ODP Corp (ODP)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,000 | 3,000 | 6,000 | — |
| Total assets | US$ in thousands | 3,886,000 | 4,149,000 | 4,865,000 | 5,614,000 | 7,311,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,886,000K
= 0.00
The debt-to-assets ratio for ODP Corp has consistently been 0.00 for the past five years, indicating that the company has not used any debt to finance its assets during this period. This suggests that ODP Corp has been relying solely on equity to fund its operations and investments. While a low debt-to-assets ratio is generally considered favorable as it signifies lower financial risk and less reliance on external borrowing, it is important to assess the overall financial health and strategies of the company to understand the implications of this ratio.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
ODP Corp
ODP
0.00
Academy Sports Outdoors Inc
ASO
0.10
Dick’s Sporting Goods Inc
DKS
0.00