On Holding Ltd (ONON) — Cash Flow Quality Index
Latest as of March 2026:
0.22x
On Holding Ltd (ONON) has a Cash Flow Quality Index of 0.22x as of March 2026. Operating cash flow of $23.62 Million is below net income of $105.60 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore ONON cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.22x
Operating CF / Net Income
Operating Cash Flow
$23.62 Million
USD
Net Income
$105.60 Million
USD
Data as of
Mar 2026
Most recent filing
On Holding Ltd Cash Flow Quality Index (2022–2025)
Historical Cash Flow Quality Index for On Holding Ltd across 4 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see ONON operating cash flow.
Annual Cash Flow Quality Index for On Holding Ltd (2022–2025)
Year-by-year earnings quality comparison for On Holding Ltd.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.66x | $322.80 Million | $194.54 Million | ▼ -21.3% |
| 2024 | 2.11x | $510.60 Million | $242.30 Million | ▼ -27.7% |
| 2023 | 2.92x | $232.10 Million | $79.60 Million | ▲ +174.1% |
| 2022 | -3.93x | $-227.00 Million | $57.70 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.