Owens-Corning (FRA:O5Q) Debt-to-Asset : 0.29 (As of Mar. 2024)

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What is Owens-Corning Debt-to-Asset?

Owens-Corning's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €453 Mil. Owens-Corning's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2,584 Mil. Owens-Corning's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €10,367 Mil. Owens-Corning's debt to asset for the quarter that ended in Mar. 2024 was 0.29.

Owens-Corning Debt-to-Asset Historical Data

The historical data trend for Owens-Corning's Debt-to-Asset 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.

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Owens-Corning Debt-to-Asset Chart

Owens-Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.35

0.31

0.30

0.29

Owens-Corning Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.30	0.29	0.29	0.29	0.29

Competitive Comparison of Owens-Corning's Debt-to-Asset

For the Building Products & Equipment subindustry, Owens-Corning's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Owens-Corning's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Owens-Corning's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Owens-Corning's Debt-to-Asset falls into.

Owens-Corning Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Owens-Corning's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(452.081	+	2549.26)	/	10304.329
	=	0.29

Owens-Corning's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(452.64	+	2584.28)	/	10367.48
	=	0.29

Owens-Corning (FRA:O5Q) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Owens-Corning Debt-to-Asset Related Terms

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Owens-Corning (FRA:O5Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Owens-Corning Inc (FRA:O5Q) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

OC:USA

Address

One Owens Corning Parkway, Toledo, OH, USA, 43659

Website

https://www.owenscorning.com

Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.

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