ODP Corp (ODP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,529,000 | 3,886,000 | 4,149,000 | 4,865,000 | 5,558,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,529,000K
= 0.00
The debt-to-assets ratio of ODP Corp has remained consistently at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This implies that the company has not used debt financing to acquire its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's total liabilities are not funded by external debt but rather by other sources such as equity or retained earnings. This can be considered a positive sign in terms of financial stability and risk management, as the company is not overly reliant on debt to finance its operations and investments.
Peer comparison
Dec 31, 2024