Omnicom Group Inc (OMC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,616,300 | 3,228,800 | 3,153,500 | 3,116,600 | 3,252,100 | 2,746,700 | 2,833,200 | 2,999,700 | 3,270,200 | 3,279,000 | 3,348,800 | 3,211,200 | 3,084,400 | 2,638,800 | 2,413,000 | 2,447,600 | 2,853,900 | 2,464,100 | 2,410,200 | 2,413,300 |
| Debt-to-capital ratio | 0.61 | 0.63 | 0.64 | 0.64 | 0.63 | 0.66 | 0.66 | 0.65 | 0.63 | 0.61 | 0.61 | 0.64 | 0.65 | 0.69 | 0.70 | 0.68 | 0.64 | 0.68 | 0.68 | 0.67 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,639,600K ÷ ($5,639,600K + $3,616,300K)
= 0.61
The debt-to-capital ratio of Omnicom Group, Inc. has exhibited a relatively stable trend over the past eight quarters, ranging from 0.61 to 0.67. This ratio represents the proportion of the company's total debt relative to its total capital, which includes both debt and equity.
The decreasing trend from Q3 2022 to Q4 2022 suggests a reduction in the company's reliance on debt financing compared to its capital structure. However, this trend reversed in subsequent quarters, with the ratio gradually increasing up to 0.64 in Q4 2023.
Overall, the average debt-to-capital ratio of Omnicom Group, Inc. over the eight quarters is approximately 0.64, indicating that around 64% of the company's capital is funded by debt. It is important to evaluate this ratio in conjunction with other financial metrics and industry benchmarks to assess the company's leverage position and financial health accurately.
Peer comparison
Dec 31, 2023