ODP Corp (ODP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,101,000 | 1,287,000 | 1,438,000 | 1,880,000 | 2,173,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,101,000K)
= 0.00
The debt-to-capital ratio for ODP Corp has remained consistently at 0.00% over the past five years. This indicates that the company has not utilized any debt financing to fund its operations or investments relative to its total capital structure. A debt-to-capital ratio of 0.00% suggests that the company is primarily funded by equity, which could be viewed positively by investors and creditors as it signifies lower financial risk and interest payment obligations. However, it is important to note that a low debt-to-capital ratio may also limit the company's ability to leverage debt for potential growth opportunities. Overall, ODP Corp's consistent trend of maintaining a debt-to-capital ratio of 0.00% reflects a conservative capital structure approach.
Peer comparison
Dec 31, 2023