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
No updates
Recent updates
Ocwen Financial Corporation: Need More To Make This A Buy
Jul 18Analysts Are Updating Their Ocwen Financial Corporation (NYSE:OCN) Estimates After Its First-Quarter Results
May 06Is Now The Time To Put Ocwen Financial (NYSE:OCN) On Your Watchlist?
Mar 02Ocwen Financial names CEO Messina as board chair
Jan 23Ocwen Financial Q3 2022 Earnings Preview
Nov 02Ocwen: Fundamental Stability And Strategy Amidst Market Volatility
Aug 31Time To Worry? Analysts Just Downgraded Their Ocwen Financial Corporation (NYSE:OCN) Outlook
Mar 01Ocwen Financial agrees to acquire Reverse Mortgage Servicing Platform
Jun 18Here's Why Shareholders May Want To Be Cautious With Increasing Ocwen Financial Corporation's (NYSE:OCN) CEO Pay Packet
May 19Ocwen Financial's(NYSE:OCN) Share Price Is Down 70% Over The Past Five Years.
Dec 24Recent developments at Ocwen may generate $80B-$100B new servicing UPB
Dec 22Ocwen Financial Headed In The Right Direction But Wait For Positive Earnings
Dec 17Financial Position Analysis
Short Term Liabilities: ONIT's short term assets ($2.1B) exceed its short term liabilities ($580.5M).
Long Term Liabilities: ONIT's short term assets ($2.1B) do not cover its long term liabilities ($12.1B).
Debt to Equity History and Analysis
Debt Level: ONIT's net debt to equity ratio (2714.1%) is considered high.
Reducing Debt: ONIT's debt to equity ratio has increased from 1601.4% to 2758.3% over the past 5 years.
Debt Coverage: ONIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ONIT's interest payments on its debt are well covered by EBIT (3.3x coverage).