ODP Corp (ODP)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,101,000K
= 0.00
Based on the data provided, ODP Corp has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, including as of December 31, 2023. A debt-to-equity ratio of 0.00 indicates that the company has no financial leverage through debt and is entirely financed by equity. This implies that ODP Corp has been funding its operations, investments, and growth using shareholder equity rather than taking on debt. While a low or zero debt-to-equity ratio can signify financial stability and lower default risk, it may also indicate missed opportunities for leveraging debt financing for potential growth or expansion. Overall, ODP Corp's consistent 0.00 debt-to-equity ratio suggests a conservative capital structure and a cautious approach to financial risk management.
Peer comparison
Dec 31, 2023