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
These 4 Measures Indicate That Owens Corning (NYSE:OC) Is Using Debt Reasonably Well
May 14
Owens Corning (NYSE:OC) Seems To Use Debt Quite Sensibly
Jan 30Owens Corning (NYSE:OC) Has A Pretty Healthy Balance Sheet
Oct 20Is Owens Corning (NYSE:OC) A Risky Investment?
Jul 18Owens Corning (NYSE:OC) Has A Pretty Healthy Balance Sheet
Apr 15Recent updates
At US$181, Is Owens Corning (NYSE:OC) Worth Looking At Closely?
Jun 13These 4 Measures Indicate That Owens Corning (NYSE:OC) Is Using Debt Reasonably Well
May 14Owens Corning: Pressure From Composites Segment
May 03Owens Corning's (NYSE:OC) Soft Earnings Don't Show The Whole Picture
May 01Owens Corning Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 28Investors Don't See Light At End Of Owens Corning's (NYSE:OC) Tunnel
Apr 08An Intrinsic Calculation For Owens Corning (NYSE:OC) Suggests It's 30% Undervalued
Mar 22Why Owens Corning (NYSE:OC) Could Be Worth Watching
Feb 16Owens Corning: A Legacy Building Materials Company Turned Into A Pretty Play
Feb 03Owens Corning (NYSE:OC) Seems To Use Debt Quite Sensibly
Jan 30Little Excitement Around Owens Corning's (NYSE:OC) Earnings
Jan 04Owens Corning (NYSE:OC) Is Paying Out A Larger Dividend Than Last Year
Dec 12We Like These Underlying Return On Capital Trends At Owens Corning (NYSE:OC)
Nov 20Owens Corning: Recent Weakness And Pricing Necessitate A Downgrade
Nov 19Owens Corning (NYSE:OC) Has A Pretty Healthy Balance Sheet
Oct 20Why Owens Corning (NYSE:OC) Could Be Worth Watching
Sep 24Is There An Opportunity With Owens Corning's (NYSE:OC) 42% Undervaluation?
Sep 10Owens Corning: Good News Priced In
Sep 05With EPS Growth And More, Owens Corning (NYSE:OC) Makes An Interesting Case
Aug 16Is Owens Corning (NYSE:OC) A Risky Investment?
Jul 18Investors Will Want Owens Corning's (NYSE:OC) Growth In ROCE To Persist
Jul 05Owens Corning: A Company With Steady Growth And Future Potential
Jun 29Is Now An Opportune Moment To Examine Owens Corning (NYSE:OC)?
Jun 21Owens Corning (NYSE:OC) Shares Could Be 41% Below Their Intrinsic Value Estimate
Jun 08Is Now The Time To Put Owens Corning (NYSE:OC) On Your Watchlist?
May 12Owens Corning (NYSE:OC) Has A Pretty Healthy Balance Sheet
Apr 15The Trend Of High Returns At Owens Corning (NYSE:OC) Has Us Very Interested
Apr 03Is Owens Corning (NYSE:OC) Potentially Undervalued?
Mar 21Are Investors Undervaluing Owens Corning (NYSE:OC) By 37%?
Mar 09Owens Corning Q4 2022 Earnings Preview
Feb 14Should You Be Adding Owens Corning (NYSE:OC) To Your Watchlist Today?
Feb 08Owens Corning declares $0.52 dividend
Feb 02Financial Position Analysis
Short Term Liabilities: OC's short term assets ($4.0B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: OC's short term assets ($4.0B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: OC's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: OC's debt to equity ratio has reduced from 86.4% to 54.9% over the past 5 years.
Debt Coverage: OC's debt is well covered by operating cash flow (65.9%).
Interest Coverage: OC's interest payments on its debt are well covered by EBIT (24.1x coverage).