Onity Group Balance Sheet Health
Financial Health criteria checks 2/6
Onity Group has a total shareholder equity of $468.2M and total debt of $12.0B, which brings its debt-to-equity ratio to 2571.6%. Its total assets and total liabilities are $13.2B and $12.8B respectively. Onity Group's EBIT is $604.1M making its interest coverage ratio 3. It has cash and short-term investments of $201.6M.
Key information
2,571.6%
Debt to equity ratio
US$12.04b
Debt
| Interest coverage ratio | 3x |
| Cash | US$201.60m |
| Equity | US$468.20m |
| Total liabilities | US$12.76b |
| Total assets | US$13.23b |
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 06
Is 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 24Financial Position Analysis
Short Term Liabilities: ONIT's short term assets ($2.2B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: ONIT's short term assets ($2.2B) do not cover its long term liabilities ($11.3B).
Debt to Equity History and Analysis
Debt Level: ONIT's net debt to equity ratio (2528.6%) is considered high.
Reducing Debt: ONIT's debt to equity ratio has increased from 2277.3% to 2571.6% 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 (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Onity Group Inc. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bruce Harting | Barclays |
| Kenneth Bruce | BofA Global Research |
| Matthew Howlett | B. Riley Securities, Inc. |