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On Holding AG Cash Ratio

: 2.79 (As of Mar. 2022)
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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. On Holding AG's Cash Ratio for the quarter that ended in Mar. 2022 was 2.79.

On Holding AG has a Cash Ratio of 2.79. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for On Holding AG's Cash Ratio or its related term are showing as below:

ONON' s Cash Ratio Range Over the Past 10 Years
Min: 0.27   Med: 2.02   Max: 3.77
Current: 2.79

During the past 3 years, On Holding AG's highest Cash Ratio was 3.77. The lowest was 0.27. And the median was 2.02.

ONON's Cash Ratio is ranked better than
93.38% of 1103 companies
in the Retail - Cyclical industry
Industry Median: 0.42 vs ONON: 2.79

On Holding AG Cash Ratio Historical Data

The historical data trend for On Holding AG's Cash Ratio 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.

* Premium members only.

On Holding AG Annual Data
Trend Dec19 Dec20 Dec21
Cash Ratio
0.27 1.25 3.33

On Holding AG Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Cash Ratio Premium Member Only Premium Member Only Premium Member Only - 0.67 3.77 3.33 2.79

Competitive Comparison

For the Apparel Retail subindustry, On Holding AG's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

On Holding AG Cash Ratio Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, On Holding AG's Cash Ratio distribution charts can be found below:

* The bar in red indicates where On Holding AG's Cash Ratio falls into.



On Holding AG Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

On Holding AG's Cash Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash Ratio (A: Dec. 2021 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=741.73181324647/222.59609120521
=3.33

On Holding AG's Cash Ratio for the quarter that ended in Mar. 2022 is calculated as:

Cash Ratio (Q: Mar. 2022 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=713.5657413385/255.69937594147
=2.79

* 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  (NYSE:ONON) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


On Holding AG Cash Ratio Related Terms

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On Holding AG Business Description

On Holding AG logo
Traded in Other Exchanges
N/A
Address
Pfingstweidstrasse 106, Zurich, CHE, 8005
On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers.

On Holding AG Headlines

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