ON Semiconductor Balance Sheet Health
Financial Health criteria checks 6/6
ON Semiconductor has a total shareholder equity of $8.4B and total debt of $3.3B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are $13.7B and $5.3B respectively. ON Semiconductor's EBIT is $2.4B making its interest coverage ratio -53.9. It has cash and short-term investments of $2.7B.
Key information
40.0%
Debt to equity ratio
US$3.34b
Debt
| Interest coverage ratio | -53.9x |
| Cash | US$2.68b |
| Equity | US$8.36b |
| Total liabilities | US$5.30b |
| Total assets | US$13.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XS4's short term assets ($6.3B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: XS4's short term assets ($6.3B) exceed its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: XS4's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: XS4's debt to equity ratio has reduced from 110.9% to 40% over the past 5 years.
Debt Coverage: XS4's debt is well covered by operating cash flow (61%).
Interest Coverage: XS4 earns more interest than it pays, so coverage of interest payments is not a concern.