PPGNEUTRAL

PPG Debt-to-Equity Ratio Analysis

0.82x

Higher than 91% of Basic Materials sector peers

Updated 57h ago·SEC filings & market data

Key Takeaway

The debt-to-equity ratio measures how much of a company’s funding comes from debt compared to shareholders’ equity; a ratio of 0.82x means PPG uses $0.82 of debt for every $1 of equity.

Sector Performance

91th percentile

PPG

0.82x

Sector Median

0.09x

Sector Avg

0.27x

Prior Period

0.88x(Jul 2026)

↑ Improving

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Deep Analysis

The debt-to-equity ratio measures how much of a company’s funding comes from debt compared to shareholders’ equity; a ratio of 0.82x means PPG uses $0.82 of debt for every $1 of equity.

This is far above the Basic Materials sector median of 0.10x, placing PPG in the 93rd percentile among peers, so its leverage is much higher than most. For year-over-year change, the metric is N/A, but the quarter-over-quarter change shows a decline of 6.8%, from 0.88x to 0.82x. The trend direction over the last 8 quarters is also N/A, with only two historical values available. The combination of a high debt level with a recent reduction suggests PPG is carrying elevated leverage but taking steps to lower it, which can reduce risk if the deleveraging continues. This high level still implies more financial vulnerability than peers, but the downward move offers some offsetting balance. Overall, the metric supports the NEUTRAL verdict: the debt load is a concern, yet the recent improvement keeps the stock from a clearly negative assessment.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about PPG?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does PPG's Debt-to-Equity Ratio compare to its sector?

PPG's Debt-to-Equity Ratio of 0.82x compares to a Basic Materials sector median of 0.09x, placing it in the 91th percentile.

Who are PPG's closest peers by Debt-to-Equity Ratio?

The closest Basic Materials peers by Debt-to-Equity Ratio include: KGC (0.08x), RGLD (0.08x), PAAS (0.10x), CDE (0.07x), AG (0.11x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.