Organon & Co (OGN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 13,101,000 | 12,058,000 | 10,955,000 | 10,681,000 | 10,434,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,101,000K
= 0.00
The debt-to-assets ratio of Organon & Co has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity rather than debt, which may indicate a low financial risk as there is no leverage involved in the company's capital structure. Organon & Co's consistent 0.00 debt-to-assets ratio suggests a conservative financial strategy and a strong financial position with no reliance on borrowed funds to support its asset base.
Peer comparison
Dec 31, 2024