PPG Industries Debt instrument, covenant, total indebtedness to total capitalization ratio, maximum, percentage remained flat by 0.0% to 60.0% in Q2 2023 compared to the prior quarter.
A lower ratio relative to the maximum indicates higher financial headroom and lower risk of covenant breach.
This is the maximum allowable ratio of total indebtedness to total capitalization as defined by the company's debt coven...
Varies by credit agreement; peers in the industrial sector typically maintain significant buffers below these limits.
other_debt_instrument_covenant_total_indebtedness_to_tot_edbd11| Q2 '21 | Q3 '21 | Q2 '23 | |
|---|---|---|---|
| Value | 60% | 60% | 60% |
| QoQ Change | — | +0.0% | +0.0% |