ONON (On Holding AG) Interest Expense: $-28 Mil (TTM As of Mar. 2026)


ONON On Holding AG ONON
85 GF Score
Price $36.83
GF Value $62.64
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is On Holding AG Interest Expense?

On Holding AG ONON +3.57% 85 Interest Expense is $-28 Mil as of Mar. 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.64 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. On Holding AG's interest expense for the three months ended in Mar. 2026 was $ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-28 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. On Holding AG's Operating Income for the three months ended in Mar. 2026 was $ 149 Mil. On Holding AG's Interest Expense for the three months ended in Mar. 2026 was $ -10 Mil. On Holding AG's Interest Coverage for the quarter that ended in Mar. 2026 was 14.68. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

On Holding AG  (NYSE:ONON) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

On Holding AG's Interest Expense for the three months ended in Mar. 2026 was $-10 Mil. Its Operating Income for the three months ended in Mar. 2026 was $149 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $581 Mil.

On Holding AG's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*149.117/-10.161
=14.68

* 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.

The higher the ratio, the stronger the company's financial strength is.

On Holding AG Interest Expense Historical Data

* Premium members only.

The historical data trend for On Holding AG's Interest Expense 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 Interest Expense Chart

On Holding AG Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial -2.61 -4.62 -8.09 -17.72 -27.48

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
Interest Expense 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 -6.68 -7.38 -10.18 -0.13 -10.16
ONON
85GF Score
On Holding AG ONON
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

On Holding AG Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28 Mil.

* 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 Interest Expense →
What does a Interest Expense of $-28 Mil mean?
On Holding AG (ONON) has a Interest Expense of $-28 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on On Holding AG and its competitors.
Is On Holding AG's Interest Expense too high?
On Holding AG's current Interest Expense is $-28 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 Interest Expense compare to DECK and BIRK?
On Holding AG's Interest Expense of $-28 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 Interest Expense for a Manufacturing - Apparel & Accessories company?
A good Interest Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on On Holding AG and its competitors. On Holding AG's current Interest Expense is $-28 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 $62.64, compared to a current price of $36.83 — trading 41.2% below its estimated fair value. The current Interest Expense is $-28 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 Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For On Holding AG (ONON), the current Interest Expense is $-28 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 $36.83 is trading 41.2% below its estimated GF Value™ of $62.64. GuruFocus considers On Holding AG to be Significantly Undervalued.

Key valuation signals for ONON:

  • Interest Expense: $-28 Mil
  • GF Value™: $62.64 vs. price of $36.83 (41.2% 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

Get the complete analysis for ONON

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

$36.83
Price
$62.64
GF Value