ONON (On Holding AG) Accounts Payable: $200 Mil (As of Mar. 2026)


ONON On Holding AG ONON
85 GF Score
Price $38.54
GF Value $62.72
Valuation Significantly Undervalued
! 2 Warning Signs
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What is On Holding AG Accounts Payable?

On Holding AG ONON +4.81% 85 Accounts Payable is $200 Mil as of Mar. 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.72 (Significantly Undervalued). The stock has 2 warning signs investors should review.

On Holding AG's Accounts Payable for the quarter that ended in Mar. 2026 was $200 Mil.

On Holding AG's quarterly Accounts Payable declined from Sep. 2025 ($195 Mil) to Dec. 2025 ($194 Mil) but then increased from Dec. 2025 ($194 Mil) to Mar. 2026 ($200 Mil).

On Holding AG's annual Accounts Payable increased from Dec. 2023 ($75 Mil) to Dec. 2024 ($187 Mil) and increased from Dec. 2024 ($187 Mil) to Dec. 2025 ($194 Mil).

On Holding AG Accounts Payable Related Terms

On Holding AG Accounts Payable Historical Data

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The historical data trend for On Holding AG's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

On Holding AG Accounts Payable Chart

On Holding AG Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial 49.84 119.15 75.28 186.74 194.25

On Holding AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 183.34 197.61 195.45 194.25 200.43
ONON
85GF Score
On Holding AG ONON
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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On Holding AG Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $200 Mil mean?
On Holding AG (ONON) has a Accounts Payable of $200 Mil as of Mar. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on On Holding AG and its competitors.
Is On Holding AG's Accounts Payable too high?
On Holding AG's current Accounts Payable is $200 Mil. Overall, On Holding AG has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does On Holding AG's Accounts Payable compare to DECK and BIRK?
On Holding AG's Accounts Payable of $200 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Manufacturing - Apparel & Accessories company?
A good Accounts Payable depends on the Manufacturing - Apparel & Accessories industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on On Holding AG and its competitors. On Holding AG's current Accounts Payable is $200 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is On Holding AG stock overvalued right now?
Based on GuruFocus' analysis, On Holding AG (ONON) is currently considered Significantly Undervalued. The stock's GF Value™ is $62.72, compared to a current price of $38.54 — trading 38.6% below its estimated fair value. The current Accounts Payable is $200 Mil. On Holding AG's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For On Holding AG (ONON), the current Accounts Payable is $200 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is On Holding AG (ONON) Overvalued in 2026?

Based on GuruFocus' analysis, On Holding AG stock appears to be undervalued. The current stock price of $38.54 is trading 38.6% below its estimated GF Value™ of $62.72. GuruFocus considers On Holding AG to be Significantly Undervalued.

Key valuation signals for ONON:

  • Accounts Payable: $200 Mil
  • GF Value™: $62.72 vs. price of $38.54 (38.6% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the ONON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

On Holding AG Business Description

Address Forrlibuckstrasse 190, Zurich, CHE, 8005
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.
85GF Score

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Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$38.54
Price
$62.72
GF Value