ODP Corp (ODP)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 4.37 | 4.31 | 4.09 | 3.49 | 3.53 | 3.45 | 3.41 | 3.52 | 3.22 | 2.95 | 2.96 | 3.04 | 3.38 | 2.87 | 2.92 | 2.86 | 2.96 | 3.20 | 3.42 | 3.02 |
The solvency ratios of ODP Corp indicate a strong financial position with consistently low debt levels relative to assets, capital, and equity.
- The Debt-to-assets ratio has remained at 0.00 throughout the reported periods, indicating that the company has no debt in relation to its total assets. This signifies a low risk of insolvency and a healthy balance sheet structure.
- Similarly, the Debt-to-capital ratio has consistently stood at 0.00, showing that the company's capital structure is not burdened by debt obligations. This also highlights ODP Corp's ability to fund its operations without relying heavily on borrowed funds.
- The Debt-to-equity ratio has also been consistently reported as 0.00, indicating that the company's equity is sufficient to finance its operations without resorting to debt financing. This reflects a strong financial position and a favorable risk profile for potential investors.
- The Financial leverage ratio, which measures the degree of financial leverage in the company, has shown stability over time, ranging between 2.86 and 4.37. Despite some fluctuations, the ratio remains within a moderate range, suggesting that ODP Corp is effectively managing its capital structure and debt levels without overleveraging.
In conclusion, ODP Corp's solvency ratios portray a financially stable and well-capitalized company with minimal debt burdens, indicating a sound financial health and robust financial management practices.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.64 | 4.85 | 5.11 | 8.16 | 11.45 | 14.20 | 16.69 | 17.47 | 16.20 | 13.53 | 11.78 | 10.64 | 10.44 | 9.81 | 10.81 | 7.94 | 6.33 | 5.86 | 4.57 | 4.67 |
The interest coverage ratio for ODP Corp shows a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to meet its interest obligations from its operating income.
Initially, in March 2020, the interest coverage ratio stood at 4.67, indicating that the company's operating income was sufficient to cover its interest expenses 4.67 times. The ratio remained relatively stable around 4.5 to 6.3 until March 2021.
From March 2021 to June 2022, there was a noticeable increase in the interest coverage ratio, rising steadily from 7.94 to 11.78. This indicates an improvement in the company's ability to cover its interest payments, potentially due to increased profitability or lower interest expenses.
However, from September 2022 onwards, the interest coverage ratio began to decline, reaching its peak at 16.20 in December 2022 before dropping to 4.85 by September 30, 2024. This significant decline in the ratio may indicate a potential strain on the company's ability to cover its interest payments from operating income during this period.
Overall, the fluctuating trend in ODP Corp's interest coverage ratio suggests varying levels of financial health and risk with respect to its ability to meet interest obligations from operating income over the analyzed period.