ODP Corp (ODP)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,101,000K
= 0.00
The debt-to-equity ratio of ODP Corp has consistently shown a value of 0.00 across all the reported periods. This indicates that the company has not utilized any debt to finance its operations but has relied solely on equity financing. A debt-to-equity ratio of 0.00 suggests that the company's financial structure is conservative, as there is no debt in the capital structure to raise concerns about financial risk or leverage.
Such a low debt-to-equity ratio may indicate that ODP Corp has a strong financial position and may have the ability to withstand economic downturns or financial challenges without the burden of debt obligations. However, it is also important to note that a complete absence of debt in the capital structure may limit the company's ability to take advantage of tax benefits associated with interest payments or to leverage opportunities for growth through debt financing.
In summary, the consistent 0.00 debt-to-equity ratio of ODP Corp reflects a cautious approach to financial management, with a preference for equity financing over debt. While this strategy may offer stability and security, it also poses certain limitations in terms of optimizing capital structure and leveraging financial opportunities.
Peer comparison
Dec 31, 2023