Omnicom Group Inc (OMC)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,639,600 | 5,572,100 | 5,613,700 | 5,609,400 | 5,577,200 | 5,450,600 | 5,548,500 | 5,646,400 | 5,685,700 | 5,217,700 | 5,300,700 | 5,754,400 | 5,807,300 | 5,761,500 | 5,714,100 | 5,093,400 | 5,134,300 | 5,294,600 | 5,031,300 | 4,948,600 |
| Total assets | US$ in thousands | 28,044,600 | 25,010,800 | 25,067,600 | 25,237,600 | 27,002,500 | 24,132,200 | 24,905,500 | 26,145,700 | 28,421,800 | 25,580,800 | 25,654,400 | 25,614,300 | 27,647,200 | 23,779,500 | 22,641,100 | 23,675,900 | 26,783,400 | 23,653,500 | 25,042,100 | 25,211,200 |
| Debt-to-assets ratio | 0.20 | 0.22 | 0.22 | 0.22 | 0.21 | 0.23 | 0.22 | 0.22 | 0.20 | 0.20 | 0.21 | 0.22 | 0.21 | 0.24 | 0.25 | 0.22 | 0.19 | 0.22 | 0.20 | 0.20 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,639,600K ÷ $28,044,600K
= 0.20
The debt-to-assets ratio of Omnicom Group, Inc. has shown relative stability over the past eight quarters, ranging from 0.20 to 0.23. This ratio indicates the proportion of the company's assets that are financed through debt. With a ratio consistently below 1, it suggests that Omnicom Group relies more on equity financing rather than debt to fund its operations and investments. The slight fluctuations in the ratio could be attributed to changes in the company's debt levels or asset values over time. Overall, the consistency in the debt-to-assets ratio indicates a prudent financial approach by maintaining a healthy balance between debt and assets within the company.
Peer comparison
Dec 31, 2023