ODP Corp (ODP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,101,000 | 1,155,000 | 1,161,000 | 1,148,000 | 1,287,000 | 1,499,000 | 1,513,000 | 1,492,000 | 1,438,000 | 1,862,000 | 1,841,000 | 1,960,000 | 1,880,000 | 1,795,000 | 1,717,000 | 2,135,000 | 2,173,000 | 2,127,000 | 2,082,000 | 2,106,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,101,000K)
= 0.00
The debt-to-capital ratio of ODP Corp has consistently remained at 0.00 for the past several quarters, indicating that the company has not been utilizing debt to finance its operations and investments relative to its capital structure. A debt-to-capital ratio of 0.00 signifies that the company has zero debt in relation to its total capital, which typically consists of both debt and equity. This could imply that ODP Corp has been relying more on equity financing or has effectively managed its debt levels to maintain a debt-free capital structure. However, it is also important to consider other financial ratios and metrics in conjunction with the debt-to-capital ratio to gain a more comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Dec 31, 2023