Onity Group (LTS:0KAS) Debt-to-Asset : 0.88 (As of Sep. 2024)

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What is Onity Group Debt-to-Asset?

Onity Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $55 Mil. Onity Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $11,582 Mil. Onity Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $13,227 Mil. Onity Group's debt to asset for the quarter that ended in Sep. 2024 was 0.88.

Onity Group Debt-to-Asset Historical Data

The historical data trend for Onity Group's Debt-to-Asset 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.

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Onity Group Debt-to-Asset Chart

Onity Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.83

0.87

0.86

0.84

0.87

Onity Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.84	0.87	0.88	0.88	0.88

Competitive Comparison of Onity Group's Debt-to-Asset

For the Mortgage Finance subindustry, Onity Group's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Onity Group's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Onity Group's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Onity Group's Debt-to-Asset falls into.

Onity Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Onity Group's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(52	+	10878.4)	/	12513.7
	=	0.87

Onity Group's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(55.2	+	11581.5)	/	13226.7
	=	0.88

Onity Group (LTS:0KAS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Onity Group Debt-to-Asset Related Terms

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Onity Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Onity Group Inc (LTS:0KAS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

ONIT:USA

Address

1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409

Website

https://onitygroup.com

Onity Group Inc is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.

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