Stock Analysis on Net
Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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ON Semiconductor Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021 Dec 31, 2020 Oct 2, 2020 Jul 3, 2020 Apr 3, 2020 Dec 31, 2019 Sep 27, 2019 Jun 28, 2019 Mar 29, 2019
Accounts payable
Accrued expenses and other current liabilities
Current portion of financing lease liabilities
Current portion of long-term debt
Liabilities held-for-sale
Current liabilities
Long-term debt, excluding current portion
Deferred tax liabilities
Long-term financing lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock, $0.01 par value
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated earnings
Treasury stock, at cost
Total ON Semiconductor Corporation stockholders’ equity
Non-controlling interest
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-10-02), 10-Q (reporting date: 2020-07-03), 10-Q (reporting date: 2020-04-03), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).

Accounts Payable
Accounts payable as a percentage of total liabilities and stockholders’ equity shows a fluctuating trend, initially declining from 7.71% in March 2019 to 5.35% in April 2020, then rising gradually to peak around 7.95% in March 2023, before declining again to 4.94% by March 2024.
Accrued Expenses and Other Current Liabilities
This item exhibits variability, starting at 7.98% in March 2019, decreasing to around 5.73% in mid-2020, then experiencing some recovery and slight fluctuations, generally remaining in the 5.0% to 7.5% range through to March 2024, ending close to 5.03%.
Current Portion of Financing Lease Liabilities
Data for this liability only appears after March 2023, showing a minor but decreasing impact from 0.12% to 0% in March 2024.
Current Portion of Long-Term Debt
The current portion of long-term debt experienced significant volatility, rising sharply to 8.74% in December 2019 from 1.73% in March 2019, then generally decreasing with fluctuations, showing a notable rise again to 7.55% in March 2023 before declining to 5.89% in March 2024.
Current Liabilities
Current liabilities as a whole show substantial fluctuations, peaking at 23.49% in September 2019, then declining to the 15% to 17% range between 2021 and 2024, with a spike to 21.02% in March 2023, indicating some variability but an overall downward tendency toward the end of the period.
Long-Term Debt, Excluding Current Portion
Long-term debt exhibits a downward trend over the analyzed period, starting at 34.89% in March 2019, peaking intermittently above 40% mid-2020, and then steadily declining to 18.87% by March 2024, suggesting efforts to reduce long-term debt obligations.
Deferred Tax Liabilities
This liability remains relatively stable but shows a slight decrease from 0.72% in March 2019 to around 0.28% in early 2024, reflecting possible changes in tax position or timing differences over time.
Long-Term Financing Lease Liabilities
Reported only after April 2022, this liability remains minimal and fairly stable between 0.16% and 0.20%, representing a small component of the capital structure.
Other Long-Term Liabilities
Other long-term liabilities maintain a narrow range, generally increasing from approximately 4.0% in early 2019 to a peak near 5.41% in late 2021 before modestly declining to 4.44% by March 2024.
Long-Term Liabilities
Overall long-term liabilities see a decreasing trend from 40.01% in March 2019 to 23.74% by March 2024, consistent with the reduction observed in long-term debt and indicating a shift in the liabilities structure toward lower long-term obligations.
Total Liabilities
Total liabilities as a percentage of total capital show a steady decline over the period, from 57.42% in March 2019 to 39.61% in March 2024, implying an increasing reliance on equity financing or reduced overall leverage.
Common Stock
The proportion of common stock remains negligible and stable, around 0.05% to 0.07%, indicating no significant changes in par value stock contributions.
Additional Paid-in Capital
This equity component decreases overall, from 49.21% in March 2019 to a low near 35.73% in September 2023, with a slight recovery to 38.89% by March 2024, signaling variations in capital contributions or share transactions.
Accumulated Other Comprehensive Loss
The accumulated other comprehensive loss narrows over time, improving from -0.58% in March 2019 to about -0.39% in March 2024, indicating a reduction in accumulated losses from other comprehensive income or gains.
Accumulated Earnings
Accumulated earnings show a strong and consistent increase throughout the period, rising from 14.46% in March 2019 to 51.93% by March 2024, reflecting sustained profitability and retention of earnings within the company.
Treasury Stock, at Cost
The treasury stock shows an increasing negative impact, with the percentage increasing in magnitude from -20.89% in March 2019 to -30.22% in March 2024, indicating aggressive share repurchases or accumulated treasury holdings which reduce total equity.
Total Stockholders’ Equity
Total stockholders’ equity exhibits a positive trajectory, recovering from 42.58% in March 2019 to 60.39% in March 2024, suggesting strengthening equity foundations driven by increasing accumulated earnings despite the growing treasury stock balance.
Summary
The data demonstrates a clear strategic reduction in liabilities, particularly long-term debt, alongside a growing equity base largely fueled by increasing retained earnings. The reduction in total liabilities and expansion of equity signifies a shift toward a more balanced and potentially less leveraged capital structure. The persistence of elevated treasury stock levels indicates continuous share repurchases, partially offsetting equity growth. Fluctuations in current liabilities and debt structure may reflect operational or financing adjustments over time, while comprehensive loss improvements suggest better financial performance or risk management in non-operating areas.