ON Semiconductor Balance Sheet Health
Financial Health criteria checks 6/6
ON Semiconductor has a total shareholder equity of $8.1B and total debt of $3.3B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are $13.5B and $5.3B respectively. ON Semiconductor's EBIT is $2.5B making its interest coverage ratio -63.6. It has cash and short-term investments of $2.6B.
Key information
41.0%
Debt to equity ratio
US$3.34b
Debt
Interest coverage ratio | -63.6x |
Cash | US$2.61b |
Equity | US$8.14b |
Total liabilities | US$5.34b |
Total assets | US$13.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KC4's short term assets ($6.1B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: 0KC4's short term assets ($6.1B) exceed its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: 0KC4's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: 0KC4's debt to equity ratio has reduced from 86% to 41% over the past 5 years.
Debt Coverage: 0KC4's debt is well covered by operating cash flow (61.9%).
Interest Coverage: 0KC4 earns more interest than it pays, so coverage of interest payments is not a concern.