Onity Group Balance Sheet Health
Financial Health criteria checks 2/6
Onity Group has a total shareholder equity of $432.1M and total debt of $11.9B, which brings its debt-to-equity ratio to 2758.3%. Its total assets and total liabilities are $13.1B and $12.7B respectively. Onity Group's EBIT is $641.5M making its interest coverage ratio 3.3. It has cash and short-term investments of $190.9M.
Key information
2,758.3%
Debt to equity ratio
US$11.92b
Debt
Interest coverage ratio | 3.3x |
Cash | US$190.90m |
Equity | US$432.10m |
Total liabilities | US$12.66b |
Total assets | US$13.09b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OW0A's short term assets ($2.1B) exceed its short term liabilities ($580.5M).
Long Term Liabilities: OW0A's short term assets ($2.1B) do not cover its long term liabilities ($12.1B).
Debt to Equity History and Analysis
Debt Level: OW0A's net debt to equity ratio (2714.1%) is considered high.
Reducing Debt: OW0A's debt to equity ratio has increased from 1601.4% to 2758.3% over the past 5 years.
Debt Coverage: OW0A's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OW0A's interest payments on its debt are well covered by EBIT (3.3x coverage).