PPG Industries Files 2024 10-K: Debt and Assets Detailed
Ticker: PPG · Form: 10-K · Filed: Feb 20, 2025 · CIK: 79879
| Field | Detail |
|---|---|
| Company | Ppg Industries Inc (PPG) |
| Form Type | 10-K |
| Filed Date | Feb 20, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financials, annual-report
TL;DR
PPG 2024 10-K out: $2.4B current debt, $2.7B long-term debt. Total assets $10.1B.
AI Summary
PPG Industries Inc. filed its 2024 10-K on February 20, 2025, reporting on its fiscal year ending December 31, 2024. The company, a major player in paints, varnishes, and allied products, operates under SIC code 2851. Key financial data includes $2.4 billion in current debt and $2.7 billion in long-term debt, with total assets valued at $10.1 billion.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of PPG Industries' financial health and operational performance for the fiscal year 2024, including significant debt obligations and asset base.
Risk Assessment
Risk Level: medium — The company reports substantial debt levels, which can increase financial risk, especially in a rising interest rate environment.
Key Numbers
- $2.4B — Debt Current (Represents short-term borrowing obligations as of fiscal year-end 2024.)
- $2.7B — Long-Term Debt (Represents PPG's non-current debt obligations as of fiscal year-end 2024.)
- $10.1B — Property, Plant and Equipment, Net (Indicates the net book value of PPG's fixed assets as of fiscal year-end 2024.)
Key Players & Entities
- PPG INDUSTRIES INC (company) — Filer of the 10-K
- 20241231 (date) — Fiscal year end
- 20250220 (date) — Filing date
- 2851 (other) — Standard Industrial Classification for Paints, Varnishes, Lacquers, Enamels & Allied Products
- PITTSBURGH (location) — Company headquarters city
- PA (location) — Company headquarters state
- $2.4B (dollar_amount) — Current Debt
- $2.7B (dollar_amount) — Long-term Debt
- $10.1B (dollar_amount) — Total Assets
FAQ
What was PPG Industries' total revenue for the fiscal year 2024?
The provided snippet does not contain information on total revenue for fiscal year 2024.
What is the company's net income or loss from discontinued operations for 2024?
The filing references 'IncomeLossFromDiscontinuedOperationsNetOfTax' but does not provide the specific dollar amount in this snippet.
How much cash and cash equivalents did PPG Industries have at the end of 2024?
The provided snippet does not explicitly list cash and cash equivalents.
What were PPG's total current liabilities as of December 31, 2024?
The filing indicates 'AccountsPayableAndAccruedLiabilitiesCurrent' and 'OtherLiabilitiesNoncu' but does not provide a consolidated figure for total current liabilities in this snippet.
What is the company's primary industry classification?
PPG Industries Inc. is classified under Standard Industrial Classification 2851, which covers Paints, Varnishes, Lacquers, Enamels & Allied Products.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 20, 2025 regarding PPG INDUSTRIES INC (PPG).