PPG Industries Balance Sheet Health
Financial Health criteria checks 2/6
PPG Industries has a total shareholder equity of $6.1B and total debt of $6.8B, which brings its debt-to-equity ratio to 110.4%. Its total assets and total liabilities are $20.9B and $14.7B respectively. PPG Industries's EBIT is $1.6B making its interest coverage ratio 15.4. It has cash and short-term investments of $1.1B.
Key information
110.4%
Debt to equity ratio
US$6.78b
Debt
Interest coverage ratio | 15.4x |
Cash | US$1.10b |
Equity | US$6.14b |
Total liabilities | US$14.72b |
Total assets | US$20.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPQ's short term assets ($7.5B) exceed its short term liabilities ($4.9B).
Long Term Liabilities: PPQ's short term assets ($7.5B) do not cover its long term liabilities ($9.8B).
Debt to Equity History and Analysis
Debt Level: PPQ's net debt to equity ratio (92.5%) is considered high.
Reducing Debt: PPQ's debt to equity ratio has increased from 77.9% to 110.4% over the past 5 years.
Debt Coverage: PPQ's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: PPQ's interest payments on its debt are well covered by EBIT (15.4x coverage).