Balance Sheet Health
Financial Health criteria checks 4/6
PPG Industries has a total shareholder equity of $8.1B and total debt of $6.3B, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are $21.9B and $13.7B respectively. PPG Industries's EBIT is $2.2B making its interest coverage ratio 26.1. It has cash and short-term investments of $1.2B.
Key information
77.1%
Debt to equity ratio
US$6.26b
Debt
Interest coverage ratio | 26.1x |
Cash | US$1.24b |
Equity | US$8.13b |
Total liabilities | US$13.74b |
Total assets | US$21.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1PG34's short term assets ($7.7B) exceed its short term liabilities ($4.9B).
Long Term Liabilities: P1PG34's short term assets ($7.7B) do not cover its long term liabilities ($8.8B).
Debt to Equity History and Analysis
Debt Level: P1PG34's net debt to equity ratio (61.8%) is considered high.
Reducing Debt: P1PG34's debt to equity ratio has reduced from 105.1% to 77.1% over the past 5 years.
Debt Coverage: P1PG34's debt is well covered by operating cash flow (36.2%).
Interest Coverage: P1PG34's interest payments on its debt are well covered by EBIT (26.1x coverage).