Ppg Industries annual debt-to-equity ratio
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2025
Ppg Industries Debt-to-Equity Ratio Growth & History (PPG)
Ppg Industries's debt-to-equity ratio was 1.00 for fiscal 2025.
View full Ppg Industries company overviewPpg Industries annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.00 | 0.05 | +5.48% |
| 2024 | 2024-12-31 | 0.94 | 0.07 | +7.44% |
| 2023 | 2023-12-31 | 0.88 | −0.28 | −24.28% |
| 2022 | 2022-12-31 | 1.16 | −0.03 | −2.49% |
| 2021 | 2021-12-31 | 1.19 | 0.03 | +2.24% |
| 2020 | 2020-12-31 | 1.16 | 0.06 | +4.98% |
| 2019 | 2019-12-31 | 1.11 | 0.02 | +2.04% |
| 2018 | 2018-12-31 | 1.09 | 0.34 | +45.03% |
| 2017 | 2017-12-31 | 0.75 | −0.17 | −18.47% |
| 2016 | 2016-12-31 | 0.92 | 0.05 | +5.91% |
| 2015 | 2015-12-31 | 0.87 | 0.09 | +10.99% |
| 2014 | 2014-12-31 | 0.78 | 0.08 | +12.14% |
| 2013 | 2013-12-31 | 0.70 | −0.30 | −29.97% |
| 2012 | 2012-12-31 | 0.99 | −0.15 | −12.97% |
| 2011 | 2011-12-31 | 1.14 | 0.01 | +1.31% |
| 2010 | 2010-12-31 | 1.13 | 0.23 | +25.36% |
| 2009 | 2009-12-31 | 0.90 | −0.27 | −23.31% |
| 2008 | 2008-12-31 | 1.17 | — | — |
Ppg Industries quarterly debt-to-equity ratio
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
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Q1.11
Q2.11
Q3.11
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Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q1.14
Q2.14
Q3.14
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Q3.15
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
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Q3.18
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Q3.19
Q4.19
Q1.20
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.88 | −0.17 | −15.84% |
| Q1 2026 | 2026-03-31 | 0.95 | −0.18 | −15.96% |
| Q4 2025 | 2025-12-31 | 1.00 | 0.05 | +5.48% |
| Q3 2025 | 2025-09-30 | 1.02 | 0.08 | +8.68% |
| Q2 2025 | 2025-06-30 | 1.05 | 0.12 | +13.09% |
| Q1 2025 | 2025-03-31 | 1.14 | 0.25 | +27.92% |
| Q4 2024 | 2024-12-31 | 0.94 | 0.07 | +7.44% |
| Q3 2024 | 2024-09-30 | 0.93 | 0.03 | +3.14% |
| Q2 2024 | 2024-06-30 | 0.93 | −0.09 | −8.66% |
| Q1 2024 | 2024-03-31 | 0.89 | −0.25 | −21.88% |
| Q4 2023 | 2023-12-31 | 0.88 | −0.28 | −24.28% |
| Q3 2023 | 2023-09-30 | 0.91 | −0.36 | −28.17% |
| Q2 2023 | 2023-06-30 | 1.02 | −0.27 | −20.73% |
| Q1 2023 | 2023-03-31 | 1.14 | −0.16 | −12.05% |
| Q4 2022 | 2022-12-31 | 1.16 | −0.03 | −2.49% |
| Q3 2022 | 2022-09-30 | 1.26 | 0.03 | +2.30% |
| Q2 2022 | 2022-06-30 | 1.28 | −0.02 | −1.17% |
| Q1 2022 | 2022-03-31 | 1.29 | 0.08 | +6.52% |
| Q4 2021 | 2021-12-31 | 1.19 | 0.03 | +2.24% |
| Q3 2021 | 2021-09-30 | 1.23 | 0.04 | +3.00% |
| Q2 2021 | 2021-06-30 | 1.30 | −0.18 | −12.31% |
| Q1 2021 | 2021-03-31 | 1.21 | −0.27 | −18.25% |
| Q4 2020 | 2020-12-31 | 1.16 | 0.06 | +4.98% |
| Q3 2020 | 2020-09-30 | 1.20 | −0.00 | −0.07% |
| Q2 2020 | 2020-06-30 | 1.48 | 0.25 | +20.21% |
| Q1 2020 | 2020-03-31 | 1.48 | 0.26 | +20.79% |
| Q4 2019 | 2019-12-31 | 1.11 | 0.02 | +2.04% |
| Q3 2019 | 2019-09-30 | 1.20 | 0.18 | +18.10% |
| Q2 2019 | 2019-06-30 | 1.23 | 0.19 | +18.23% |
| Q1 2019 | 2019-03-31 | 1.23 | 0.25 | +25.49% |
| Q4 2018 | 2018-12-31 | 1.09 | 0.34 | +45.03% |
| Q3 2018 | 2018-09-30 | 1.01 | 0.21 | +26.69% |
| Q2 2018 | 2018-06-30 | 1.04 | 0.22 | +26.34% |
| Q1 2018 | 2018-03-31 | 0.98 | 0.12 | +14.51% |
| Q4 2017 | 2017-12-31 | 0.75 | −0.17 | −18.47% |
| Q3 2017 | 2017-09-30 | 0.80 | −0.08 | −8.90% |
| Q2 2017 | 2017-06-30 | 0.82 | −0.14 | −14.32% |
| Q1 2017 | 2017-03-31 | 0.85 | 0.02 | +2.76% |
| Q4 2016 | 2016-12-31 | 0.92 | 0.05 | +5.91% |
| Q3 2016 | 2016-09-30 | 0.88 | −0.02 | −1.96% |
| Q2 2016 | 2016-06-30 | 0.96 | 0.09 | +10.14% |
| Q1 2016 | 2016-03-31 | 0.83 | −0.08 | −9.02% |
| Q4 2015 | 2015-12-31 | 0.87 | 0.09 | +10.99% |
| Q3 2015 | 2015-09-30 | 0.90 | 0.35 | +63.87% |
| Q2 2015 | 2015-06-30 | 0.87 | 0.33 | +60.85% |
| Q1 2015 | 2015-03-31 | 0.91 | 0.35 | +61.55% |
| Q4 2014 | 2014-12-31 | 0.78 | 0.08 | +12.14% |
| Q3 2014 | 2014-09-30 | 0.55 | −0.10 | −16.05% |
| Q2 2014 | 2014-06-30 | 0.54 | −0.13 | −19.00% |
| Q1 2014 | 2014-03-31 | 0.57 | −0.14 | −20.32% |
| Q4 2013 | 2013-12-31 | 0.70 | −0.30 | −29.97% |
| Q3 2013 | 2013-09-30 | 0.65 | −0.38 | −37.13% |
| Q2 2013 | 2013-06-30 | 0.67 | −0.37 | −35.77% |
| Q1 2013 | 2013-03-31 | 0.71 | −0.40 | −36.03% |
| Q4 2012 | 2012-12-31 | 0.99 | −0.15 | −12.97% |
| Q3 2012 | 2012-09-30 | 1.04 | 0.03 | +2.78% |
| Q2 2012 | 2012-06-30 | 1.04 | 0.12 | +13.58% |
| Q1 2012 | 2012-03-31 | 1.11 | 0.02 | +2.28% |
| Q4 2011 | 2011-12-31 | 1.14 | 0.01 | +1.31% |
| Q3 2011 | 2011-09-30 | 1.01 | 0.20 | +24.58% |
| Q2 2011 | 2011-06-30 | 0.92 | 0.03 | +3.03% |
| Q1 2011 | 2011-03-31 | 1.09 | 0.21 | +23.30% |
| Q4 2010 | 2010-12-31 | 1.13 | 0.23 | +25.36% |
| Q3 2010 | 2010-09-30 | 0.81 | −0.19 | −19.05% |
| Q2 2010 | 2010-06-30 | 0.89 | −0.43 | −32.63% |
| Q1 2010 | 2010-03-31 | 0.88 | — | — |
| Q4 2009 | 2009-12-31 | 0.90 | −0.27 | −23.31% |
| Q3 2009 | 2009-09-30 | 1.00 | — | — |
| Q2 2009 | 2009-06-30 | 1.32 | — | — |
| Q4 2008 | 2008-12-31 | 1.17 | — | — |
Ppg Industries debt-to-equity ratio trends
Over the last five fiscal years, Ppg Industries's debt-to-equity ratio decreased from 1.16 to 1.00, a change of −0.17. The latest reported quarter, Q2 2026, shows 0.88.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Ppg Industries source filings ↗