On Holding AG (On Holding AG) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is On Holding AG Debt-to-Equity?

On Holding AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $45 Mil. On Holding AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $220 Mil. On Holding AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,242 Mil. On Holding AG's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for On Holding AG's Debt-to-Equity or its related term are showing as below:

ONON' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.21 Max: 0.31
Current: 0.21

During the past 5 years, the highest Debt-to-Equity Ratio of On Holding AG was 0.31. The lowest was 0.10. And the median was 0.21.

ONON's Debt-to-Equity is ranked better than
70.78% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.44 vs ONON: 0.21

On Holding AG Debt-to-Equity Historical Data

The historical data trend for On Holding AG's Debt-to-Equity can be seen below:

* 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.

* Premium members only.

On Holding AG Debt-to-Equity Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.31

0.10

0.21

0.17

0.21

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.17	-	0.16	-	0.21

Competitive Comparison of On Holding AG's Debt-to-Equity

For the Footwear & Accessories subindustry, On Holding AG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

On Holding AG's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where On Holding AG's Debt-to-Equity falls into.

On Holding AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

On Holding AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(44.75	+	220.051)	/	1242.484
	=	0.21

On Holding AG's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(44.75	+	220.051)	/	1242.484
	=	0.21

On Holding AG (NYSE:ONON) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

On Holding AG Debt-to-Equity Related Terms

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On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.