O-I Glass, Inc. (OI) Balance Sheet

NYSE: OIAssets, liabilities, debt and equity over 10 years.

OI balance sheet, 2025

December 31, 2025 · U.S. dollars

$9.24B assets = $7.80B liabilities + $1.45B equity

Both columns are drawn to the same scale: what OI owns equals what it owes plus shareholders’ equity. Hover a block for its value.

OI financial health

Current ratio1.25

Adequate · current assets cover current liabilities 1.25×

Debt / equity3.86

High leverage · $3.86 of debt for each $1 of equity

Equity / assets14.0%

Thin equity · of assets funded by shareholders

Cash / debt15.2%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles18.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

OI balance sheet trends, 2016–2025

O-I Glass, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$9.13B2016	$9.24B2025	+0.1%/yr
Total liabilities	$8.77B2016	$7.80B2025	−1.3%/yr
Shareholders’ equity	$363.0M2016	$1.29B2025	+15.2%/yr
Cash & short-term investments	$492.0M2016	$759.0M2025	+4.9%/yr
Total debt	$5.33B2016	$5.00B2025	−0.7%/yr
Net cash (debt)	−$4.84B2016	−$4.24B2025	+$596.0M
Working capital	$194.0M2016	$512.0M2025	+$318.0M
Book value per share	$2.232016	$8.432025	+15.9%/yr
Current ratio	1.092016	1.252025	+0.15
Debt / equity	14.682016	3.862025	−10.81
Shares outstanding	162.8M2016	153.6M2025	−0.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

OI assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

OI liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

OI debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

OI balance sheet

O-I Glass, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$759.0M	$734.0M	$913.0M	$773.0M	$725.0M	$563.0M	$551.0M	$512.0M	$492.0M	$492.0M
Cash & equivalents	$759.0M	$734.0M	$913.0M	$773.0M	$725.0M	$563.0M	$551.0M	$512.0M	$492.0M	$492.0M
Short-term investments	—	—	—	—	—	$673.0M	—	—	$0	$0
Receivables	$601.0M	$572.0M	$671.0M	$760.0M	$692.0M	$623.0M	$621.0M	$549.0M	$663.0M	$580.0M
Inventory	$1.00B	$963.0M	$1.07B	$848.0M	$816.0M	$841.0M	$1.04B	$1.02B	$1.04B	$983.0M
Other current assets	$239.0M	$209.0M	$229.0M	$222.0M	$286.0M	$270.0M	$271.0M	$278.0M	$229.0M	$199.0M
Total current assets	$2.60B	$2.48B	$2.88B	$2.60B	$2.52B	$2.30B	$2.49B	$2.36B	$2.42B	$2.25B
Property, plant & equipment (net)	$3.63B	$3.50B	$3.77B	$3.19B	$2.93B	$3.04B	$3.48B	$3.08B	$3.13B	$2.88B
Goodwill & intangible assets	$1.71B	$1.56B	$1.77B	$2.12B	$2.17B	$2.33B	$2.38B	$2.91B	$3.03B	$2.93B
Long-term investments	$735.0M	$661.0M	$743.0M	$695.0M	$643.0M	$673.0M	$694.0M	$698.0M	$525.0M	$433.0M
Other non-current assets	$565.0M	$462.0M	$498.0M	$457.0M	$562.0M	$532.0M	$573.0M	$646.0M	$651.0M	$642.0M
Total assets	$9.24B	$8.65B	$9.67B	$9.06B	$8.83B	$8.88B	$9.61B	$9.70B	$9.76B	$9.13B
Liabilities
Accounts payable	$1.20B	$1.14B	$1.44B	$1.35B	$1.21B	$1.13B	$1.28B	$1.32B	$1.32B	$1.14B
Short-term debt	$162.0M	$457.0M	$248.0M	$345.0M	$72.0M	$197.0M	$124.0M	$160.0M	$162.0M	$195.0M
Deferred revenue	—	—	$335.0M	—	—	—	—	—	—	—
Total current liabilities	$2.09B	$2.16B	$2.35B	$2.36B	$1.85B	$1.90B	$2.00B	$2.21B	$2.28B	$2.06B
Long-term debt	$4.84B	$4.55B	$4.70B	$4.37B	$4.75B	$4.95B	$5.43B	$5.18B	$5.12B	$5.13B
Other long-term liabilities	$872.0M	$736.0M	$881.0M	$805.0M	$1.41B	$1.64B	$1.62B	$1.41B	$1.43B	$1.58B
Total liabilities	$7.80B	$7.45B	$7.92B	$7.53B	$8.01B	$8.48B	$9.05B	$8.80B	$8.83B	$8.77B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$3.10B	$3.08B
Retained earnings (deficit)	$548.0M	$676.0M	$782.0M	$885.0M	$301.0M	$152.0M	−$89.0M	$333.0M	$84.0M	−$96.0M
Treasury stock	—	—	—	—	−$701.0M	−$714.0M	−$733.0M	−$705.0M	−$551.0M	−$560.0M
Accumulated other comprehensive income	−$1.62B	−$1.98B	−$1.58B	−$1.86B	−$1.97B	−$2.27B	−$1.84B	−$1.97B	−$1.83B	−$2.17B
Minority interest	$151.0M	$126.0M	$135.0M	$111.0M	$107.0M	$104.0M	$97.0M	$114.0M	$119.0M	$109.0M
Total shareholders' equity	$1.29B	$1.08B	$1.61B	$1.42B	$720.0M	$297.0M	$467.0M	$900.0M	$927.0M	$363.0M
Key figures
Total debt	$5.00B	$5.18B	$4.95B	$4.72B	$4.83B	$5.14B	$5.56B	$5.34B	$5.28B	$5.33B
Net cash (debt)	−$4.24B	−$4.45B	−$4.03B	−$3.94B	−$4.10B	−$4.58B	−$5.01B	−$4.83B	−$4.79B	−$4.84B
Working capital	$512.0M	$318.0M	$538.0M	$246.0M	$673.0M	$399.0M	$493.0M	$150.0M	$140.0M	$194.0M
Tangible book value	−$415.0M	−$477.0M	−$160.0M	−$702.0M	−$1.46B	−$2.04B	−$1.91B	−$2.01B	−$2.10B	−$2.56B
Book value per share	$8.43	$6.98	$10.40	$8.91	$4.49	$1.87	$3.01	$5.55	$5.63	$2.23
Shares outstanding	153.6M	154.6M	154.7M	159.0M	160.3M	158.8M	155.2M	162.1M	164.6M	162.8M
Current ratio	1.25	1.15	1.23	1.10	1.36	1.21	1.25	1.07	1.06	1.09
Quick ratio	0.65	0.60	0.68	0.65	0.77	0.62	0.59	0.48	0.51	0.52
Debt / equity	3.86	4.80	3.07	3.33	6.70	17.31	11.90	5.93	5.70	14.68
Equity / assets	14.0%	12.5%	16.6%	15.6%	8.2%	3.3%	4.9%	9.3%	9.5%	4.0%

O-I Glass, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$339.0M	$317.0M	$759.0M	$556.0M	$487.0M	$424.0M	$734.0M	$755.0M	$671.0M	$395.0M	$913.0M	$792.0M
Cash & equivalents	$339.0M	$317.0M	$759.0M	$556.0M	$487.0M	$424.0M	$734.0M	$755.0M	$671.0M	$395.0M	$913.0M	$792.0M
Receivables	$883.0M	$805.0M	$601.0M	$891.0M	$848.0M	$758.0M	$572.0M	$794.0M	$725.0M	$801.0M	$671.0M	$766.0M
Inventory	$947.0M	$1.00B	$1.00B	$982.0M	$990.0M	$985.0M	$963.0M	$1.05B	$1.15B	$1.21B	$1.07B	$1.10B
Other current assets	$282.0M	$259.0M	$239.0M	$231.0M	$279.0M	$224.0M	$209.0M	$223.0M	$270.0M	$254.0M	$229.0M	$243.0M
Total current assets	$2.45B	$2.38B	$2.60B	$2.66B	$2.60B	$2.39B	$2.48B	$2.82B	$2.82B	$2.66B	$2.88B	$2.90B
Property, plant & equipment (net)	$3.45B	$3.42B	$3.63B	$3.44B	$3.46B	$3.38B	$3.50B	$3.50B	$3.46B	$3.55B	$3.77B	$3.25B
Goodwill & intangible assets	$786.0M	$1.65B	$1.71B	$1.67B	$1.66B	$1.56B	$1.56B	$1.62B	$1.62B	$1.71B	$1.77B	$2.12B
Long-term investments	$0	$0	$735.0M	$0	$0	$0	$661.0M	$0	$0	$0	$743.0M	$0
Other non-current assets	$1.40B	$1.50B	$565.0M	$1.48B	$1.45B	$1.40B	$462.0M	$1.43B	$1.43B	$1.49B	$498.0M	$1.46B
Total assets	$8.09B	$8.95B	$9.24B	$9.26B	$9.18B	$8.73B	$8.65B	$9.37B	$9.33B	$9.41B	$9.67B	$9.73B
Liabilities
Accounts payable	$1.09B	$1.06B	$1.20B	$1.08B	$1.10B	$1.03B	$1.14B	$1.09B	$1.13B	$1.17B	$1.44B	$1.25B
Short-term debt	$193.0M	$160.0M	$162.0M	$170.0M	$236.0M	$226.0M	$416.0M	$537.0M	$500.0M	$815.0M	$248.0M	$159.0M
Deferred revenue	—	—	—	—	—	—	—	—	—	—	$90.0M	—
Total current liabilities	$1.94B	$1.89B	$2.09B	$1.99B	$2.10B	$1.93B	$2.16B	$2.29B	$2.23B	$2.60B	$2.35B	$2.07B
Long-term debt	$4.79B	$4.80B	$4.84B	$4.95B	$4.90B	$4.79B	$4.55B	$4.71B	$4.65B	$4.12B	$4.70B	$4.75B
Other long-term liabilities	$812.0M	$824.0M	$872.0M	$849.0M	$810.0M	$763.0M	$736.0M	$890.0M	$821.0M	$862.0M	$881.0M	$798.0M
Total liabilities	$7.55B	$7.52B	$7.80B	$7.79B	$7.81B	$7.48B	$7.45B	$7.89B	$7.70B	$7.58B	$7.92B	$7.62B
Shareholders' equity
Common stock & paid-in capital	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M	$2.0M
Retained earnings (deficit)	−$497.0M	$475.0M	$548.0M	$686.0M	$656.0M	$660.0M	$676.0M	$830.0M	$911.0M	$854.0M	$782.0M	$1.25B
Accumulated other comprehensive income	−$1.48B	−$1.56B	−$1.62B	−$1.72B	−$1.78B	−$1.91B	−$1.98B	−$1.86B	−$1.79B	−$1.56B	−$1.58B	−$1.67B
Minority interest	$156.0M	$156.0M	$151.0M	$143.0M	$133.0M	—	—	—	—	—	—	—
Total shareholders' equity	$383.0M	$1.28B	$1.29B	$1.33B	$1.24B	$1.11B	$1.08B	$1.35B	$1.50B	$1.69B	$1.61B	$1.99B
Key figures
Total debt	$4.99B	$4.96B	$5.00B	$5.12B	$5.13B	$5.01B	$4.97B	$5.25B	$5.15B	$4.93B	$4.95B	$4.91B
Net cash (debt)	−$4.65B	−$4.64B	−$4.24B	−$4.56B	−$4.65B	−$4.59B	−$4.24B	−$4.49B	−$4.48B	−$4.54B	−$4.03B	−$4.12B
Working capital	$507.0M	$490.0M	$512.0M	$667.0M	$502.0M	$460.0M	$318.0M	$530.0M	$585.0M	$58.0M	$538.0M	$829.0M
Tangible book value	−$403.0M	−$374.0M	−$415.0M	−$346.0M	−$427.0M	−$444.0M	−$477.0M	−$270.0M	−$118.0M	−$21.0M	−$160.0M	−$131.0M
Book value per share	$2.50	$8.36	$8.46	$8.55	$8.03	$7.25	$7.00	$8.72	$9.55	$10.65	$10.43	$12.47
Shares outstanding	153.1M	152.7M	152.9M	155.2M	154.0M	153.7M	154.0M	154.6M	157.4M	158.5M	154.2M	159.3M
Current ratio	1.26	1.26	1.25	1.33	1.24	1.24	1.15	1.23	1.26	1.02	1.23	1.40
Quick ratio	0.63	0.59	0.65	0.73	0.64	0.61	0.60	0.68	0.62	0.46	0.68	0.75
Debt / equity	13.02	3.89	3.86	3.86	4.15	4.50	4.61	3.89	3.43	2.92	3.07	2.47
Equity / assets	4.7%	14.3%	14.0%	14.3%	13.5%	12.8%	12.5%	14.4%	16.1%	17.9%	16.6%	20.4%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.

OI financial position

At the end of fiscal 2025 (December 31, 2025), O-I Glass had total assets of $9.2 billion (up 6.8% from a year earlier), total liabilities of $7.8 billion and shareholders' equity of $1.3 billion. It held $759.0 million in cash and short-term investments against $5.0 billion of debt, net debt of $4.2 billion. Its current ratio was 1.25. In the latest quarter (ended June 30, 2026) total assets were $8.1 billion and equity $383.0 million.

Related: OI income statement, OI cash flow statement, OI key metrics. See the OI stock overview for the latest quote and news.

OI balance sheet FAQ

What are O-I Glass's total assets?

O-I Glass reported total assets of $9.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $8.7 billion a year earlier.

How much debt does O-I Glass have?

O-I Glass had $5.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 3.86.

How much cash does O-I Glass have?

O-I Glass held $759.0 million in cash and short-term investments at the end of fiscal 2025; with $5.0 billion of debt that is net debt of $4.2 billion.

What is O-I Glass's book value?

O-I Glass's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $8.43 per share.

What is O-I Glass's current ratio?

O-I Glass had current assets of $2.6 billion and current liabilities of $2.1 billion, a current ratio of 1.25 (it can cover its short-term obligations).

How much goodwill does O-I Glass have?

O-I Glass carried $1.7 billion of goodwill and intangible assets, 18.5% of total assets, at the end of fiscal 2025.