On Holding AG (ONON) Financial Ratio Screen

NYSE Consumer Cyclical Switzerland USD 9635M
RATIOS FAIL*
Automated financial screen · activity assessed separately
On Holding AG (ONON) is potentially non-compliant in the automated ratio model. While the debt ratio of 18.4% is acceptable, the cash and interest-bearing securities ratio of 38.0% exceeds the 30% threshold. On Holding AG operates in the Consumer Cyclical sector.

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MSCI new-inclusion financial-ratio snapshot

ONON financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
18.4%
Pass vs 30%
Cash ratio
38.0%
Fail vs 30%
Receivables + cash
51.4%
Fail vs 30%
Impermissible income
1.0%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Footwear & Accessories) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 18.4%
/ 30%
38.0%
/ 30%
51.4%
/ 30%
1.03%
/ 5%
RATIOS FAIL*
FTSE 18.4%
/ 33%
38.0%
/ 33%
51.4%
/ 50%
1.03%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
19.6
Forward: 13.8
EPS
$1.47
P/B Ratio
4.0
EV/EBITDA
18.3
EV: $9.0B
Revenue
$3.0B
Growth: 13.5%
Beta
2.1
High volatility
Current Ratio
2.8

Profitability

Gross Margin 64.8%
Operating Margin 14.0%
Net Margin 12.3%
Return on Equity (ROE) 24.0%
Return on Assets (ROA) 9.6%

Cash Flow & Balance Sheet

Operating Cash Flow$360M
Free Cash Flow$281M
Total Debt$522M
Debt-to-Equity29.4
Current Ratio2.8
Total Assets$2.8B

Price & Trading

Last Close$29.51
50-Day MA$35.91
200-Day MA$40.04
Avg Volume6.0M
Beta2.1
52-Week Range
$28.55
$51.08

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-08-26 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About On Holding AG (ONON)

CEO
Mr. David Allemann
Employees
3,963
Website
Sector
Consumer Cyclical
Industry
Footwear & Accessories
Country
Switzerland
Exchange
NYSE
Market Cap (listing currency)
USD 9635M
Currency
USD

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

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Frequently Asked Questions

Is On Holding AG (ONON) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is On Holding AG's debt ratio?

On Holding AG's debt ratio is 18.4% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are On Holding AG's key financial metrics?

On Holding AG has a market capitalization of USD 9635M in its listing currency, trailing P/E ratio of 19.6, and revenue of $3.0B. The company maintains a gross margin of 64.8% and a net margin of 12.3%. Return on equity stands at 24.0%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.