Owens Corning Balance Sheet Health
Financial Health criteria checks 6/6
Owens Corning has a total shareholder equity of $5.3B and total debt of $2.9B, which brings its debt-to-equity ratio to 54.9%. Its total assets and total liabilities are $11.3B and $6.0B respectively. Owens Corning's EBIT is $1.7B making its interest coverage ratio 24.1. It has cash and short-term investments of $1.3B.
Key information
54.9%
Debt to equity ratio
US$2.89b
Debt
Interest coverage ratio | 24.1x |
Cash | US$1.25b |
Equity | US$5.27b |
Total liabilities | US$6.00b |
Total assets | US$11.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: O5Q's short term assets ($4.0B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: O5Q's short term assets ($4.0B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: O5Q's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: O5Q's debt to equity ratio has reduced from 86.4% to 54.9% over the past 5 years.
Debt Coverage: O5Q's debt is well covered by operating cash flow (65.9%).
Interest Coverage: O5Q's interest payments on its debt are well covered by EBIT (24.1x coverage).