On Holding Ltd (ONON) — Cash Flow-to-Debt Ratio
On Holding Ltd (ONON) has a Cash Flow-to-Debt Ratio of 0.13x as of September 2025, meaning its operating cash flow of $157.30 Million could theoretically repay 0% of its total liabilities ($1.21 Billion) in one year. See ONON FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
On Holding Ltd Cash Flow-to-Debt Ratio (2019–2024)
Historical debt coverage capacity for On Holding Ltd across 6 annual periods. Also explore ONON year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for On Holding Ltd (2019–2024)
Year-by-year debt coverage analysis for On Holding Ltd. For market capitalisation and broader financial context, see ONON market cap overview.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.52x | $510.60 Million | $984.90 Million | ▲ +15.8% |
| 2023 | 0.45x | $232.10 Million | $518.50 Million | ▲ +181.4% |
| 2022 | -0.55x | $-227.00 Million | $412.90 Million | ▼ -1362.5% |
| 2021 | 0.04x | $16.90 Million | $388.10 Million | ▲ +140.7% |
| 2020 | -0.11x | $-14.70 Million | $137.48 Million | ▼ -62.3% |
| 2019 | -0.07x | $-5.22 Million | $79.21 Million | — |