On Holding Ltd (ONON) — Cash Flow Reinvestment Rate

Latest as of March 2026: 0.72x

On Holding Ltd (ONON) has a Cash Flow Reinvestment Rate of 0.72x as of March 2026, reinvesting $17.07 Million (capex $17.07 Million ) from operating cash flow of $23.62 Million. Check On Holding Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.72x
(Capex + Investments) / Operating CF

Total Reinvested

$17.07 Million
Capex + Investments

Operating Cash Flow

$23.62 Million
USD

Capital Expenditures

$17.07 Million
USD

On Holding Ltd Cash Flow Reinvestment Rate (2021–2025)

Historical reinvestment intensity for On Holding Ltd across 4 annual periods. Explore debt repayment capacity of On Holding Ltd to assess how comfortably operating cash covers total debt obligations.

Annual Cash Flow Reinvestment Rate for On Holding Ltd (2021–2025)

Year-by-year capital reinvestment analysis for On Holding Ltd. For live market cap and broader valuation context, see market cap of On Holding Ltd.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.22x $69.62 Million $322.80 Million $69.62 Million ▼ -15.2%
2024 0.25x $129.90 Million $510.60 Million $65.00 Million ▼ -37.4%
2023 0.41x $94.30 Million $232.10 Million $47.20 Million ▼ -90.5%
2021 4.30x $72.64 Million $16.90 Million $36.20 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow