On Holding Ltd Working Capital to Net Assets Ratio
On Holding Ltd working capital to net assets ratio. On Holding Ltd (ONON) has a Working Capital to Net Assets ratio of 77.0% as of March 2026. Working capital of $1.36 Billion (current assets of $2.05 Billion minus current liabilities of $686.54 Million) is measured against net assets of $1.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of On Holding Ltd (2019–2025)
Working capital to net assets ratio of On Holding Ltd from 2019 to 2025. This chart shows how On Holding Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of March 2026, the ratio stands at 77.0%, reflecting working capital of $1.36 Billion against net assets of $1.77 Billion USD. See On Holding Ltd (ONON) liquidity interval to measure how many days the company can operate on defensive assets alone.
On Holding Ltd Working Capital to Net Assets Ratio by Year (2019–2025)
On Holding Ltd working capital to net assets ratio by year from 2019 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for On Holding Ltd from 2019 to 2025, covering 7 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see how large is On Holding Ltd's balance sheet.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 75.8% | $1.24 Billion | $1.63 Billion | $1.96 Billion | $725.22 Million | ▼ -3.1 pp |
| 2024 | 79.0% | $1.10 Billion | $1.39 Billion | $1.76 Billion | $660.40 Million | ▲ +0.3 pp |
| 2023 | 78.7% | $845.70 Million | $1.07 Billion | $1.15 Billion | $305.60 Million | ▼ -4.7 pp |
| 2022 | 83.4% | $808.80 Million | $969.50 Million | $1.05 Billion | $242.70 Million | ▼ -6.1 pp |
| 2021 | 89.5% | $759.60 Million | $848.40 Million | $964.60 Million | $205.00 Million | ▲ +9.6 pp |
| 2020 | 79.9% | $195.90 Million | $245.09 Million | $282.26 Million | $86.36 Million | ▼ -5.2 pp |
| 2019 | 85.2% | $54.85 Million | $64.41 Million | $120.16 Million | $65.30 Million | — |