OKASY (Onward Holdings Co) Debt-to-Asset : 0.26 (As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OKASY Onward Holdings Co Ltd OKASY
75 GF Score
Price $50.00
GF Value $46.09
! 2 Warning Signs
View Full Analysis

What is Onward Holdings Co Debt-to-Asset?

Onward Holdings Co OKASY 75 Debt-to-Asset is 0.26 as of Feb. 2026. GuruFocus rates OKASY with a GF Score™ of 75/100 and a GF Value™ of $46.09. The stock has 2 warning signs investors should review.

Onward Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was $205 Mil. Onward Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was $112 Mil. Onward Holdings Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2026 was $1,220 Mil. Onward Holdings Co's debt to asset for the quarter that ended in Feb. 2026 was 0.26.

Onward Holdings Co  (OTCPK:OKASY) 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.

Onward Holdings Co Debt-to-Asset Related Terms

Onward Holdings Co Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Onward Holdings Co'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.

Onward Holdings Co Debt-to-Asset Chart

Onward Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.20 0.25 0.29 0.26

Onward Holdings Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Debt-to-Asset 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 0.24 0.26 0.23 0.26 0.25

OKASY vs RL, LEVI, VFC: Debt-to-Asset Comparison

For the Apparel Manufacturing subindustry, Onward Holdings Co'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.

Onward Holdings Co Debt-to-Asset vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Onward Holdings Co's Debt-to-Asset falls into.


OKASY
75GF Score
Onward Holdings Co Ltd OKASY
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Onward Holdings Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Onward Holdings Co's Debt-to-Asset for the fiscal year that ended in Feb. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(204.621 + 112.41) / 1219.994
=0.26

Onward Holdings Co's Debt-to-Asset for the quarter that ended in Feb. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(204.621 + 112.41) / 1219.994
=0.26

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.26 mean?
Onward Holdings Co (OKASY) has a Debt-to-Asset of 0.26 as of Feb. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Onward Holdings Co and its competitors.
Is Onward Holdings Co's Debt-to-Asset too high?
Onward Holdings Co's current Debt-to-Asset is 0.26. Overall, Onward Holdings Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Debt-to-Asset compare to RL and LEVI?
Onward Holdings Co's Debt-to-Asset of 0.26 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 Debt-to-Asset for a Manufacturing - Apparel & Accessories company?
A good Debt-to-Asset depends on the Manufacturing - Apparel & Accessories industry context. However, Debt-to-Asset 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 Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Onward Holdings Co and its competitors. Onward Holdings Co's current Debt-to-Asset is 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current Debt-to-Asset of 0.26. The stock's GF Value™ is $46.09, compared to a current price of $50.00 — trading 8.5% above its estimated fair value. The current Debt-to-Asset is 0.26. Onward Holdings Co's overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Onward Holdings Co (OKASY), the current Debt-to-Asset is 0.26 as of Feb. 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 Onward Holdings Co (OKASY) Overvalued in 2026?

Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued. The current stock price of $50.00 is trading 8.5% above its estimated GF Value™ of $46.09.

Key valuation signals for OKASY:

  • Debt-to-Asset: 0.26
  • GF Value™: $46.09 vs. price of $50.00 (8.5% above fair value)
  • GF Score™: 75/100 with 2 warning signs

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

Onward Holdings Co Business Description

Other Exchanges 8016:Japan
Address 10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
75GF Score

Get the complete analysis for OKASY

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

$50.00
Price
$46.09
GF Value