Organon & Co (OGN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,751,000 | 8,905,000 | 9,125,000 |
| Total assets | US$ in thousands | 12,058,000 | 10,955,000 | 10,681,000 |
| Debt-to-assets ratio | 0.73 | 0.81 | 0.85 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,751,000K ÷ $12,058,000K
= 0.73
The debt-to-assets ratio of Organon & Co. has shown a decreasing trend from 2019 to 2023, indicating a stronger financial position in terms of leveraging debt to finance assets. In 2020, the ratio significantly dropped to 0.00, suggesting either a period of debt repayment or a substantial increase in assets without a corresponding rise in debt. The subsequent years saw a gradual increase in the ratio, reaching 0.73 in 2023. This trend may indicate a return to a more balanced approach in utilizing debt for asset acquisition. Overall, the company's decreasing debt-to-assets ratio reflects a favorable financial position with lower dependency on debt for asset financing over the years.
Peer comparison
Dec 31, 2023