ON Semiconductor Corporation (ON)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	3,345,900	2,542,600	3,045,700	2,913,900	2,959,700
Total assets	US$ in thousands	14,089,800	13,215,200	11,978,500	9,626,000	8,668,000
Debt-to-assets ratio		0.24	0.19	0.25	0.30	0.34

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,345,900K ÷ $14,089,800K
= 0.24

ON Semiconductor Corporation's debt-to-assets ratio has shown a declining trend over the past five years, decreasing from 0.34 in December 2020 to 0.24 in December 2024. This ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting a stronger financial position and less reliance on debt for funding its operations and investments. The decreasing trend in the debt-to-assets ratio is generally favorable, as it indicates a reduction in the company's debt burden relative to its total assets. However, it is important to monitor this ratio in conjunction with other financial metrics to assess the overall financial health and risk profile of ON Semiconductor Corporation accurately.