PPG (PPG Industries) Cash-to-Debt : 0.18 (As of Sep. 2024)

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What is PPG Industries Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. PPG Industries's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.18.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, PPG Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for PPG Industries's Cash-to-Debt or its related term are showing as below:

PPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.23 Max: 0.5
Current: 0.18

During the past 13 years, PPG Industries's highest Cash to Debt Ratio was 0.50. The lowest was 0.13. And the median was 0.23.

PPG's Cash-to-Debt is ranked worse than
78.99% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs PPG: 0.18

PPG Industries Cash-to-Debt Historical Data

The historical data trend for PPG Industries's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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PPG Industries Cash-to-Debt Chart

PPG Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.22

0.29

0.14

0.15

0.23

PPG Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.18	0.23	0.18	0.17	0.18

Competitive Comparison of PPG Industries's Cash-to-Debt

For the Specialty Chemicals subindustry, PPG Industries's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PPG Industries's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PPG Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PPG Industries's Cash-to-Debt falls into.

PPG Industries Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

PPG Industries's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1589	/	(500	+	6370)
	=	0.23

PPG Industries's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1322	/	(535	+	6734)
	=	0.18

PPG Industries (NYSE:PPG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

PPG Industries Cash-to-Debt Related Terms

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PPG Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PPG Industries Inc (NYSE:PPG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PPG:Mexico 0KEI:UK PPQ:Germany PPG:Austria

Address

One PPG Place, Pittsburgh, PA, USA, 15272

Website

https://www.ppg.com

PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

Executives

Anne M. Foulkes	officer: Sr. VP, Gen. Counsel & Secrtry	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Timothy M Knavish	officer: Sr. VP, Automotive Coatings	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Vincent J Morales	officer: Senior VP & CFO	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Iii Chris Roberts	director	1716 LOCUST ST. LS-175, 7TH FLOOR, DES MOINES IA 50309
Michael H Mcgarry	officer: Senior Vice President	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Chancey E. Hagerty	officer: Sr. VP, Auto. Refinish Ctgs.	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Kevin D. Braun	officer: Sr. VP, Industrial Coatings	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Karl Henrik Bergstrom	officer: Sr.VP, Arch Ctgs LA, EMEA, AP	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Rebecca B. Liebert	officer: Sr. VP, Automotive Coatings	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Brian Richard Williams	officer: Acting Controller	ONE PPG PLACE, PITTSBURGH PA 15272
Guillermo Novo	director	AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Michael Nally	director	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
William E Schaupp	officer: Assistant Controller (PAO)	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Kathleen Ligocki	director	3296 PINE LAKE ROAD, WEST BLOOMFIELD MI 48324
Vadlamannati Ramaprasad	officer: Sr. VP, Protect. & Marine Ctgs	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272