ON Semiconductor Corporation (ON)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	3,345,900	2,547,200	2,545,700	2,544,100	2,542,600	2,541,100	2,539,600	2,538,000	3,045,700	3,046,500	3,047,400	3,035,400	2,913,900	2,910,500	2,907,100	2,806,900	2,959,700	3,537,600	4,044,800	4,043,000
Total assets	US$ in thousands	14,089,800	13,923,600	13,658,800	13,482,900	13,215,200	13,281,300	12,762,700	12,274,300	11,978,500	11,100,700	10,788,700	10,212,400	9,626,000	8,940,700	8,594,400	8,630,400	8,668,000	9,254,000	9,527,800	9,420,800
Debt-to-assets ratio		0.24	0.18	0.19	0.19	0.19	0.19	0.20	0.21	0.25	0.27	0.28	0.30	0.30	0.33	0.34	0.33	0.34	0.38	0.42	0.43

December 31, 2024 calculation

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

The debt-to-assets ratio of ON Semiconductor Corporation has been on a decreasing trend from 0.43 as of March 31, 2020, to 0.24 as of December 31, 2024. This ratio measures the proportion of total debt relative to total assets, indicating the company's reliance on debt financing. The decreasing trend suggests that the company has been reducing its debt levels in relation to its total assets over the years, potentially improving its financial stability and reducing financial risk. It is important for investors and stakeholders to monitor this ratio to assess the company's financial health and the ability to meet its debt obligations.