Organon & Co (OGN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | -70,000 | -892,000 | -1,508,000 |
| Debt-to-capital ratio | 1.01 | 1.11 | 1.20 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,751,000K ÷ ($8,751,000K + $-70,000K)
= 1.01
The debt-to-capital ratio of Organon & Co. has shown a downward trend from 1.20 in 2021 to 1.01 in 2023. This indicates that the company has been reducing its reliance on debt to finance its operations and investments relative to its total capital over these years. However, it is important to note that there is missing data for the ratio in 2020, which could impact the trend analysis. Furthermore, the substantial decrease in the ratio from 2019 (0.01) to 2020 or potential subsequent years would need further investigation to understand the reasons behind such a significant shift. Overall, the decreasing trend in the debt-to-capital ratio suggests potential improvements in Organon & Co.'s overall financial leverage and risk management.
Peer comparison
Dec 31, 2023