PPG Industries, Inc. (PPG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 7.97B | 7.96B | 8.22B | 8.19B | 7.9B | 6.56B | 7.91B | 7.78B | 7.67B | 7.43B | 7.55B | 8.07B | 8.19B | 7.17B | 7.49B | 7.76B | 7.63B | 6.77B | 7.3B | 7.45B |
| Cash & Short-Term Investments | 1.62B | 2.22B | 1.91B | 1.63B | 1.89B | 1.36B | 1.32B | 1.19B | 1.24B | 1.57B | 1.28B | 1.3B | 1.48B | 1.15B | 1.09B | 992M | 1.03B | 1.07B | 1.3B | 1.3B |
| Cash Only | 1.57B | 2.16B | 1.83B | 1.56B | 1.83B | 1.27B | 1.25B | 1.13B | 1.18B | 1.49B | 1.22B | 1.23B | 1.43B | 1.1B | 1.03B | 931M | 960M | 1B | 1.22B | 1.2B |
| Short-Term Investments | 51M | 56M | 76M | 64M | 63M | 88M | 71M | 61M | 54M | 75M | 64M | 68M | 56M | 55M | 60M | 61M | 73M | 67M | 88M | 110M |
| Accounts Receivable | 3.68B | 3.34B | 3.72B | 3.89B | 3.43B | 2.98B | 3.65B | 3.85B | 3.58B | 3.01B | 3.61B | 3.82B | 3.6B | 3.3B | 3.54B | 3.82B | 3.66B | 3.15B | 3.38B | 3.5B |
| Days Sales Outstanding | 80.29 | 82.9 | 85.75 | 79.39 | 78.35 | 141.04 | 75.39 | 79.78 | 69.53 | 69.99 | 73.63 | 69.26 | 70.87 | 75.23 | 75.76 | 72.52 | 71.15 | 71.73 | 72.39 | 68.18 |
| Inventory | 2.16B | 2B | 2.18B | 2.22B | 2.12B | 1.85B | 2.26B | 2.3B | 2.33B | 1.93B | 2.22B | 2.51B | 2.6B | 2.27B | 2.41B | 2.48B | 2.44B | 2.17B | 2.25B | 2.23B |
| Days Inventory Outstanding | 82.25 | 78.44 | 83.54 | 81.18 | 83.21 | 134.05 | 78.8 | 85.99 | 79.37 | 75.44 | 78.95 | 81.05 | 84.44 | 82.13 | 79.77 | 75.78 | 76.89 | 75.53 | 75.32 | 71.65 |
| Other Current Assets | 508M | 408M | 415M | 450M | 464M | 368M | 675M | 448M | 524M | 922M | 441M | 445M | 517M | 444M | 449M | 465M | 496M | 379M | 365M | 417M |
| Total Non-Current Assets | 14.18B | 0 | 13.92B | 13.91B | 13.24B | 12.88B | 13.95B | 13.95B | 14.2B | 14.22B | 13.95B | 14.15B | 13.91B | 13.57B | 13.38B | 13.82B | 14.26B | 14.58B | 14.58B | 14.91B |
| Property, Plant & Equipment | 4.6B | 0 | 0 | 4.32B | 4.16B | 4.06B | 4.42B | 4.45B | 4.44B | 4.02B | 4.23B | 4.25B | 4.18B | 4.16B | 3.96B | 4.05B | 4.2B | 4.33B | 4.26B | 4.36B |
| Fixed Asset Turnover | 0.85x | - | - | 0.99x | 0.90x | 0.51x | 1.03x | 0.95x | 1.02x | 1.05x | 1.09x | 1.15x | 1.05x | 1.03x | 1.12x | 1.14x | 1.01x | 0.98x | 1.02x | 1.06x |
| Goodwill | 6.15B | 0 | 6.12B | 6.11B | 5.82B | 5.69B | 6.08B | 6.05B | 6.14B | 6.12B | 6.18B | 6.29B | 6.16B | 6.08B | 5.88B | 6.12B | 6.23B | 6.25B | 6.21B | 6.23B |
| Intangible Assets | 1.96B | 0 | 1.98B | 2.02B | 1.93B | 1.92B | 2.2B | 2.27B | 2.4B | 2.26B | 2.42B | 2.49B | 2.44B | 2.41B | 2.35B | 2.45B | 2.59B | 2.78B | 2.84B | 3.02B |
| Long-Term Investments | 346M | 0 | 342M | 338M | 317M | 331M | 300M | 295M | 275M | 254M | 264M | 262M | 255M | 244M | 253M | 250M | 267M | 274M | 272M | 269M |
| Other Non-Current Assets | 625M | 0 | 5.48B | 594M | 596M | 569M | 580M | 570M | 601M | 1.29B | 628M | 602M | 603M | 583M | 752M | 740M | 734M | 742M | 696M | 685M |
| Total Assets | 22.15B | 7.96B | 22.14B | 22.1B | 21.14B | 19.43B | 21.86B | 21.73B | 21.87B | 21.65B | 21.5B | 22.22B | 22.1B | 20.74B | 20.87B | 21.57B | 21.89B | 21.35B | 21.88B | 22.35B |
| Asset Turnover | 0.26x | 0.26x | 0.18x | 0.19x | 0.18x | 0.10x | 0.21x | 0.19x | 0.20x | 0.20x | 0.21x | 0.22x | 0.20x | 0.20x | 0.21x | 0.22x | 0.20x | 0.19x | 0.20x | 0.21x |
| Asset Growth % | 4.78% | -59.04% | 1.31% | 1.7% | -3.32% | -10.23% | 1.66% | -2.19% | -1.05% | 4.35% | 3.03% | 2.99% | 0.96% | -2.84% | -4.64% | -3.49% | 8.68% | 9.18% | 19.58% | 23.02% |
| Total Current Liabilities | 4.95B | 4.9B | 5.61B | 5.76B | 5.84B | 5.01B | 5B | 5.22B | 4.94B | 5.05B | 5.1B | 5.42B | 4.87B | 4.72B | 4.93B | 5.17B | 5.17B | 4.77B | 5.46B | 5.49B |
| Accounts Payable | 4B | 3.96B | 3.95B | 4.06B | 0 | 3.04B | 0 | 0 | 0 | 3.31B | 0 | 0 | 0 | 3.47B | 0 | 0 | 0 | 3.73B | 0 | 0 |
| Days Payables Outstanding | 157.41 | 148.4 | 151.84 | 151.95 | - | 198.03 | - | - | - | 120.21 | - | - | - | 121.78 | - | - | - | 127.64 | - | - |
| Short-Term Debt | 874M | 844M | 1.55B | 1.41B | 1.69B | 939M | 339M | 639M | 311M | 306M | 606M | 809M | 209M | 313M | 314M | 325M | 319M | 9M | 704M | 770M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 78M | 99M | 115M | 147M | 4.01B | 294M | 4.46B | 4.39B | 4.44B | 555M | 4.3B | 4.42B | 4.47B | 215M | 4.43B | 4.66B | 4.66B | 260M | 4.57B | 4.52B |
| Current Ratio | 1.61x | 1.62x | 1.47x | 1.42x | 1.35x | 1.31x | 1.58x | 1.49x | 1.55x | 1.47x | 1.48x | 1.49x | 1.68x | 1.52x | 1.52x | 1.50x | 1.47x | 1.42x | 1.34x | 1.36x |
| Quick Ratio | 1.17x | 1.22x | 1.08x | 1.04x | 0.99x | 0.94x | 1.13x | 1.05x | 1.08x | 1.09x | 1.05x | 1.03x | 1.15x | 1.04x | 1.03x | 1.02x | 1.00x | 0.97x | 0.92x | 0.95x |
| Cash Conversion Cycle | 5.13 | 12.95 | 17.45 | 8.62 | - | 77.06 | - | - | - | 25.23 | - | - | - | 35.58 | - | - | - | 19.62 | - | - |
| Total Non-Current Liabilities | 8.94B | 6.6B | 8.58B | 8.59B | 8.21B | 7.46B | 8.89B | 8.56B | 8.8B | 8.57B | 8.47B | 9.01B | 9.98B | 9.31B | 9.8B | 10.12B | 10.38B | 10.17B | 10.01B | 10.45B |
| Long-Term Debt | 6.4B | 6.6B | 6.36B | 5.92B | 5.57B | 4.88B | 6.14B | 5.76B | 5.94B | 5.75B | 5.6B | 6.1B | 7.08B | 6.5B | 6.48B | 6.77B | 6.83B | 6.57B | 6.09B | 6.39B |
| Capital Lease Obligations | 455M | 0 | 467M | 475M | 466M | 454M | 596M | 604M | 600M | 417M | 622M | 633M | 632M | 636M | 631M | 641M | 684M | 693M | 709M | 736M |
| Deferred Tax Liabilities | 496M | 0 | 506M | 501M | 464M | 405M | 496M | 509M | 554M | 500M | 566M | 577M | 571M | 501M | 539M | 573M | 667M | 646M | 642M | 683M |
| Other Non-Current Liabilities | 1.59B | 0 | 1.25B | 1.7B | 1.71B | 1.72B | 1.66B | 1.68B | 1.7B | 1.91B | 1.68B | 1.7B | 1.69B | 1.67B | 2.15B | 2.14B | 2.2B | 2.26B | 2.57B | 2.65B |
| Total Liabilities | 13.9B | 11.5B | 14.19B | 14.36B | 14.05B | 12.47B | 13.89B | 13.78B | 13.74B | 13.62B | 13.57B | 14.42B | 14.85B | 14.04B | 14.72B | 15.28B | 15.55B | 14.94B | 15.47B | 15.94B |
| Total Debt | 7.73B | 7.45B | 8.37B | 7.95B | 7.86B | 6.39B | 7.27B | 7.2B | 7.04B | 6.6B | 7.01B | 7.73B | 8.11B | 7.63B | 7.6B | 7.92B | 8.03B | 7.47B | 7.7B | 8.09B |
| Net Debt | 6.16B | 5.28B | 6.54B | 6.39B | 6.03B | 5.13B | 6.02B | 6.07B | 5.86B | 5.11B | 5.79B | 6.5B | 6.68B | 6.54B | 6.57B | 6.98B | 7.07B | 6.46B | 6.48B | 6.89B |
| Debt / Equity | 0.94x | - | 1.05x | 1.03x | 1.11x | 0.92x | 0.91x | 0.91x | 0.87x | 0.82x | 0.88x | 0.99x | 1.12x | 1.14x | 1.24x | 1.26x | 1.27x | 1.16x | 1.20x | 1.26x |
| Debt / EBITDA | 11.77x | 12.75x | 14.54x | 10.12x | 13.06x | 13.64x | 9.49x | 8.79x | 10.16x | 11.11x | 9.52x | 9.35x | 16.28x | 15.30x | 12.54x | 12.37x | 15.41x | 21.45x | 13.39x | 12.11x |
| Net Debt / EBITDA | 9.37x | 9.05x | 11.36x | 8.14x | 10.02x | 10.93x | 7.86x | 7.41x | 8.46x | 8.60x | 7.86x | 7.86x | 13.42x | 13.10x | 10.84x | 10.91x | 13.56x | 18.57x | 11.27x | 10.32x |
| Interest Coverage | 8.61x | 7.71x | 9.55x | 10.65x | 9.96x | 1.18x | 10.12x | 11.50x | 10.78x | 4.37x | 9.70x | 10.64x | 6.98x | 7.02x | 10.09x | 15.89x | 3.60x | 10.40x | 15.70x | 20.13x |
| Total Equity | 8.25B | -3.54B | 7.96B | 7.74B | 7.09B | 6.96B | 7.97B | 7.95B | 8.13B | 8.02B | 7.93B | 7.79B | 7.25B | 6.71B | 6.14B | 6.29B | 6.33B | 6.41B | 6.41B | 6.41B |
| Equity Growth % | 16.38% | -150.89% | -0.2% | -2.53% | -12.72% | -13.22% | 0.47% | 1.96% | 12.04% | 19.59% | 29.15% | 23.86% | 14.53% | 4.65% | -4.15% | -1.87% | 6.1% | 10.25% | 18.18% | 29.83% |
| Book Value per Share | 36.78 | -15.73 | 35.13 | 34.01 | 30.98 | 29.71 | 34.02 | 33.71 | 34.30 | 33.81 | 33.41 | 32.84 | 30.62 | 28.36 | 25.97 | 26.48 | 26.59 | 26.80 | 26.73 | 26.73 |
| Total Shareholders' Equity | 8.1B | -3.54B | 7.8B | 7.58B | 6.93B | 6.79B | 7.79B | 7.77B | 7.94B | 7.83B | 7.75B | 7.61B | 7.14B | 6.59B | 6.03B | 6.18B | 6.22B | 6.29B | 6.25B | 6.24B |
| Common Stock | 969M | 0 | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M | 969M |
| Retained Earnings | 23.16B | 0 | 22.8B | 22.51B | 22.21B | 21.99B | 22.43B | 22.12B | 21.75B | 21.5B | 21.56B | 21.29B | 20.95B | 20.83B | 20.74B | 20.55B | 20.25B | 20.37B | 20.23B | 20.02B |
| Treasury Stock | -15.21B | 0 | -15.02B | -14.87B | -14.72B | -14.34B | -14.09B | -13.9B | -13.75B | -13.6B | -13.5B | -13.51B | -13.52B | -13.53B | -13.53B | -13.53B | -13.38B | -13.39B | -13.14B | -13.14B |
| Accumulated OCI | -2.18B | 0 | -2.26B | -2.34B | -2.83B | -3.11B | -2.78B | -2.66B | -2.25B | -2.24B | -2.47B | -2.3B | -2.41B | -2.81B | -3.27B | -2.92B | -2.71B | -2.75B | -2.87B | -2.66B |
| Minority Interest | 150M | 0 | 156M | 167M | 165M | 177M | 184M | 178M | 185M | 191M | 184M | 178M | 111M | 117M | 110M | 109M | 115M | 125M | 157M | 169M |