ONON (On Holding AG) LT-Debt-to-Total-Asset: 0.15 (As of Mar. 2026)

What is On Holding AG LT-Debt-to-Total-Asset?

On Holding AG ONON +3.57% 85 LT-Debt-to-Total-Asset is 0.15 as of Mar. 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.59 (Significantly Undervalued). The stock has 2 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. On Holding AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.15.

On Holding AG's long-term debt to total assets ratio increased from Mar. 2025 (0.12) to Mar. 2026 (0.15). It may suggest that On Holding AG is progressively becoming more dependent on debt to grow their business.

On Holding AG (NYSE:ONON) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

On Holding AG LT-Debt-to-Total-Asset Related Terms

On Holding AG LT-Debt-to-Total-Asset Historical Data

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The historical data trend for On Holding AG's LT-Debt-to-Total-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.

On Holding AG LT-Debt-to-Total-Asset Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.14

0.10

0.12

0.16

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
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.17	0.16	0.16	0.15

85GF Score

On Holding AG ONON

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On Holding AG LT-Debt-to-Total-Asset Calculation

On Holding AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	552.516	/	3558.037
	=	0.16

On Holding AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	580.592	/	3764.385
	=	0.15

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.15 mean?

On Holding AG (ONON) has a LT-Debt-to-Total-Asset of 0.15 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on On Holding AG and its competitors.

Is On Holding AG's LT-Debt-to-Total-Asset too high?

On Holding AG's current LT-Debt-to-Total-Asset is 0.15. 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 LT-Debt-to-Total-Asset compare to DECK and BIRK?

On Holding AG's LT-Debt-to-Total-Asset of 0.15 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 LT-Debt-to-Total-Asset for a Manufacturing - Apparel & Accessories company?

A good LT-Debt-to-Total-Asset depends on the Manufacturing - Apparel & Accessories industry context. However, LT-Debt-to-Total-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 LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on On Holding AG and its competitors. On Holding AG's current LT-Debt-to-Total-Asset is 0.15. 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 $62.59, compared to a current price of $36.83 — trading 41.2% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.15. 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 LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For On Holding AG (ONON), the current LT-Debt-to-Total-Asset is 0.15 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 $62.59. GuruFocus considers On Holding AG to be Significantly Undervalued.

Key valuation signals for ONON:

LT-Debt-to-Total-Asset: 0.15
GF Value™: $62.59 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

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies DECK BIRK CROX SHOO WWW WEYS DBI RCKY FWDI FOSL NKE XTER:ADS TSE:7936 SHSE:600415 SZSE:300979 XTER:PUM TSE:8050 TSE:7762 HKSE:00551 HKSE:01440

Other Exchanges ONONN:Mexico 1ONON:Italy 49G:Germany

Address Forrlibuckstrasse 190, Zurich, CHE, 8005

Website https://www.on.com

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

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$36.83

Price

$62.59

GF Value

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