O-I Glass has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
O-I Glass's Interest Coverage for the quarter that ended in Dec. 2023 was 0.78.
O-I Glass's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.75.
As of today, O-I Glass's Altman Z-Score is 1.23.
Competitive Comparison
For the Packaging & Containers subindustry, O-I Glass's Financial Strength, along with its competitors' market caps and Financial Strength 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.
O-I Glass Financial Strength Distribution
For the Packaging & Containers industry and Consumer Cyclical sector, O-I Glass's Financial Strength distribution charts can be found below:
* The bar in red indicates where O-I Glass's Financial Strength falls into.
O-I Glass Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
O-I Glass's Interest Expense for the
months ended in Dec. 2023 was $-79 Mil. Its Operating Income for the
months ended in Dec. 2023 was $62 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,698 Mil.
O-I Glass's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
O-I Glass's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
O-I Glass has a Z-score of 1.23, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.23 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
O-I Glass (O-I Glass) Business Description
Traded in Other Exchanges
Address
One Michael Owens Way, Perrysburg, OH, USA, 43551
O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a market-leading position in key markets such as Europe, North America, and Brazil, among others. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.
Executives
| Andres Alberto Lopez |
officer: VP, President of Latin America |
ONE MICHAEL OWENS WAY, PERRYSBURG OH 43551 |
| Vitaliano Torno |
officer: President, O-I Europe |
O-I EUROPE SARL, EU HQ MEX EN FARAZ 5, VUFFLENS-LA-VILLE V8 1302 |
| Arnaud Aujouannet |
officer: SVP & Chief Sales & Marketing |
ONE MICHAEL OWENS WAY, PLAZA ONE, PERRYSBURG OH 43551 |
| Clark David V Ii |
director |
C/O O-I GLASS, INC., ONE MICHAEL OWENS WAY, PLAZA 1, PERRYSBURG OH 43551 |
| Darrow A Abrahams |
officer: SVP, GC & Corporate Secretary |
ONE MICHAEL OWENS WAY, PERRYSBURG OH 43551 |
| Mary Beth Wilkinson |
officer: Senior VP, GC & Secretary |
2350 GREEN ROAD, SUITE 100, ANN ARBOR MI 48105 |
| Samuel R. Chapin |
director |
940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451 |
| Catherine I Slater |
director |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Peter S Hellman |
director |
ONE BAXTER PARKWAY, DEERFIELD IL 60015 |
| Carol A Dudley-williams |
director |
912 W. SUGNET RD., MIDLAND MI 48640 |
| John H Walker |
director |
233 SOUTH WACKER DRIVE, CHICAGO IL 60606 |
| Timothy Connors |
officer: President, O-I Asia Pacific |
36 BURWOOD ROAD, HAWTHORN, VIC C3 3195 |
| Moyano Giancarlo Currarino |
officer: SVP, Chief Tech & SC Officer |
ONE MICHAEL OWENS WAY, PLAZA ONE, PERRYSBURG OH 43551 |
| John Humphrey |
director |
ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., SUITE 500, CHARLOTTE NC 28209 |
| Joseph D Rupp |
director |
QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027 |
O-I Glass (O-I Glass) Headlines
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