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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for ON24's Debt-to-Equity or its related term are showing as below:
ONTF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.39 Med: 0.03 Max: 2.75
Current: 0.04
During the past 8 years, the highest Debt-to-Equity Ratio of ON24 was 2.75. The lowest was -1.39. And the median was 0.03.
ONTF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.19
vs ONTF: 0.04
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
ON24 Debt-to-Equity Related Terms
ON24 Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for ON24's Debt-to-Equity 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.
ONTF vs APPS, SPT, RBBN: Debt-to-Equity Comparison
For the Software - Application subindustry, ON24's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
ON24 Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, ON24's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ON24's Debt-to-Equity falls into.
* 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.
ON24 (ONTF) has a Debt-to-Equity of 0.04 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ON24 and its competitors. This is 33% above median its historical median of 0.03.
Is ON24's Debt-to-Equity too high?
ON24's current Debt-to-Equity of 0.04 is 33% above median its 10-year median of 0.03. The Software industry median Debt-to-Equity is 0.19. ON24's value of 0.04 is 78.9% below this industry median. Overall, ON24 has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does ON24's Debt-to-Equity compare to APPS and SPT?
ON24's Debt-to-Equity of 0.04 can be compared against companies in the Software industry. The industry median Debt-to-Equity is 0.19. ON24's value of 0.04 is 78.9% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.19, ON24 has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,247 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ON24's current Debt-to-Equity of 0.04 is 78.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ON24 and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ON24's current Debt-to-Equity is 0.04, which is 33% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ON24 stock overvalued right now?
ON24 (ONTF) has a current Debt-to-Equity of 0.04. The stock's GF Value™ is $5.73, compared to a current price of $8.10 — trading 41.4% above its estimated fair value. The current Debt-to-Equity is 0.04, which is 33% above median its 10-year median of 0.03 and 78.9% below the Software industry median of 0.19. ON24's overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ON24 (ONTF), the current Debt-to-Equity is 0.04 as of Dec. 2025. 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 ON24 (ONTF) Overvalued in 2026?
Based on GuruFocus' analysis, ON24 stock appears to be overvalued.
The current stock price of $8.10 is trading 41.4% above its estimated GF Value™ of $5.73.
Key valuation signals for ONTF:
Debt-to-Equity: 0.04 (33% above median its 10-year median of 0.03)
GF Value™: $5.73 vs. price of $8.10 (41.4% above fair value)
Industry Position: 78.9% below the Software median
No single metric tells the full story. See the ONTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ON24 Inc provides a cloud-based intelligent engagement platform that combines experiences with personalization and content, to enable sales and marketing organizations to capture and act on connected insights at scale. The company's platform offers a portfolio of interactive and hyper-personalized digital experience products that create and capture actionable, real-time data at scale from millions of professionals to provide businesses with buying signals and behavioral insights to efficiently convert prospects into customers. It provides solutions to Financial services, Life Sciences, Life sciences, Insurance, Technology, Associations, and Others. Geographically, the company derives maximum revenue from United States, and also has its presence in EMEA and Other Countries.
39GF Score
Get the complete analysis for ONTF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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