On Holding Ltd (ONON) — Free Cash Flow Generation Index
On Holding Ltd (ONON) has a Free Cash Flow Generation Index of 0.87x as of September 2025. Free cash flow of $136.80 Million represents 1% of operating cash flow ($157.30 Million). See On Holding Ltd (ONON) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
On Holding Ltd Free Cash Flow Generation Index (2021–2024)
Historical FCF Generation Index trend for On Holding Ltd across 3 annual periods. Explore On Holding Ltd cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for On Holding Ltd (2021–2024)
Year-by-year Free Cash Flow Generation Index for On Holding Ltd. For the full company profile including market capitalisation, see how much is On Holding Ltd worth.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.87x | $445.60 Million | $510.60 Million | $65.00 Million | ▲ +9.5% |
| 2023 | 0.80x | $184.90 Million | $232.10 Million | $47.20 Million | ▲ +169.8% |
| 2021 | -1.14x | $-19.30 Million | $16.90 Million | $36.20 Million | — |