ODP Corp (ODP)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 1,000 | — | — | — | 3,000 | — | — | — | 6,000 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 3,886,000 | 3,980,000 | 3,961,000 | 4,041,000 | 4,149,000 | 4,418,000 | 4,474,000 | 4,529,000 | 4,865,000 | 5,351,000 | 5,378,000 | 5,598,000 | 5,614,000 | 5,745,000 | 5,865,000 | 6,454,000 | 7,311,000 | 7,343,000 | 7,353,000 | 7,471,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of ODP Corp has consistently been 0.00 over the past five years, based on the data provided. This indicates that the company has not relied on debt financing to fund its operations and investments, as its total debt liabilities are either minimal or non-existent relative to its total assets.
A debt-to-assets ratio of 0.00 signifies that the company's assets are primarily financed through equity and retained earnings, rather than through borrowing. This can be viewed positively by investors and creditors, as it suggests that the company has a strong financial position with low financial risk associated with debt obligations.
Overall, a consistent debt-to-assets ratio of 0.00 reflects ODP Corp's conservative financial management strategy and the ability to operate without a significant reliance on external debt to support its business activities.
Peer comparison
Dec 31, 2023