Organon & Co (OGN)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 12,058,000 | 10,955,000 | 10,681,000 |
| Total stockholders’ equity | US$ in thousands | -70,000 | -892,000 | -1,508,000 |
| Financial leverage ratio | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,058,000K ÷ $-70,000K
= —
Based on the provided data, the financial leverage ratio for Organon & Co. is not available for the years 2020, 2021, 2022, and 2023 as it is indicated by dashes. However, for the year 2019, the financial leverage ratio was 1.50. This suggests that in 2019, Organon & Co. had a financial leverage ratio of 1.50, indicating that the company relied more on debt financing to fund its operations and investments compared to its equity.
Without the financial leverage ratio data for the subsequent years, it is challenging to assess how the company's capital structure and leverage have evolved over time. Further analysis would be necessary to understand the implications of the missing data on the company's financial risk and stability.
Peer comparison
Dec 31, 2023