On Holding Ltd (ONON) — Tangible Net Worth Ratio
On Holding Ltd (ONON) has a Tangible Net Worth Ratio of 100.0% as of March 2026. This metric is calculated by deducting intangible assets ($0.00) from net assets ($1.77 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore On Holding Ltd annual equity growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
On Holding Ltd Tangible Net Worth Ratio (2019–2025)
This chart shows how On Holding Ltd's Tangible Net Worth Ratio has changed across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 100.0%, reflecting net assets of $1.77 Billion with intangible assets of $0.00 USD. For live market cap and overall valuation, see how much is On Holding Ltd worth.
Annual Tangible Net Worth Ratio for On Holding Ltd (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for On Holding Ltd from 2019 to 2025, covering 7 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore how much does On Holding Ltd reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.7% | $1.63 Billion | $54.26 Million | $2.84 Billion | ▲ +0.7 pp |
| 2024 | 95.9% | $1.39 Billion | $56.50 Million | $2.38 Billion | ▲ +1.8 pp |
| 2023 | 94.2% | $1.07 Billion | $62.80 Million | $1.59 Billion | ▲ +1.2 pp |
| 2022 | 92.9% | $969.50 Million | $68.50 Million | $1.38 Billion | ▼ -0.5 pp |
| 2021 | 93.4% | $848.40 Million | $55.70 Million | $1.24 Billion | ▲ +15.0 pp |
| 2020 | 78.4% | $245.09 Million | $52.88 Million | $382.57 Million | ▼ -15.2 pp |
| 2019 | 93.6% | $64.41 Million | $4.12 Million | $143.63 Million | — |