Omnicom Group Inc (OMC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,639,600 | 5,577,200 | 5,685,700 | 5,807,300 | 5,134,300 |
| Total assets | US$ in thousands | 28,044,600 | 27,002,500 | 28,421,800 | 27,647,200 | 26,783,400 |
| Debt-to-assets ratio | 0.20 | 0.21 | 0.20 | 0.21 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,639,600K ÷ $28,044,600K
= 0.20
Omnicom Group, Inc. has maintained a relatively stable debt-to-assets ratio over the past five years, ranging between 0.19 and 0.21. The decreasing trend from 0.21 in 2022 to 0.20 in 2023 indicates a slight improvement in the company's ability to cover its assets with debt obligations. The consistent ratios around the 0.20 mark suggest that Omnicom Group has been effectively managing its debt levels in relation to its total assets. This indicates that the company has maintained a prudent balance between debt financing and the use of its assets to drive business operations. Overall, the stable and moderate debt-to-assets ratios signify a healthy financial position for Omnicom Group, Inc., demonstrating a reasonable level of leverage in its capital structure.
Peer comparison
Dec 31, 2023