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
Here's Why PPG Industries (NYSE:PPG) Can Manage Its Debt Responsibly
Dec 19
Here's Why PPG Industries (NYSE:PPG) Can Manage Its Debt Responsibly
Sep 18These 4 Measures Indicate That PPG Industries (NYSE:PPG) Is Using Debt Reasonably Well
May 23Here's Why PPG Industries (NYSE:PPG) Can Manage Its Debt Responsibly
Feb 20Recent updates
Here's Why PPG Industries (NYSE:PPG) Can Manage Its Debt Responsibly
Dec 19When Should You Buy PPG Industries, Inc. (NYSE:PPG)?
Dec 05Here's What To Make Of PPG Industries' (NYSE:PPG) Decelerating Rates Of Return
Nov 21PPG Industries: Still Not Painting A Pretty Picture
Nov 07Is PPG Industries, Inc. (NYSE:PPG) Trading At A 29% Discount?
Oct 15PPG Industries: Struggling Along, As Investors Await More Divestment News
Sep 23Here's Why PPG Industries (NYSE:PPG) Can Manage Its Debt Responsibly
Sep 18PPG Industries: A Market Correction Could Present An Opportunity
Sep 01What You Can Learn From PPG Industries, Inc.'s (NYSE:PPG) P/E
Aug 22PPG Industries Languishing Amid Weak Volumes (Rating Downgrade)
Aug 21PPG Industries (NYSE:PPG) Is Increasing Its Dividend To $0.68
Aug 06PPG Industries (NYSE:PPG) Hasn't Managed To Accelerate Its Returns
Aug 05PPG Industries (NYSE:PPG) Will Pay A Larger Dividend Than Last Year At $0.68
Jul 22Should You Think About Buying PPG Industries, Inc. (NYSE:PPG) Now?
Jun 19Estimating The Intrinsic Value Of PPG Industries, Inc. (NYSE:PPG)
Jun 06PPG Industries Acquisition Strategy Fails To Deliver Growth
Jun 04These 4 Measures Indicate That PPG Industries (NYSE:PPG) Is Using Debt Reasonably Well
May 23Returns On Capital At PPG Industries (NYSE:PPG) Have Hit The Brakes
Apr 15PPG Industries, Inc.'s (NYSE:PPG) Popularity With Investors Is Clear
Apr 01PPG Industries: Hold, The North American Strategic Review Is Risky
Mar 22Is It Time To Consider Buying PPG Industries, Inc. (NYSE:PPG)?
Mar 18Solid Earnings Reflect PPG Industries' (NYSE:PPG) Strength As A Business
Feb 22Here's Why PPG Industries (NYSE:PPG) Can Manage Its Debt Responsibly
Feb 20Do PPG Industries' (NYSE:PPG) Earnings Warrant Your Attention?
Jan 15Are Investors Undervaluing PPG Industries, Inc. (NYSE:PPG) By 22%?
Jan 03PPG Industries: Buy This Fairly Valued Dividend Aristocrat Now
Dec 30PPG Industries (NYSE:PPG) Has Some Way To Go To Become A Multi-Bagger
Dec 22PPG Industries: Replacing A Dividend King With Another
Oct 17PPG: Good Performance, But Not 'Outperformance'
Aug 31Financial Position Analysis
Short Term Liabilities: PPG's short term assets ($7.9B) exceed its short term liabilities ($5.0B).
Long Term Liabilities: PPG's short term assets ($7.9B) do not cover its long term liabilities ($8.9B).
Debt to Equity History and Analysis
Debt Level: PPG's net debt to equity ratio (64.6%) is considered high.
Reducing Debt: PPG's debt to equity ratio has reduced from 103% to 81.2% over the past 5 years.
Debt Coverage: PPG's debt is well covered by operating cash flow (30.4%).
Interest Coverage: PPG's interest payments on its debt are well covered by EBIT (37.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 08:47 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
PPG Industries, Inc. is covered by 46 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Ghansham Panjabi | Baird |
| Ishan Majumdar | Baptista Research |