On Holding Ltd (ONON) — Financial Flexibility Index
On Holding Ltd (ONON) has a Financial Flexibility Index of 0.03x as of March 2026. Free cash flow of $40.69 Million (operating CF $23.62 Million minus capex $17.07 Million) represents 0% of total liabilities ($1.19 Billion). Check how strategically is On Holding Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
On Holding Ltd Financial Flexibility Index (2019–2025)
Historical Financial Flexibility Index trend for On Holding Ltd across 7 annual periods. See ONON working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for On Holding Ltd (2019–2025)
Year-by-year free cash flow to debt coverage for On Holding Ltd. For the full company profile including market capitalisation, see On Holding Ltd (ONON) market capitalisation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.33x | $392.43 Million | $322.80 Million | $1.20 Billion | ▼ -44.2% |
| 2024 | 0.58x | $575.60 Million | $510.60 Million | $984.90 Million | ▲ +8.5% |
| 2023 | 0.54x | $279.30 Million | $232.10 Million | $518.50 Million | ▲ +254.5% |
| 2022 | -0.35x | $-144.00 Million | $-227.00 Million | $412.90 Million | ▼ -354.9% |
| 2021 | 0.14x | $53.10 Million | $16.90 Million | $388.10 Million | ▲ +382.3% |
| 2020 | 0.03x | $3.90 Million | $-14.70 Million | $137.48 Million | ▼ -43.8% |
| 2019 | 0.05x | $4.00 Million | $-5.22 Million | $79.21 Million | — |