PPG Industries PPG Debt instrument, covenant, total indebtedness to total capitalization ratio, maximum, percentage
Debt instrument, covenant, total indebtedness to total capitalization ratio, maximum, percentage at other companies
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Where this comes from
Reported directly by PPG Industries in its filing.
Tagged under the XBRL concept ppg:DebtInstrumentCovenantTotalIndebtednessToTotalCapitalizationRatioMaximumPercentage.
The source filing: PPG Industries’s 10-Q, filed July 29, 2026.
- Filed
- Jul 29, 2026, 3:03 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000079879-26-000252
The Term Loan, Credit Agreement and Euro Credit Agreement also require the Company to maintain a ratio of Total Indebtedness to Total Capitalization, as defined in the Credit Agreement, of 60% or less; provided, that for any fiscal quarter in which the Company has made an acquisition for consideration in excess of $1 billion and for the next five fiscal quarters thereafter, the ratio of Total Indebtedness to Total Capitalization may not exceed 65% at any time. As of June 30, 2026, Total Indebtedness to Total Capitalization as defined under the Credit Agreement was 44%.
Item 1. Financial Statements (Unaudited):
FAQ
- What is PPG Industries's debt instrument, covenant, total indebtedness to total capitalization ratio, maximum, percentage?
- PPG Industries (PPG) reported debt instrument, covenant, total indebtedness to total capitalization ratio, maximum, percentage of 60% in Q2 2023.
- What does debt instrument, covenant, total indebtedness to total capitalization ratio, maximum, percentage mean?
- This is the maximum allowable ratio of total indebtedness to total capitalization as defined by the company's debt covenants. It serves as a critical threshold that the company must maintain to avoid technical default on its credit agreements. Monitoring this provides insight into the company's remaining debt capacity and financial flexibility.
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